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Bagdad, TAS 7030

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 Bagdad, TAS 7030 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 “Bagdad, TAS 7030”

  1. The total adult population (15 years or older) of Bagdad 7030 TAS is 1,164, with a median age of 38. Of those, 43.47% are married, 12.46% are divorced or separated, 41.58% are single and 3.35% are widowed.

    The average household size is 2.8 people per dwelling, and the median household monthly income is estimated to be $6,792. The median monthly mortgage repayment for households in this suburb is $1,341 which is 19.74% of their earnings.

    Source: ABS Census Data (2021)

  2. Overview: The charming suburb of Bagdad, postcode 7030, is nestled within the borders of Tasmania and hosts a modest 612 households. It offers investors an inviting prospect with its steady growth and accessible property market, which has fared reasonably well as we edge towards the end of 2023.

    Property Market Statistics: As we cruise into the third quarter of 2023, Bagdad’s property values linger around the $723,667 mark for houses. The corresponding median weekly rent for these homes hang around $459. These parameters blend to prepare an indicative yield of approximately 3.3%. This figure provides a satisfactory margin above the minimum investment threshold of 3%.

    In terms of overall socioeconomic wellness, the suburb holds an IRSAD score of 900 out of 1217. This score suggests a stable environment backed by sound economic access and a skilled workforce. The renter to owner ratio in Bagdad is currently as low as 10%, reinforcing a strong presence of owner-occupiers that imply steady neighbourhood vibe and lower competition for property investors. Reinforcing this sentiment, the units to houses ratio pairs at a low 1%, suggesting a primarily house-dominant market with longer tenancy periods and less competition among landlords.

    Delving into the affordability facet, it’s worth flagging that a purchaser would require around 42 years to fully own a property in Bagdad – interpreted, this is above the standard 30-year mortgage plan. Although this metric may project a sense of reduced affordability in the area, it’s integral to remember that not all considerations can always be in favour.

    Turning towards supply metrics, Bagdad displays a stock on market Percentage for houses of 0.65%, and an inventory level of around 2.4 months. Both these readings fall within the neutral range, indicating a balanced market without any signs of oversupply or under supply.

    On the other hand, the building approvals ratio for houses in Bagdad is 0.0%; this low BA Ratio signals limited upcoming supply that could result in increased property prices in the near future.

    In terms of demand, houses average about 124 days on market (DoM). This docket suggests a relatively low demand but does not necessarily underline an unprofitable investment. Conversely, the vacancy rate, blending both houses and units, stands at 1.64%, indicating a high demand for rental properties.

    Lastly, with a buy search index of 4 for houses, Bagdad shows a steady interest from potential buyers. However, bringing in the central metric – the Relative Composite Score (RCS) can help provide a balanced evaluation of Bagdad’s property market potential since it uses a combination of over 80 metrics to automate broader research.

    In a nutshell, Bagdad holds a strong property market appeal, despite a few metrics stretching into the counterproductive zone. Like every property market analysis, understanding the overall trends and watching for market developments remains crucial in making profitable investment decisions.

    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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