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Lewisham, TAS 7173

Home » TAS Real Estate Data » Sorell Council, TAS » Lewisham, TAS 7173

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 Lewisham, TAS 7173 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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Buy 

1BR

2BR

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Rent 

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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 “Lewisham, TAS 7173”

  1. The total adult population (15 years or older) of Lewisham 7173 TAS is 681, with a median age of 46. Of those, 48.75% are married, 14.83% are divorced or separated, 31.28% are single and 5.43% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $8,032. The median monthly mortgage repayment for households in this suburb is $1,517 which is 18.89% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled in the state of Tasmania, the suburb of Lewisham 7173 is estimated to be home to around 428 households. By the third quarter of 2023, typical house prices in Lewisham 7173 have been documented at around $828,126 with a median weekly rent of $485. Notably, these numbers contribute to a favourable indicative yield of 3.03%, surpassing the 3% market requirement attractive to those property investors focusing on cash flow.

    Investigating the fundamental metrics, Lewisham boasts an IRSAD score of 973 out of a possible 1217, offering an indication of the residents’ fairly high socio-economic status. The suburb features a low renter to owner ratio of just 10%, suggesting a stable property market with lower risk and less competition among landlords. The units to houses ratio stands at a reassuring 0%, indicating that the property market is not over-saturated with units and should therefore maintain higher rental yields.

    However, prospective buyers should note the affordability index of 40 years, indicating that it may take an extended period to fully own a property in this area, a figure somewhat higher than the typical 30-year mortgage.

    Looking into supply metrics, the stock on market Percentage for houses is 0.47%, falling into the neutral range. The inventory level is situated at a favourable 1.71 months, reflecting a market that positively absorbs new listings. However, the building approvals ratio stands at 0.0%, indicating a low supply of new dwellings in the area.

    In terms of market demand, houses in Lewisham 7173 tend to stay on the market for an average of 110 days, somewhat higher than the favourable range of 35 days or below, which could suggest lower demand. Nevertheless, the suburb has a moderate vacancy rate of 2.33%, falling within the neutral demand range. The buy search index for houses is at 3, standing in the lower end of the spectrum, which may suggest limited demand.

    While some metrics, such as affordability index and days on market, sit in unfavourable ranges, the majority of metrics for Lewisham 7173 are favourable. Thus, it’s prudent to keep in mind that the overall market dynamics are more important than individual metrics. The newly developed Relative Composite Score (RCS) by HtAG Analytics, which includes analysis of over 80 metrics, could prove to be a beneficial tool in simplifying property market research.

    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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