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Snug, TAS 7054

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Snug, TAS 7054 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Snug, TAS 7054”

  1. The total adult population (15 years or older) of Snug 7054 TAS is 1,081, with a median age of 38. Of those, 47.55% are married, 12.12% are divorced or separated, 31.36% are single and 8.23% are widowed.

    The average household size is 2.7 people per dwelling, and the median household monthly income is estimated to be $7,636. The median monthly mortgage repayment for households in this suburb is $1,600 which is 20.95% of their earnings.

    Source: ABS Census Data (2021)

  2. Snug, a quaint suburb situated in TAS, is a community of approximately 550 households. The typical price for houses in this area, as of Q3 2023, stands at a robust $835,565. With a median weekly rent of $550, the local market exhibits a satisfactory indicative yield of 3.43%.

    In terms of socio-economic standing, Snug has a score of 973 out of a possible 1217 on the IRSAD scale, suggesting residents generally possess good access to economic resources and pursue skilled professions. When delving into the local housing demographic, an appealingly low renter to owner ratio of 20% surfaces, enhancing the overall residential quality and neighbourhood appeal.

    The Snug market is predominantly composed of houses, with units comprising a meagre 7% of the real estate mix. Such a variable bodes well for investors seeking less rental competition and attracted to longer tenancy periods typical for family-oriented suburbs.

    However, potential investors should note the affordability index, which highlights that it may take an estimated 44 years to fully own a property in this suburb, signalling some challenges in affordability for potential buyers. Despite this, Snug’s market presents favourable supply indicators. A staggeringly low stock on market Percentage at 0.18% and an inventory level for houses at just over a month (1.09) denotes a low supply market, often a green flag for investors aiming for capital gains.

    Active property development can also be observed with a Building Approval Ratio of 0.55% for houses, below the alarm threshold of 2%, implying a balanced property supply pipeline. A slightly delayed average sale period, reflected by the 56 days on market metric, signals neutral market demand, as does the buy search index sitting at 3.

    Overall vacancy rate for both houses and units combined in Snug sits comfortably at 2.78%, indicating a generally balanced rental market.

    In conclusion, while there are indications of moderate affordability concerns and neutral demand, Snug’s favourable supply side metrics, low renter-owner ratio, and majority house-based market, could potentially outweigh these considerations, making it a suburb worthwhile investigating for strategic investors. For a comprehensive investment appraisal, consider employing the Relative Composite Score tool by HtAG Analytics, which consolidates the analyses of over 80 metrics.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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