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Parklands, 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 Parklands, 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

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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 “Parklands, TAS 7320”

  1. The total adult population (15 years or older) of Parklands 7320 TAS is 714, with a median age of 41. Of those, 38.94% are married, 16.25% are divorced or separated, 38.24% are single and 6.58% are widowed.

    The average household size is 2.1 people per dwelling, and the median household monthly income is estimated to be $7,848. The median monthly mortgage repayment for households in this suburb is $1,230 which is 15.67% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled in the region of Tasmania, the suburb of Parklands, 7320, is a modest community housing approximately 479 households. In the third quarter of 2023, the typical house pricing in Parklands was reported to be around $533,887. Houses in this locale fetch a median weekly rent of $395, producing an indicative yield of 3.85%.

    The suburb oppresses an Index of Relative Socio-economic Advantage and Disadvantage (IRSAD) score of 982 out of 1,217. This denotes a relatively favourable socio-economic status, with access to economic resources and a substantial occurrence of skilled professions.

    The renter to owner ratio stands at 28%. This is an inviting landscape for potential property investors looking for markets that are not overly fraught with rental properties and simultaneously present decent returns. The units to houses ratio, underlining the proportion of apartment-style living spaces to family houses, stands impressively low at 2%. This statistic is generally seen in areas that attract more families who prefer longer tenancy periods, reducing competition amongst landlords and maintaining optimal rental yields.

    Parklands exhibits a conducive affordability index of 27 years. This metric indicating the time required to fully own a property demonstrates a higher than average degree of affordability in the area.

    Supply metrics identify the stock on market percentage for houses at a favourable 0.23% and inventory levels at a modest 1.2 months of houses in stock. Furthermore, the building approvals ratio, a key indicator of new housing supply, stands at a negligible 0.0% for houses.

    Despite these encouraging numbers, the ‘Days on Market’ (DoM) average for houses is a rather discouraging 127 days, suggesting low demand. However, the vacancy rate, covering both houses and units, is a moderate 2.17%. The buy search index for houses, proportional to online property searches, is a neutral 4.

    As property market commentators, it is critical to stress that several trending variables should be taken into account for a comprehensive understanding of the market landscape. Some metrics may fall in unfavourable ranges, but if suitably counterweighted by the majority of other metrics, the suburb can still present good investment opportunities.

    The amount of marketing intelligence at our disposal today, such as HtAG Analytics’ Relative Composite Score (RCS), can simplify this exercise into a single actionable score by taking into account over 80 diverse metrics. Through insights like these and a close watch on market trends, investors can plan their forays strategically.

    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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