Fraud Blocker

Spreyton, TAS 7310

Home » TAS Real Estate Data » Latrobe Council, TAS » Spreyton, TAS 7310

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 Spreyton, TAS 7310 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™

Upgrade to Professional Plan to see the score

Capital Growth RCS™

Upgrade to Professional Plan to see the score

Cashflow RCS™

Upgrade to Professional Plan to see the score

FREE Investment Property Checklist

Secure your golden ticket to property investment success! Get our meticulously crafted Property Investment Checklist upon subscribing to our newsletter. It’s jam-packed with valuable insights from prime locations to specific building nuances.

Essentials
No Price Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

No Rent Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

Upgrade to Personal Plan to see Yield data.
Yield chart
Upgrade to Professional Plan to see Growth Rate Cycle data.
GRC chart
Fundamentals
Upgrade to Personal Plan to see IRSAD data.
IRSAD chart
Upgrade to Personal Plan to see U|H and R|O data.
Renters to owners pie chart
Upgrade to Personal Plan to see U|H and R|O data.
unit to houses pie charts
Upgrade to Personal Plan to see Demand Profile data.
Demand chart
Upgrade to Professional Plan to see Affordability Index data.
Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

Upgrade to Professional Plan to see Stock On Market trend.
SOM chart
Upgrade to Professional Plan to see Inventory trend.
Inventory chart
Upgrade to Professional Plan to see Building Approvals trend.
Inventory chart
Upgrade to Professional Plan to see Hold Period trend.
Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

Upgrade to Professional Plan to see Days On Market trend.
DOM chart
Upgrade to Professional Plan to see Vacancy Rate trend.
Inventory chart
Upgrade to Professional Plan to see Search Index trend.
Index chart
Upgrade to Professional Plan to see Clearance Rate trend.
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.

Have a question? You can either leave a comment below or post it on our forum.

0 thoughts on “Spreyton, TAS 7310”

  1. The total adult population (15 years or older) of Spreyton 7310 TAS is 1,534, with a median age of 41. Of those, 50.26% are married, 13.69% are divorced or separated, 32.01% are single and 4.17% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $7,236. The median monthly mortgage repayment for households in this suburb is $1,302 which is 17.99% of their earnings.

    Source: ABS Census Data (2021)

  2. Spreyton, a suburb magnet of 1024 households is comfortably nestled within the confines of TAS. Fast forwarding to Q3 of 2023, a typical house in Spreyton is estimated to cost around $682,417 with a median weekly rent of approximately $460. This results in an indicative yield of 3.51%, an attractive prospect for cashflow-focused property investors, breaching the minimum market requirement of a 3% yield.

    With a socio-economic score of 939 out of 1217, Spreyton exhibits reasonably strong social and economic conditions. The suburb possesses a renter-to-owner ratio of 16%, well below the 30% threshold identified as favourable for long-term returns. This suggests a significantly low renter saturation, which among other benefits, reduces investor competition and enhances the appeal of the neighbourhood. The units to houses ratio sits comfortably low at 14%, indicative of less severe rental competition and a suburb vibe that fosters longer tenancy terms, often led by families.

    Affordability, often a crucial deciding factor, remains a little challenging within this suburb with the ‘Years to Own’ metric pacing at a high of 38 years. This exceeds the desired threshold of 30 years, indicating decreased affordability and gatekeeping some potential investors.

    Moving onto supply-side metrics, the stock on market Percentage stands at a balanced 0.5%. This neutral range conveys a well-moderated supply rate, warding off risks related to property oversupply or undersupply. The inventory for houses averages 1.55 months, indicating a low supply market, hence aligning favorably for potential investors. The building approvals Ratio, signposting upcoming supply, stands at 0.5%, a low-supply indicator, further making the case for investment in Spreyton.

    On the demand side, the average number of days properties remain ‘for sale’ on the market, or days on market (DoM), is 74. Although a little high, it falls short of the high-demand threshold of 90 days. Spreyton’s Vacancy Rate, a reflection of the competition among renters, measures at a pleasantly low 1.19%, elucidating high demand. Also noteworthy is the buy search index for houses, showcasing average demand at a value of 3.

    To summarise, while some metrics in Spreyton fall within less favourable ranges such as ‘Years to Own’, many other signs convey a favourable draw for property investment; for instance, low renter saturation and unit proportion, moderate supply and market absorbency, and high rental yield and demand. As notable as these figures are, the trends they set are equally important and investors are advised to keep tabs on the evolving market data. Remember, HtAG Analytics’ RCS (Relative Composite Score) could be your handy aid in automating such research.

    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.

Leave a comment