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Evandale, TAS 7212

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 Evandale, TAS 7212 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

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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 “Evandale, TAS 7212”

  1. The total adult population (15 years or older) of Evandale 7212 TAS is 1,096, with a median age of 53. Of those, 51.82% are married, 14.87% are divorced or separated, 26.28% are single and 7.12% are widowed.

    The average household size is 2.2 people per dwelling, and the median household monthly income is estimated to be $6,220. The median monthly mortgage repayment for households in this suburb is $1,300 which is 20.90% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in Tasmania, the charming suburb of Evandale 7212 is home to an estimated 662 households. Delving into the property market for Q3 of 2023, houses in Evandale are typically priced at $662,725 and carry a median weekly rent of $452. This paves the way for a strong indicative yield of 3.55%, which surpasses the minimum 3% threshold and is therefore conducive for property investors seeking cashflow-focused ventures.

    The socio-economic conditions in Evandale, as measured by the IRSAD score, indicates that the suburb has a fairly robust score of 971 out of 1217. This suggests that the locale is infused with reasonably high income levels and access to economic resources, which is a positive factor for property investors.

    Drilling into the property investment landscape of the suburb, Evandale has a relatively low renter to owner ratio of 16% and a low units to houses ratio of 7%, positioning it as a less competitive and thus, a potentially more lucrative market for landlords. It is noteworthy that suburbs which have a higher number of houses compared to units generally draw in more families seeking longer tenancy periods.

    However, the suburb’s affordability index paints a more challenging picture, indicating that it may potentially take 42 years to fully own a property. This exceeding the favourable threshold of 31 years, suggesting that affordability might be a concern in this area.

    With regards to supply, the stock on market Percentage of houses in Evandale is a moderate 0.48%. Similarly, the inventory level for houses stands at 1.8 months, reflecting that the market leans more towards favourable conditions with a low supply stance. On the flipside, the suburb shows a notably high building approvals Ratio for houses at 3.02%, suggesting an increased supply of new dwellings, which can lead to unfavourable market conditions if not balanced with demand levels.

    Digging into demand metrics, Evandale showcased a days on market value of 124 for houses, a figure which is well above the favourable threshold of 35 days, pointing to a slightly sluggish market demand. However, the suburb’s vacancy rate offers a brighter outlook, being at a low 0.94% indicating a high demand zone. Meanwhile, the buy search index for houses was relatively neutral at the value of 4.

    With a spectrum of metrics in both the favourable and unfavourable zones, Evandale 7212 yields a mixed bag for property investment. Indeed, the area exhibits promising returns in terms of rental yield and low vacancy rates, but simultaneously presents increased supply risk and decreased affordability. It is, therefore, incumbent on potential investors to analyse a comprehensive range of metrics, as well as to stay updated with market trends for a balanced investment decision. Turns to tools like the RCS (Relative Composite Score) developed by HtAG Analytics can offer valuable data-driven insights for more proficient property investment.

    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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