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Perth, TAS 7300

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 Perth, TAS 7300 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 “Perth, TAS 7300”

  1. The total adult population (15 years or older) of Perth 7300 TAS is 2,808, with a median age of 39. Of those, 48.43% are married, 14.39% are divorced or separated, 32.30% are single and 4.63% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $7,128. The median monthly mortgage repayment for households in this suburb is $1,317 which is 18.48% of their earnings.

    Source: ABS Census Data (2021)

  2. Perth 7300 is a suburb located in Tasmania, composed of an estimated 1,690 households. This analysis takes a closer look at the property market in Perth 7300 for the third quarter of 2023, focusing particularly on houses.

    The typical prices for houses in Perth 7300 is currently at $666,886. Renters can expect a median weekly rental cost around $469. This combination of property cost and rent establishes an indicative yield of 3.66%, making this suburb an attractive market for cashflow-driven property investors.

    Diving into the socio-economic aspects of Perth 7300, the suburb has a relatively solid Index of Relative Socio-economic Advantage and Disadvantage (IRSAD) score of 936 out of 1217. This score suggests beneficial socio-economic conditions prevalent in the suburb.

    The suburb presents promising dynamic between renters and owners. The renter to owner ratio stands at a modest 18%, which is largely favourable reflecting a property market not oversaturated with rental properties. This reduces risk and competition for prospective property investors.

    The units to houses ratio is recorded at just 14%, indicating a lower prevalence of units (including apartments and flats). This minimises competition amongst landlords for tenants, potentially securing higher rental yields and longer tenancy periods.

    The suburb’s affordability index sits at 37 years, suggesting decreased affordability in the area when considering factors such as mortgage rates, median family income and typical property prices.

    Perth 7300’s property market demonstrates a balanced blend of supply and demand metrics. The stock on market percentage is at a neutral level of 0.48%, alongside a favourable inventory at 1.8 months, signifying a relatively low supply market. building approvals Ratio for houses is 1.04%, signifying average supply market conditions.

    Days on the market is taken into account as an essential demand metric. Houses in this suburb remain on the market for an average period of 73 days, indicating a neutral demand. Suburb’s vacancy rate, combining both houses and units, stands at 2.97% – a moderate vacancy rate implying a balanced demand.

    Furthermore, the property market sees a buy search index for houses at 3, representing limited demand in online searches compared to the Tasmanian average.

    In making an investment decision in a suburb like Perth 7300, it is crucial to consider these metrics and their trend over time. Keep in mind that some metrics may fall within unfavourable ranges while others are within favourable ranges – their combination and trend will provide a comprehensive understanding and insights of the market potential. For an organised, automated analysis of these metrics, consider utilising resources like the Relative Composite Score (RCS) developed by HtAG Analytics that employs 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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