West Coast Council, TAS

The West Coast LGA is an up-and-coming hotspot for property buyers. It boasts beautiful beaches, beautiful views, and a lower cost of living. With high demand for housing properties in the area, there are many opportunities to invest in this market segment.

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The West Coast has always been attractive for its natural beauty, but the economy has also seen growth in recent years due to effective planning and development strategies, resulting in a thriving market with plenty of opportunities at both ends of the spectrum: from high density residential living through to luxurious holiday homes.

West Coast Tasmania is also an ideal place for eco-lifestyle enthusiasts and travelers due to low environmental impact and high level of conservation. The proximity to Hobart gives residents access to a range of work opportunities and the outdoors provides beautiful views that add value to any property.

The West Coast Tasmanian real estate market has been experiencing a boom as the property prices have been increasing steadily due to a significant increase in demand. Investors see this potential and purchase property before it becomes too expensive.

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Capital Growth Heatmap

Property Market Snapshot

This page provides an overview of the LGA real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this council area. You are able to drill down to suburb-level data and charts which visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Typical Price for houses in this council area. Percent changes indicate Year on Year growth or decline in house values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.

Rent 

2BR

3BR

4BR

5BR

Median Weekly Rent for houses in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.

Yield 

2BR

3BR

4BR

5BR

Yearly Gross Yield for houses in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for houses.

Buy 

1BR

2BR

3BR

Typical Price for units in this council area. Percent changes indicate Year on Year growth or decline in unit values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.

Rent 

1BR

2BR

3BR

Median Weekly Rent for units in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.

Yield 

1BR

2BR

3BR

Yearly Gross Yield for units in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for units.

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This chart illustrates historical and projected quarterly typical price and number of sales, which are depicted as blue lines and green bars respectively. Council areas with average sales above 30/quarter and suburbs with sales above 7/quarter commonly produce high confidence forecasts.
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This chart shows historical and projected median rent and number of rentals, depicted as red lines and grey bars respectively. In many markets Rent prices lag the Typical Price by 1-2 years.
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This chart presents the gross rental yield, which is the value you generate from an investment property, represented as a percentage. The higher the percentage the better. Yield that is trending down frequently highlights a high demand market.
Upgrade to Personal Plan to see Yield data.
Yield chart
This graph represents the dwelling demand profile for the LGA/suburb, which tends to correlate with the tenant preference for property type and number of bedrooms. Target dwelling type and number of bedrooms with the highest number of sales.
Upgrade to Starter Plan to see Demand Profile data.
Demand chart
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The chart below shows the proportion of units to houses in this area. Generally speaking the fewer units there are, the better.
unit to houses pie charts
The pie chart below shows the percentage of renters to owners in an area. Generally speaking the more owners the better.
Renters to owners pie chart
The chart below shows the IRSAD score for the area. IRSAD stands for the Index of Relative Advantage and Disadvantage. The higher the index, the more well off the population is in the area.
Upgrade to Starter Plan to see IRSAD data.
IRSAD chart
This graph shows online search interest for sale and rent listings. The black line(s) represents the search index, which is the ratio of LGA/suburb searches to the state average. Value of 5 signifies that Buy/Rent searches are at state average. Be wary of areas with SI below 3.
Upgrade to Professional Plan to see Buy & Rent Search Index data.
Index chart
This chart plots the annual percent change in typical prices for all suburbs in this LGA. Suburbs that cross the red (zero) line more than 3 times present poor capital growth opportunities.
Upgrade to Professional Plan to see Growth Rate Cycle data.
GRC chart

Confidence: High, Medium, Low

Supply

Stock on Market

Inventory

Hold Period

The most important metric for understanding the supply of homes in a given market. Stock on Market (SoM) is represented by bars which show the number of listings per month, and by a line which indicates the percentage of listed homes compared to the total number of dwellings in the area (SoM Percentage). A higher stock on market indicates a greater supply of properties.
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SOM chart
Inventory levels indicate the amount of stock available in relation to average monthly sales. Inventory levels above 3 months indicate a sizeable amount of stock available, while lower levels indicate diminishing supply. Decreasing inventory level trend can signal that prices may increase in the future.
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Inventory chart
Average number of years properties are re-sold in the area. The higher the value, the lower is the supply in the property market. Changing trend can act as a lead indicator to price increases / decreases.
Upgrade to Professional Plan to see Hold Period trend.
Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

The Days on Market metric shows how long, on average, it takes for listed properties to be sold. A higher number of days means that there is less demand for properties. Measured in days.
Upgrade to Professional Plan to see Days On Market trend.
DOM chart
Monthly vacancies (bar) and Vacancy Rates (line) in the area. Vacancy rates serve as a rental market demand indicator. Lower vacancy rates point to greater demand in the rental market. Decreasing vacancy rates can act as a lead indicator to both rental and sale price increases.
Upgrade to Professional Plan to see Vacancy Rate trend.
Inventory chart
Auction clearance rates in the area. The higher the clearance rate, the greater is the demand in the market. This metric is most useful at LGA level. Some high density suburbs with active markets can also have good quality clearance rate data. However, this metric is somewhat sparse for 80% of suburbs.
Upgrade to Professional Plan to see Clearance Rate trend.
Auction chart

All Supply / Demand cards and graphs on this page are published under a preliminary Beta release.
You’re welcome to leave your feedback on our forum.

Property Market in West Coast Council, TAS

What other property markets are there near West Coast Council, TAS?

West Coast Council is surrounded by 7 other council areas – Circular Head, Derwent Valley, Huon Valley, Central Highlands, Kentish, Waratah-Wynyard, Meander Valley.

How many people live in West Coast Council, TAS?

Approximately 4000 people live in West Coast (M) area in roughly 3000 dwellings, with the average household size of around 2.1 people.

What are current and planned infrastructure projects in West Coast Council, TAS?

The West Coast Council area is mainly rural, with some urban areas in the small townships of Queenstown, Rosebery, Strahan, Tullah and Zeehan. Forestry, fishing, mining and tourism are important industries over here.

What major retailers are there in West Coast Council, TAS?

The main retailers are Evans & Sons – Queenstown Marketplace, Riteway Supermarkets, IGA Supermarkets, Coles, Woolworths, Alps & Amici.

What is the main industry in West Coast Council, TAS?

The West Coast Council area is mostly rural but does have some of the most beautiful towns on the coast of Tasmania. Forestry, fishing, mining and tourism all contribute to this region maintaining a healthy economy.

What are the dominant demographic groups in West Coast Council, TAS?

Among approximately 4,000 people in West Coast (M) males and females make up to roughly 52% and 48% respectively. The median age is 44 years. The population is ageing faster than the birth rate. The number of children under the age of 15 is 17.1% of the population while people over 65 are 18.5% of the population.

How is unemployment rate trending in West Coast Council, TAS?

Among approximately1,500 people employed, 59% work full-time and 39% part-time.

Suburbs/localities in this Local Government Area: Gormanston 7466, Granville Harbour 7469, Lake Margaret 7467, Macquarie Heads 7468, Queenstown 7467, Renison Bell 7469, Rosebery 7470, Strahan 7468, Trial Harbour 7469, Tullah 7321, Zeehan 7469

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