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.
How to use this Dashboard
This interactive dashboard illustrates the trends for key real estate metrics in the area. Use these metrics to determine potential return on investment from this property market and its’ sub-markets.
Upgrade to Personal Plan to unlock the trend forecast section on the Price, Rent & Yield graphs.
Get the Professional Subscription to see trends for advanced metrics such as Buy & Rent Search Index that indicate real estate demand and supply in this LGA.
Property Market in 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.
Approximately 4000 people live in West Coast (M) area in roughly 3000 dwellings, with the average household size of around 2.1 people.
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.
The main retailers are Evans & Sons – Queenstown Marketplace, Riteway Supermarkets, IGA Supermarkets, Coles, Woolworths, Alps & Amici.
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.
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.
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