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Glebe, TAS 7000

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 Glebe, TAS 7000 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 “Glebe, TAS 7000”

  1. The total adult population (15 years or older) of Glebe 7000 TAS is 517, with a median age of 36. Of those, 38.68% are married, 9.67% are divorced or separated, 50.10% are single and 3.29% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $9,944. The median monthly mortgage repayment for households in this suburb is $1,733 which is 17.43% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburban region of Glebe (postcode 7000) is located in Tasmania and boasts of approximately 326 households. Delving into the Q3 of 2023, the typical prices for houses in Glebe 7000 stand at a significant $977,727, while the median weekly rent is firm at $647. These facts contribute to an indicative yield of 3.44%, a number that ticks the minimum attractive market requirement for property investors focused on cash flow.

    Glebe demonstrates a promising socio-economic environment with an IRSAD score of 1096 out of 1217, pointing to the accessibility of economic resources, high-income levels, and the presence of skilled professionals within the suburb. The renter to owner ratio in Glebe is a reasonably high 41%, a figure that suggests a moderate amount of competition amongst property investors but this can be neatly offset due to the much lower units to houses ratio of just 8%. It’s a market that is not oversaturated with condos or apartments, suggesting less competition among landlords for tenants, which can support higher rental yields.

    However, the affordability index stands at a hefty 38 years, indicating a relative decrease in affordability within the area. Nevertheless, favourability emerges as the stock on market Percentage is an appealing 0.36%, indicating a low supply market scenario, which is a plus for potential investors. Tying in with this, the inventory level for houses is at a manageable 1.5 months – another indication of favourable low supply market conditions.

    The building approvals Ratio for houses in Glebe is at 0.0%, which could be interpreted as a lack of fresh additions to the market supply. Meanwhile, the average number of days houses remain on the market stands at 47, a figure that signifies reasonable demand – not too high, nor too low.

    Vacancy rates in Glebe remain very low at 0.75%, indicating a healthy demand for property. Paired with a buy search index standing steady at 5 (equivalent to state average), demand seems to be in a balanced state.

    While some metrics like the affordability index tilt towards the unfavourable side, most metrics lean towards favourable conditions for property investment. A holistic view of Glebe’s property market in Q3 2023 suggests that it may be an attractive location for property investors to consider in their portfolio, albeit backed by thorough market research and understanding. Stay informed about real estate data trends for optimal investment decisions. Aiding this, HtAG Analytics’ RCS (Relative Composite Score) metric automates these metrics to give you an overall comprehensive real estate investment outlook using over 80 metrics.

    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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