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Cressy, TAS 7302

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 Cressy, TAS 7302 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 “Cressy, TAS 7302”

  1. The total adult population (15 years or older) of Cressy 7302 TAS is 920, with a median age of 38. Of those, 47.93% are married, 10.54% are divorced or separated, 37.28% are single and 4.46% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $6,832. The median monthly mortgage repayment for households in this suburb is $1,200 which is 17.56% of their earnings.

    Source: ABS Census Data (2021)

  2. Homes in the suburb of CRESSY 7302, located in Tasmania, are being sold for approximately $462,290 with a median weekly rent of $410, corresponding to an indicative yield of 4.62%. With 533 households, CRESSY is an enticing suburb that holds potential for property investors.

    The socio-economic status of this suburb, indicated by an IRSAD score of 918 out of 1217, suggests its residents are fairly well-off, with access to a reasonable level of economic resources, and likely maintains a skilled professional class. In addition, the renter to owner ratio stands at 25%, significantly under the 30% threshold that makes an area favourable for investments.

    In terms of property type, the area is primarily dominated by houses, having only a unit to house ratio of 3%, reinforcing the suburb’s appeal for families and long-term tenants, ultimately leading to a less saturated rental market.

    In the context of affordability, the index is placed at 28 years, within the favourable range, implying a comparatively high level of affordability among its residents.

    Turning to supply metrics, the stock on market percentage and the building approvals ratio are at 0.56% each. Both these values fall within the neutral range, indicating a balanced supply. The inventory level for houses is 2.4 months, falling within the favourable range reflecting a low supply market.

    For demand metrics, CRESSY showcases an average of 75 days on market for houses, which, albeit above the ideal range, is still within acceptable levels. The vacancy rate, combining both houses and units, stands at 1.52%, signifying a high demand due to lower supply. However, a buy search index of 3 for houses may indicate somewhat limited demand.

    Although inventory, stock on market percentage, and building approval ratios for houses are slightly high, the majority of key metrics such as IRSAD score, renter to owner ratio, unit to house ratio, and affordability index remain in favourable ranges.

    To summarise, the property market of CRESSY 7302 has several points of consideration for potential investors, and it’s crucial to keep a keen eye on market trends and evolving real estate data for informed investment decisions. Remember, investing in real estate is not always about immediacy, but about potential and planning for the future.

    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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