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Glengarry, TAS 7275

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 Glengarry, TAS 7275 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 “Glengarry, TAS 7275”

  1. The total adult population (15 years or older) of Glengarry 7275 TAS is 447, with a median age of 46. Of those, 53.02% are married, 11.63% are divorced or separated, 33.11% are single and 2.46% are widowed.

    The average household size is 2.7 people per dwelling, and the median household monthly income is estimated to be $6,276. The median monthly mortgage repayment for households in this suburb is $1,350 which is 21.51% of their earnings.

    Source: ABS Census Data (2021)

  2. The locale of Glengarry, postcode 7275 and set in the verdant state of Tasmania, is a close-knit community composed of an estimated 232 households. As we moved into the third quarter of 2023, the residential market in this area showcases house prices averaging at a comfortable $920,317. With a median weekly rental asking price of approximately $214, the indicative yield for real estate investments in the area is approximately 1.21%

    The socio-economic status of Glengarry is reflected in an IRSAD score of 970 out of 1217, indicating an area with comparatively robust economic resources, sustained income levels and a presence of skilled professions among its populace. This suburb also sees a homeowner majority, with a renter to owner ratio of a mere 8%, adding to the area’s appeal for its compositional stability. Furthermore, Glengarry avoids market oversaturation presented by apartments or units. The market here is purely house-centric, with a units to houses ratio standing at 0%.

    However, affordability over the years seems somewhat strained in this suburb, with a calculated affordability index of 57 years required to fully own a property, assuming a standard 30-year mortgage. It’s an important factor potential investors need to be cognisant of.

    In terms of supply metrics, the area counters the affordability debate with a percentage of unsold house inventory on the market marked at only 0.43%, suggesting a low supply scenario that benefits sellers. Despite this, the measured inventory level for houses is relatively high, estimated at 12.0 months, which indicates a slower absorption rate of new listings in the property market. Meanwhile, the building approvals ratio maintains a favourable position at 1.29%, suggesting a practical level of available new dwelling stock entering the market.

    Investigating further into demand metrics, houses in Glengarry typically remain active in the sales listings for an average of 49 days, and the vacancy rate, which impacts both units and houses combined, sits at a slightly inflated rate of 5.26%. This pair of metrics paint a picture of moderate demand. However, the buy search index offers a more optimistic view at a level of 4, testing close to the state average for interest in purchasing properties.

    Despite some figures testing unfavourable boundaries, the combination of metrics representing Glengarry’s property market maintains a promising outlook overall. It is essential in property market analytics to consider the holistic picture and not make conclusions purely based on singular metrics. The RCS method by HtAG Analytics provides an automated and robust research tool, considering over 80 metrics to ensure a comprehensive analysis and valuable insights.

    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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