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Mowbray, 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 Mowbray, 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 “Mowbray, TAS 7248”

  1. The total adult population (15 years or older) of Mowbray 7248 TAS is 3,366, with a median age of 32. Of those, 33.10% are married, 13.13% are divorced or separated, 48.13% are single and 5.50% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $5,420. The median monthly mortgage repayment for households in this suburb is $1,050 which is 19.37% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in Tasmania, the suburb of Mowbray 7248 harbours approximately 2030 households and as of Q3 2023, presents an enticing picture for potential property investors. Homes in Mowbray are typically priced at $449,676, with a median weekly rent of $363. This results in an indicative yield of 4.2%, surpassing the minimum market requirement of 3% and signalling the suburb as an attractive market for cashflow-focused investors.

    Mowbray’s socio-economic score, as measured by the IRSAD, stands at 853 out of a possible 1217; representative of decent economic prosperity in the region. However, the renter to owner ratio is somewhat elevated at 48%. This high proportion of renters can reduce the overall appeal and vibrancy of the neighbourhood, leading to potential investment risks in the long term due to stiff competition with fellow property investors.

    Despite this, the units to houses ratio favourably sits at 16%, indicating a lower proportion of units resulting in lessened competition for tenants and the potential to uphold higher rental yields. Furthermore, with the prevalence of houses attracting more families who tend to have lengthier tenancy periods, this offers potential stability for investors.

    The ‘Years to Own’ affordability index for Mowbray places at 32 years. This level exceeds the favoured maximum of 31 years; indicating decreased affordability for local home ownership.

    On the supply front, Mowbray seems to manifest favourable conditions with a stock on market Percentage of 0.29% and an inventory level of 0.85 months for houses. These underpin a low supply market, beneficial to property investors. Moreover, the building approvals ratio remarkably sits at a relatively low 0.52% underlining favourable conditions with small supply.

    In terms of market demand, Mowbray’s average days on market stands at 44, while the vacancy rate dips at a low 1.54%, representing a high-demand scenario that is likely to be advantageous for property investing. However, the buy search index for houses rests at 3, a value that indicates limited demand, serving as a potential caution for potential investors.

    Overall, while Mowbray paints a favourable picture for property investing with its strong yield, low supply, and high demand scenario, potential investors must remain cognisant of its elevated renter ratio and limited Buy Search Index. A combined evaluation of Mowbray’s performance across the measured metrics is crucial before undertaking any investment 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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