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Invermay, TAS 7248

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 Invermay, TAS 7248 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 “Invermay, TAS 7248”

  1. The total adult population (15 years or older) of Invermay 7248 TAS is 3,027, with a median age of 33. Of those, 26.33% are married, 15.49% are divorced or separated, 54.25% are single and 3.96% are widowed.

    The average household size is 2.2 people per dwelling, and the median household monthly income is estimated to be $5,964. The median monthly mortgage repayment for households in this suburb is $1,092 which is 18.31% of their earnings.

    Source: ABS Census Data (2021)

  2. Housing details for the suburb of Invermay, postcode 7248, in the state of Tasmania (TAS), illustrates an engaging dynamic for prospective investors. Housing in this region, as of Q3 2023, is distinctive with its characteristic affordability and enticing yield return. With an estimated total of 2370 households, the typical price for houses sits at $498,693, while the median weekly rent is marked at $419. This combination produces an indicative yield of 4.37%, a figure surpassing the minimum 3% market requirement, showcasing Invermay as an appealing market for cash flow-centred property investors.

    Measured by the IRSAD, the locale’s socioeconomic score is an impressive 888 out of 1217, indicating that the suburb’s population enjoys a good level of socio-economic status. That being said, it’s important to note that Invermay has a renter to owner ratio of 51%, a percentage that creeps above the desired threshold, hence implying a high tendency for rentals, with potential risks and high competition.

    Nonetheless, a low unit to houses ratio of 5% counterweights this slightly higher rent ratio. With less competition among landlords, rental yields can be maintained at a higher rate. This low ratio also hints at the attraction of more families into the area, indicative of longer tenancy periods and good stability.

    However, on the affordability index, Invermay stands at 33 years to fully own a property in a standard mortgage setup, quite a bit above the comfortable threshold, suggesting a decreased affordability in the area.

    In examining supply metrics, we find that the stock on market Percentage for homes is at a low 0.13%, indicative of a favourable low supply market. This is reinforced by an inventory level of a mere 0.6 months highlighting the market’s effective absorption of new listing. Additionally, there is a low BA ratio of 0.09%, which demonstrates a limited addition of new houses in the area.

    Days on Market average is 40, which is slightly above the favourable threshold, however, it’s complemented by an extremely low vacancy rate of 0.75%, suggesting high tenant demand. buy search index rests at 4, indicating neutral demand levels for properties within the region.

    Conclusively, although Invermay has some metrics that fall outside the generally favourable thresholds, the majority of key indices present advantageous conditions. A comprehensive evaluation suggests that – even with its affordability challenge – Invermay offers substantial potential for informed investors with a mindful interpretation of the property market data. Furthermore, usage of the HtAG Analytics’ RCS (Relative Composite Score) metric can simplify this investment research process by intelligently integrating over 80 relevant 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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