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Latrobe, TAS 7307

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 Latrobe, TAS 7307 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

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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 “Latrobe, TAS 7307”

  1. The total adult population (15 years or older) of Latrobe 7307 TAS is 4,192, with a median age of 43. Of those, 44.92% are married, 14.03% are divorced or separated, 33.47% are single and 7.44% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $5,904. The median monthly mortgage repayment for households in this suburb is $1,300 which is 22.02% of their earnings.

    Source: ABS Census Data (2021)

  2. Latrobe 7307 is a charming suburb nestled in the beautiful state of Tasmania. Home to an estimated 2593 households, it presents a blend of factors that make it an intriguing prospect in terms of property investment. Let’s delve deeper into the property market stats for Q3 of 2023.

    Housing prices in Latrobe 7307 typically round off to $601,301. Houses are attracting a median weekly rent of $398. When churned through the equations, these numbers deliver an indicative yield of 3.44% – sitting above the minimum attractive market requirement of 3%. This signals an opportunity for decent cash flow, especially for investors focusing on rental yield.

    The socio-economic score for Latrobe hovers at 893 out of the maximum score of 1217. This signifies a moderately stable socio-economic status for residents in the area, meaning potential for a consistent rental sector.

    For the renter to owner ratio, 27% of the residents are tenants. This falls under the favourable range of 30% and below, hinting at a market that isn’t oversaturated with rental properties. The units to houses ratio paints a similar picture at 19% – offering stability and a family-friendly environment due to the dominance of houses over units.

    However, the Affordability Index sits at 40 years, slightly on the higher side, indicating that housing prices in Latrobe might take a toll on your initial returns.

    On the supply side, the stock on market Percentage for houses is a favourable 0.46%, indicative of a lower supply. The inventory level for houses is promising at 1.59 months, suggesting quick absorption of new listings.

    The building approvals Ratio edges towards the higher end at 0.77% suggesting an increase in the supply of new dwelling stock. The days on market indexes a higher 120 days, indicating a relatively paced demand.

    Meanwhile, the vacancy rate – which includes both houses and units – stands at a favourable 1.26%, guaranteeing robust demand and lower risk of vacancies. However, the suburb’s buy search index for houses could do some catching up, currently recording a value of 3.

    Overall, the Latrobe suburb, with some favourable metrics in place and despite few on the higher range, holds immense potential for diligent investors willing to navigate through the fluctuating tides of the property market.

    A helpful tool to simplify this process might be HtAG Analytics’ Relative Composite Score (RCS). The RCS automatizes the research discussed here, using over 80 metrics, covering every angle and helping you make informed investment decisions.

    In conclusion, while the demand, supply, affordability, and socio-economic factors mark diversified trends in Latrobe 7307, its overall property market landscape presents opportunities for lucrative gains, given the right approach and investment strategy.

    This narrative paints Latrobe 7307 as a suburb abounding with opportunities waiting to be capitalised on, given the investor hones their strategies on existing market dynamics.

    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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