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Primrose Sands, TAS 7173

Home » TAS Real Estate Data » Sorell Council, TAS » Primrose Sands, 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 Primrose Sands, 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.

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Yield 

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Buy 

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Rent 

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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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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM 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 “Primrose Sands, TAS 7173”

  1. The total adult population (15 years or older) of Primrose Sands 7173 TAS is 1,092, with a median age of 54. Of those, 40.48% are married, 22.44% are divorced or separated, 32.05% are single and 5.13% are widowed.

    The average household size is 1.9 people per dwelling, and the median household monthly income is estimated to be $5,168. The median monthly mortgage repayment for households in this suburb is $1,062 which is 20.55% of their earnings.

    Source: ABS Census Data (2021)

  2. The charming suburb of Primrose Sands, postcode 7173, is located within the scenic boundaries of Tasmania. The proud home to an estimated 1364 households, Primrose Sands presents an intriguing property market that’s well worth the attention of savvy investors and home-seekers alike.

    As we look at the stats of the third quarter of 2023, typical prices for houses in Primrose Sands stand at $521,005, attracting a median weekly rent of $381. This results in an attractive indicative yield of 3.8% that pleasantly surpasses the 3% threshold presenting an enticing prospect for those who are cashflow-centric in their property investments.

    Socio-economically, Primrose Sands tells a compelling story, punctuated by its IRSAD score of 872 out of a possible 1217. This indicates moderate access to economic resources, painting a picture of a community inhabited by a population with a decent income level. This, in turn, suggests stable rental income possibilities for investment properties.

    The property landscape in Primrose Sands is dominated by homeowners, with a renter to homeowner ratio of just 17%, well below the upper limit of 30%. The charting of this low ratio indicates that rental properties do not saturate the market, suggesting less competition among property investors for tenants.

    Adding to the allure of Primrose Sands is the incredibly low units to houses ratio standing at just 1%. This noticeably alleviates the risk of an oversupply of units diminishing rental yields and enhances the neighbourhood’s appeal to families and long-term tenants.

    However, it’s essential to note that houses in Primrose Sands might veer towards the less affordable side according to the affordability index, calculated at approximately 39 years to own. This metric nudges over the 31-year threshold, indicating decreased affordability in the area.

    In terms of supply, Primrose Sands boasts great strengths. With a low stock on market Percentage of 0.15% and an equally impressive inventory level at only 0.63 months, it indicates that homes are being snapped up swiftly as they enter the market. Furthermore, the building approvals Ratio for houses stands at a virtual 0.0%, suggesting a low supply of new dwelling stock coming into the market.

    On the demand front, the suburb tallies a 77-Day Average on Market for its houses, suggesting a somewhat neutral demand. However, the combined vacancy rate of 2.58% conversely suggests a strong demand.

    In closing, Primrose Sands presents a healthy property landscape. With a buy search index clocking in at 5, it aligns perfectly with the state or city average, marking a neutral interest in the area among prospective buyers.

    In summary, Primrose Sands ticks plenty of favourable boxes with its promising indicative yield, socio-economic score, low renter to owner and units to houses ratios, along with its low supply metrics. Despite a couple of neutral and unfavourable readings in terms of its affordability index, demand metrics, and Days on Market, the suburb is still worth considering for those who appreciate the value of a comprehensive, data-driven approach. Last but not least, don’t forget to utilise the HtAG Analytics RCS (Relative Composite Score) for a more automated, efficient analysis.

    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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