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Carrick, TAS 7291

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 Carrick, TAS 7291 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 “Carrick, TAS 7291”

  1. The total adult population (15 years or older) of Carrick 7291 TAS is 573, with a median age of 39. Of those, 48.52% are married, 12.57% are divorced or separated, 34.03% are single and 4.36% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $8,284. The median monthly mortgage repayment for households in this suburb is $1,517 which is 18.31% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Carrick, 7291, situated in TAS, is a cosy neighbourhood, estimated to have 353 households. In coming to the third quarter of 2023, house prices in Carrick stand averagely at $707,932. With the median weekly rent set at $562, the indicative yield for property owners is an attractive 4.13%, above the minimum market requirement of 3% and offers a promising return for cash-flow-focused investors.

    Carrick’s impressive socio-economic status is reflected in its IRSAD score of 975 out of 1217, suggesting that residents have good accessibility to financial resources, possibly earning above-average incomes and occupying proficient occupations.

    Another sign of this suburb’s strength lies in its low renter to owner ratio at 15%, significantly below the 30% benchmark. This favourable metric indicates the prevalence of property owners over renters, a condition that could enhance the neighbourhood’s appeal and mitigate the risks often associated with rental-market saturation.

    Furthermore, the units to houses ratio in Carrick stands at a modest 2%, significantly below the 50% threshold. This low ratio suggests a premium on houses over units, which can likely maintain high rental yields due to lesser competition among landlords. It’s also an appealing factor for families, who prefer houses over units and generally have longer tenancy periods.

    However, the affordability index for houses in Carrick is somewhat stretched at 33 years, exceeding the standard 30-year mortgage period, and pointing to diminished affordability in the area.

    Looking at the supply side, the stock on market Percentage for houses is 1.27%, a neutral level that falls within the 0.4% – 1.3% threshold. Meanwhile, the inventory level for houses is at an unfavorable 6.0 months, indicating a slower absorption of new listings.

    Despite this, the building approvals Ratio for houses stands significantly high at 7.23%, an indication of substantial new dwelling supply in the pipeline which could dilute market conditions in the future.

    On the brighter side, average days on the market for houses in Carrick is at a low 23 days, suggesting high demand relative to supply. Also, enhanced by the modest vacancy rate of 1.89%, the suburb shows a promising demand trend.

    Lastly, the buy search index for houses in Carrick is neutral at 4. This metric suggests that while demand is not exceptionally high, it’s not in the doldrums either.

    To sum up, while there might be metrics in their unfavourable ranges, majority of other metrics for Carrick are quite favourable. Therefore, it’s essential to view these metrics in light of the larger property market performance, making use of tools like the RCS (Relative Composite Score) by HtAG Analytics for a comprehensive view 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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