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King Island, TAS

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The property market on King Island is quite small, but has been growing steadily in recent years. There is currently a shortage of properties available for sale, which is driving prices up.

The island is a popular tourist destination, and this is helping to boost the economy. There is a new airport on the island, which is expected to further increase tourism and property prices.

Managers 25.5 %, Labourers 23.4 %, Technicians and Trades Workers 11.9 %, Clerical and Administrative Workers 8.7 %, and Professionals 8.4 % are the most frequent jobs on King Island. In King Island, the typical weekly personal income for people aged 15 and above is $707.

Separate homes account for 91.6 % of occupied private residences on King Island, 5.4 % for semi-detached, row or terrace houses, townhouses, etc., 0.5 % for flats or apartments, and 0.5 % for other housing.



Suburb Heatmap Analysis

Property Market Snapshot

This page provides an overview of the LGA real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this council area. You are able to drill down to suburb-level data and charts which 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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No Rent Data
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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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Property Market in King Island, TAS

Suburbs/localities in this Local Government Area: Currie 7256, Egg Lagoon 7256, Grassy 7256, Loorana 7256, Lymwood 7256, Naracoopa 7256, Nugara 7256, Pearshape 7256, Pegarah 7256, Reekara 7256, Sea Elephant 7256, Surprise Bay 7256, Wickham 7256, Yambacoona 7256, Yarra Creek 7256, Bungaree 7256