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Sandy Bay, TAS 7005

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 Sandy Bay, TAS 7005 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 

2BR

3BR

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5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

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Yield 

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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 “Sandy Bay, TAS 7005”

  1. The total adult population (15 years or older) of Sandy Bay 7005 TAS is 10,798, with a median age of 39. Of those, 46.52% are married, 9.38% are divorced or separated, 38.18% are single and 5.90% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $9,660. The median monthly mortgage repayment for households in this suburb is $2,167 which is 22.43% of their earnings.

    Source: ABS Census Data (2021)

  2. Sandy Bay 7005, located in TAS, is a thriving suburb comprising approximately 6,109 households. As we have entered into Q3 of 2023, the current property market data reveals some insightful figures for potential property investors and buyers agents.

    Houses in Sandy Bay are currently priced on average at $1,391,336 AUD, with renters paying a median weekly rent of $685. This calculates to an indicative yield of 2.56%. While falling short of the 3% yield that typically attracts cashflow-centered property investors, a balanced view of the complete market picture should be considered before making any investment decisions.

    The IRSAD score, used as a barometer for the socio-economic status of the area, stands at 1083 out of 1217. This high score highlights the favourable economic resources, attractive income levels, and a predominant number of skilled professions within the area, signifying a robust socio-economic environment.

    Sandy Bay exhibits a renter to owner ratio of 34%, slightly higher than the favourable market level of 30%. However, the ratio does not exceed the upper limit of 45%, indicating an acceptable balance and reasonable returns on property investments in this suburb. The units to houses ratio being 28% suggests a favourable balance in residential property types, indicating fewer competing landlords and potential for sustained rental yields.

    Affordability is a crucial factor in property markets and Sandy Bay’s years-to-own comes in at 56 years, surpassing the 31-year benchmark, thus highlighting a challenge in property affordability within the area.

    Sandy Bay showcases a promisingly low stock on market Percentage for houses, coming in at 0.12%. This is notably below the 0.4% threshold, indicative of a favourable market with a low supply of unsold houses. This is also reflected in the low inventory level of 0.53 months, which emphasises an efficient absorption of new listings—another positive property market indicator for Sandy Bay.

    Supporting this low-supply market scenario, the building approvals Ratio for houses comes in at just 0.25%, further solidifying the notion of constrained supply. Additionally, with an average of only 16 days on the market for houses, this suburb demonstrates high demand.

    Despite a slightly higher than ideal vacancy rate of 2.57%, this indicator still falls within the neutral demand range maintaining the appealing nature of the suburb for potential investors. The buy search index for houses stands at 3, indicating the interest level in property amongst buyers is average compared to state/city averages.

    In conclusion, whilst a few metrics like indicative yield and affordability index do fall outside of the ideal range, the majority of property indicators reveal Sandy Bay as a market with a favourable balance of supply and demand factors, appealing socio-economic conditions and substantial potential for profitable property investments. As always, it’s important to keep in mind that real estate markets are dynamic, and investors should continuously monitor market trends and utilise comprehensive solutions like the RCS (Relative Composite Score) offered by HtAG Analytics to make informed decisions.

    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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