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Lanena, 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 Lanena, 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 “Lanena, TAS 7275”

  1. The total adult population (15 years or older) of Lanena 7275 TAS is 299, with a median age of 57. Of those, 63.21% are married, 13.38% are divorced or separated, 20.40% are single and 3.68% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $5,852. The median monthly mortgage repayment for households in this suburb is $1,300 which is 22.21% of their earnings.

    Source: ABS Census Data (2021)

  2. Analysis: The suburb of Lanena, postcode 7275, is nestled within the region of Tasmania and is made up of around 170 households. As we enter the third quarter of 2023, an overview of the property market for houses in this suburb reveals some interesting trends.

    To start, the typical housing prices in Lanena are currently averaging $740,292. These homes are garnering a median weekly rental fee of $430, which corresponds to an indicative yield of 3.02%. This points towards a fairly cash flow positive investment market, which is crucial for investors focused on generating stable cash flow from their properties.

    The socio-economic status of the suburb is relatively high, with an IRSAD score of 1013 out of a possible 1217. This suggests that the area is inhabited by a demographic that enjoys relatively high income levels and adopts professional or skilled occupations.

    Investor competition in Lanena seems to be quite low, with renters only making up around 11% of residents, while the apartments, flats, studios, and units represent 0% of the housing stock. This opens up the potential for landlords to secure long-term tenants without much competition from an oversaturated rental market.

    The affordability index for homes in the area sits at 30 years, indicating a fairly high level of accessibility for potential homebuyers and a balanced market overall. The inventory level for homes is quite low at 1.33 months, and with a stock on the market percentage of 0.59% and a zero building approvals ratio for houses. This suggests a lower supply market favouring home sellers and landlords for achieving better capital gains or rental income.

    However, it is important to also consider the average days on market (DOM), which stands at 57 days. This indicates a moderate level of demand in the area. Adding to this, the relatively high vacancy rate of 11.11% indicates a higher level of competition among landlords in securing tenants, slightly tipping the scale to the renters’ advantage. The buy search index is at 4, which indicates a neutral demand for buying properties.

    While some metrics are in unfavourable ranges, the majority point to a potentially favourable real estate investment environment. A balanced review is necessary for a comprehensive understanding of the property market standings. The RCS from HtAG Analytics can further aid investors, incorporating data from over 80 metrics to streamline this process.

    In conclusion, Lanena 7275 in TAS exhibits promising signs for property investors, possessing a mix of favourable and moderate fundamentals and demand metrics. A low supply environment, coupled with a socioeconomically advantaged population, might offer opportunities for both property investors and homeowners seeking long term capital gains.

    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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