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St Leonards, TAS 7250

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 St Leonards, TAS 7250 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

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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 “St Leonards, TAS 7250”

  1. The total adult population (15 years or older) of St Leonards 7250 TAS is 1,869, with a median age of 38. Of those, 45.53% are married, 12.57% are divorced or separated, 35.31% are single and 6.42% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $7,708. The median monthly mortgage repayment for households in this suburb is $1,300 which is 16.87% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of St Leonards, postcode 7250, can be found within the picturesque landscapes of Tasmania. The area is made up of approximately 1,111 households. As we delve into the property market data for this suburb, we notice some interesting trends.

    According to Q3 data of 2023, the typical house price in St Leonards is recorded at $628,310. The median rent stands at $465 per week, reflecting an indicative yield of 3.85%, a desirable figure surpassing the minimum threshold of 3% attracting investors looking for cashflow-positive opportunities.

    Assessing the socio-economic score, St Leonards achieves a commendable 940 out of 1217 IRSAD score. The inference drawn from this score represents an above average socio-economic status within the community, encompassing variables such as access to economic resources and occupation skills.

    Notably, St Leonards presents an appealing renter to owner ratio of 22%. This is favourable since it is well under the 30% threshold. A low ratio like this suggests a healthy balance between rental and owned properties, providing a positive environment for investors.

    Moreover, the units to houses ratio in the suburb is a mere 4%. Such a low figure implies a favourable real estate environment. Suburbs teeming with houses generally lure in families, which can equate to more sustained tenancy periods and higher yields.

    The affordability index, or the years needed to own a property, for houses here is noted at 32 years. This is slightly unfavorable since it exceeds the standard 30-year mortgage assumption. It implies that the houses in this area might be less affordable to an average household within the community.

    Examining the supply metrics, the stock on market Percentage is at a favourable low of 0.31%. Additionally, the inventory level for houses is rated at a meagre 1.33 months, indicative of a considerable demand for real estate in the area.

    The Building Approval Ratio for houses in this suburb is found to be 1.32%, comfortably within the neutral range and signals no impending risks of imminent oversupply from new stocks.

    From a demand perspective, the average days on market for houses is 44 days, a neutral indication of reasonable demand. Vacancy rates, when analysng both houses and units, stands at a minor 0.41%. This low vacancy rate implies high demand with limited availability, a favourable condition for property investors.

    Lastly, the buy search index for houses is recorded at 3, which signifies a neutral demand. Even though this value doesn’t indicate a particularly high demand, in combination with other significantly advantageous metrics, we observe that St Leonards can still be considered as an attractive option for property investment.

    As with any investment, the key is to keep a vigilant watch on property market conditions and adopt a holistic view of multiple metrics. Tools such as the RCS (Relative Composite Score) developed by HtAG Analytics can automate your research using over 80 different metrics, proving invaluable in making informed property 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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