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Deloraine, TAS 7304

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 Deloraine, TAS 7304 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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Rent 

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Yield 

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3BR

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5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

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Yield 

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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 “Deloraine, TAS 7304”

  1. The total adult population (15 years or older) of Deloraine 7304 TAS is 2,594, with a median age of 50. Of those, 43.79% are married, 15.23% are divorced or separated, 32.04% are single and 9.02% are widowed.

    The average household size is 2.2 people per dwelling, and the median household monthly income is estimated to be $5,784. The median monthly mortgage repayment for households in this suburb is $1,203 which is 20.80% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in Tasmania, the suburb of DELORAINE (postcode 7304) is home to an approximate 1661 households. As we examine the third quarter statistics of 2023, we find that the typical house prices in this suburb are $522,481, with the median weekly rent standing at $437. This results in an indicative yield of 4.35%, an attractive proposition for cashflow-focused real estate investors as it exceeds the minimum viable market requirement of 3%.

    The socio-economic circumstances of the locale, as measured by the IRSAD score, maintains a respectable figure of 898 out of a possible 1217, indicating good socio-economic conditions. A closer look at the rental dynamics of DELORAINE shows the renter to owner ratio at 28%, which is comfortably within the favourable lower range, suggesting that the market isn’t oversaturated with rental properties. Additionally, the units to houses ratio of 6% is well below the favourable upper limit of 50%, showcasing a penchant for a market primarily consisting of houses over units.

    The affordability index reflects the number of years required to fully own a property, and for houses in DELORAINE, it stands at 35 years, which admittedly, indicates decreased affordability. However, supply metrics offer some relief to potential investors with a stock on market Percentage at a favourable 0.14% and inventory level for houses at a mere 0.5 months, indicating a market with less competition and healthy sales turnover.

    In bolstering these indicators, the building approvals Ratio for houses is 0.0%, which means there is no surge of new dwelling stocks in the market to potentially cause instability. Furthermore, properties do not linger long in the market, with a low 31 days being the average house’s duration on the market before sale.

    Demand factors for the suburb remain promising. The vacancy rate in DELORAINE, taking both houses and units into account, is 1.3%, demonstrating a low vacancy level and thus high demand. Moreover, the buy search index for houses in this precinct is 3, remaining within a reasonable range that indicates neither an overabundance nor a lack of demand.

    While certain metrics like the affordability index might be disenchanting, it’s essential to consider that other favourable conditions prevail in the suburb of DELORAINE. Furthermore, investors can employ tools like the RCS (Relative Composite Score) from HtAG Analytics that brilliantly simplifies this research using an amalgamation of over 80 metrics to understand the complete investment outlook.

    All said, the relatively strong investment yield, favourable socio-economic and rental dynamics, broadly favourable supply and demand indicators, and potential for both capital gains and positive cash flow make DELORAINE an appealing prospect for astute property investors.

    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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