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Lenah Valley, TAS 7008

Home » TAS Real Estate Data » Hobart City Council, TAS » Lenah Valley, TAS 7008

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 Lenah Valley, TAS 7008 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 

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Rent 

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Yield 

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Buy 

1BR

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Rent 

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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 “Lenah Valley, TAS 7008”

  1. The total adult population (15 years or older) of Lenah Valley 7008 TAS is 5,357, with a median age of 37. Of those, 47.21% are married, 10.40% are divorced or separated, 38.16% are single and 4.31% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $9,240. The median monthly mortgage repayment for households in this suburb is $1,625 which is 17.59% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in Tasmania, the suburb of Lenah Valley 7008 comprises approximately 3006 households. As we moved into Q3 of 2023, the typical price for houses in the area stood at $807,193, while the median weekly rent sat at $573. This gave an indicative yield of 3.69%, certainly catching the attention of cashflow-centric property investors who normally look for yields above the 3% mark.

    With an IRSAD score of 1044 out of 1217, Lenah Valley demonstrates a surprisingly thriving socio-economic status, suggesting a relatively high level of access to economic resources amongst the populace, and a likely predisposition towards well-paid professions.

    Moreover, the suburb showcases favourable metrics in regard to the renter to owner ratio and units to houses ratio, both standing at 28% and 17% respectively. These figures suggest a property market less likely to encounter issues of oversaturation, thereby reducing competition and the potential risk of reduced returns.

    However, the affordability index for houses in Lenah Valley currently places the area outside the favoured range, at 34 years. This tends to imply that full ownership of properties in this market could be a more laborious undertaking, and may be less approachable to potential investors or first-time homeowners.

    On the supply side, Lenah Valley indicates a highly favourable market, with a stock on market Percentage for houses at a mere 0.22% and a low inventory level at 1.05 months. This suggests that demand should outstrip supply, helping to maintain property values in the area. Furthermore, the building approvals Ratio for houses is on the lower end at 0.43%, indicating a slower increase in supply.

    However, some caution is required as the days on market for houses is slightly elevated at 56 days, suggesting a relatively neutral demand level. This is supported by a middle-ground vacancy rate of 1.92%, and a buy search index for houses at 3. While not absolutely unfavourable, these indicators suggest a need for investors to keep a watchful eye on demand trends in Lenah Valley’s property market.

    Drawing upon the comprehensive evaluation of over 80 metrics in the Relative Composite Score, HtAG Analytics offers further insightful data to keep potential investors well informed about the viability and potential of their property investments.

    Remember, in property investing, while it’s OK to have some metrics in unfavourable ranges, it’s essential that the majority of metrics fall in the favourable zone. Plus, keep a keen eye on the trend of these metrics over time—market trends often hold the key to profitable property investments.

    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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