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Shearwater, TAS 7307

Home » TAS Real Estate Data » Latrobe Council, TAS » Shearwater, 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 Shearwater, 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 

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3BR

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5BR

Rent 

2BR

3BR

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5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

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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 “Shearwater, TAS 7307”

  1. The total adult population (15 years or older) of Shearwater 7307 TAS is 1,779, with a median age of 58. Of those, 52.56% are married, 14.22% are divorced or separated, 22.65% are single and 11.13% are widowed.

    The average household size is 2.1 people per dwelling, and the median household monthly income is estimated to be $5,628. The median monthly mortgage repayment for households in this suburb is $1,500 which is 26.65% of their earnings.

    Source: ABS Census Data (2021)

  2. The peaceful suburb of Shearwater, post code 7307, is located in the heart of Tasmania, hosting a community of an estimated 1235 households. As we move into the third quarter of 2023, the property market information for houses in the area have been revealed, presenting some intriguing insights for prospective investors and property seekers.

    As it stands, the typical price for houses in Shearwater amounts to $710,909. With a median weekly rent set at $476, this generates an attractive indicative yield of approximately 3.48%, meeting the minimum attractive market requirement and showcasing that Shearwater offers a decent return on investment.

    A fundamental element in property market analysis is the socio-economic context. Shearwater attains an IRSAD score of 946 out of 1217, highlighting the suburb’s solid socio-economic standing. Furthermore, the excellent owner to renter ratio of 21% illustrates the majority of homeowners, creating a market dominated by owner-occupiers which tends to result in higher property values in the long run.

    Shearwater displays an admirable units to houses ratio of 19%. This low proportion of units maintains a competitive edge for local landlords while attracting more families to the area due to the dominance of houses.

    On the downside, one must consider the affordability index, sitting at 49 years for houses, this surpasses the typical 30-year timeframe on a standard mortgage. This high figure might indicate less affordability in the area, posing a challenge for some home buyers.

    However, it’s not all challenging news in the supply metrics. Shearwater demonstrates a favourable low stock on market percentage of 0.28%, alongside an inventory level for houses lingering at around 1.14 months, suggesting a resilient and quick moving market in the area. Furthermore, with a building approval ratio for houses at 0%, it signals minimal pressure from incoming supply.

    Looking into the demand metrics, Shearwater homes are sold within an impressive 33 days on average, indicating a strong demand. The vacancy rate, although combining both houses and units, sits comfortably at 3.4%, sitting just below the upper limit of neutral demand, pointing to a balanced rental market scenario. Despite this, the buy search index for houses maintains a neutral score of 3, indicating an average buyer interest.

    Analyzing statistics is essential to understand the shifts in property markets. In Shearwater’s case, the market demonstrates favourable conditions across the majority of metrics. Nevertheless, keeping a close eye on trends and further incorporating RCS scoring could prove invaluable in astute decision-making for those looking to invest in this region of Tasmania.

    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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