Fraud Blocker

Hillcrest, TAS 7320

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 Hillcrest, TAS 7320 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™

Upgrade to Professional Plan to see the score

Capital Growth RCS™

Upgrade to Professional Plan to see the score

Cashflow RCS™

Upgrade to Professional Plan to see the score

FREE Investment Property Checklist

Secure your golden ticket to property investment success! Get our meticulously crafted Property Investment Checklist upon subscribing to our newsletter. It’s jam-packed with valuable insights from prime locations to specific building nuances.

Essentials
No Price Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

No Rent Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

Upgrade to Personal Plan to see Yield data.
Yield chart
Upgrade to Professional Plan to see Growth Rate Cycle data.
GRC chart
Fundamentals
Upgrade to Personal Plan to see IRSAD data.
IRSAD chart
Upgrade to Personal Plan to see U|H and R|O data.
Renters to owners pie chart
Upgrade to Personal Plan to see U|H and R|O data.
unit to houses pie charts
Upgrade to Personal Plan to see Demand Profile data.
Demand chart
Upgrade to Professional Plan to see Affordability Index data.
Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

Upgrade to Professional Plan to see Stock On Market trend.
SOM chart
Upgrade to Professional Plan to see Inventory trend.
Inventory chart
Upgrade to Professional Plan to see Building Approvals trend.
Inventory chart
Upgrade to Professional Plan to see Hold Period trend.
Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

Upgrade to Professional Plan to see Days On Market trend.
DOM chart
Upgrade to Professional Plan to see Vacancy Rate trend.
Inventory chart
Upgrade to Professional Plan to see Search Index trend.
Index chart
Upgrade to Professional Plan to see Clearance Rate trend.
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.

Have a question? You can either leave a comment below or post it on our forum.

0 thoughts on “Hillcrest, TAS 7320”

  1. The total adult population (15 years or older) of Hillcrest 7320 TAS is 873, with a median age of 36. Of those, 32.42% are married, 18.79% are divorced or separated, 42.84% are single and 5.27% are widowed.

    The average household size is 2.2 people per dwelling, and the median household monthly income is estimated to be $5,652. The median monthly mortgage repayment for households in this suburb is $953 which is 16.86% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled in the state of Tasmania, the suburb of Hillcrest, with a postcode of 7320, is a charming and relatively small neighbourhood with an estimated 557 households. As we delve into the third quarter of 2023, the property market characteristics of this locale paint an interesting picture for potential house buyers as well as property investors.

    Typical house prices in Hillcrest are holding steady at $390,701. This, combined with the median weekly rent of $350, bestows an indicative yield of an attractive 4.66%, well exceeding the minimum yield of 3% usually sought by cashflow-centered property investors. This suggests that Hillcrest could be a profitable location for property rental business.

    The suburb is home to a vibrant community with an IRSAD socio-economic score of 827 out of 1217. This indicates a relatively decent access to economic resources among the populace. On the rental front, Hillcrest’s renter to owner ratio is at 40%, pointing towards a significant presence of long-term occupants, resulting in a stable investment environment.

    Moreover, the unit to house ratio in the locale is just 8%, well below the upper limit of the favourable range of 50%. This low ratio indicates that homeowners dominate in Hillcrest, reducing competition for tenants among landlords, thereby fostering a conducive environment for property investors seeking sustainable rental yields.

    From the purchasing perspective, the affordability index of Hillcrest stands at 27 years, suggesting greater than average affordability among residents, given the years to own value is below 30.

    Regarding the supply side, the stock on market percentage is clocking 0.57%, slightly above the ideal low supply marker of 0.4%. Meanwhile, the inventory level indicates a favourable seller’s market, with houses being sold within 1.8 months of listing on average, indicating robust demand to absorb the available stock.

    Remarkably, the building approvals Ratio for houses is at 0%, indicating stability in existing housing supply with no new influx of dwellings being approved for construction.

    In terms of demand parameters, Hillcrest’s average days on market (DoM) for houses stands at 39 days, just a little over the threshold for high-demand locations. Together with a favourable vacancy rate of 1.8% for combined houses and units, this speaks of a conducive match of rental supply and demand in the suburb. Moreover, a buy search index value at 4 suggests a reasonable demand for properties in Hillcrest.

    In conclusion, while Hillcrest has a few metrics that are not in the ideal range, it holds a promising array of favourable attributes for property investors and homebuyers alike. A watchful eye on evolving market trends, validated by tools such as the RCS offered by HtAG Analytics, will be crucial in fully capitalising on the opportunities hinted at by these Q3 2023 reports.

    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.

Leave a comment