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Mole Creek, 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 Mole Creek, 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 

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 “Mole Creek, TAS 7304”

  1. The total adult population (15 years or older) of Mole Creek 7304 TAS is 456, with a median age of 51. Of those, 45.18% are married, 14.04% are divorced or separated, 35.75% are single and 7.68% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $5,028. The median monthly mortgage repayment for households in this suburb is $1,083 which is 21.54% of their earnings.

    Source: ABS Census Data (2021)

  2. Positioned within Tasmania, MOLE CREEK 7304 is a charming suburb that boasts approximately 302 households. Entering the third quarter of 2023, the typical property price for houses within the area stands at $707,945. With a median weekly rent estimated at $401, property owners yield an indicative return of approximately 2.95% within this market. This yield falls slightly beneath the 3% attractiveness threshold, thus prompting prospective cashflow-focused investors to perform further comparative analyses.

    Having a socio-economic rating of 903 out of the possible 1217, MOLE CREEK displays a relatively positive standing in terms of community wealth and resource accessibility. Additionally, the rental market is not overly saturated with a renter to owner ratio of just 10%, suggesting healthier returns over the long term and lower competition with fellow investors.

    Within the MOLE CREEK property market, the presence of units is non-existent, reiterated by a measurement of 0% in the unit to houses ratio. This might reflect a favourable rental dynamic for landlords, as competition for renters is predominantly amongst house owners. Moreover, longer tenancy periods are common in a predominantly houses market, enhancing the security of ongoing rental payments.

    Nonetheless, property affordability is somewhat strained with a calculated index of 55 years to fully own a house; this is quite beyond the standard 30-year expectation, which might deter some potential property buyers. This, in fact, may offer a silver lining for investors seeking steady rental income, as high property prices can drive more people into the rental market.

    When it comes to supply, a stock on market percentage of 0.66% suggests a neutral market environment. This is corroborated by the inventory level clocking in at just over 2.67 months. However, a building approval ratio standing at 0.33% may hint at the possibility of increased housing stock in the future.

    The demand for properties is a little on the low end, suggested by the extended average of 285 days on market for listed properties. Meanwhile, the buy search index, resting at an average value of 5, neither suggests a high nor drastically low demand in the market.

    The vacancy rate for properties sits at 3.33%, a neutral figure but does not necessarily indicate high or low demand.

    In summary, MOLE CREEK 7304 presents a variety of metrics that may entice specific investor types. Despite some challenges, like slightly lower indicative yield and high years to own, the stable and balanced metrics in several areas may offer room for optimistic returns on investment, especially amongst cashflow-centric investors. Using comprehensive metrics like the RCS, HtAG Analytics empowers investors to make informed decisions based on over 80 data points.

    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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