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Summerhill, 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 Summerhill, 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

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

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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 “Summerhill, TAS 7250”

  1. The total adult population (15 years or older) of Summerhill 7250 TAS is 2,558, with a median age of 38. Of those, 43.39% are married, 14.43% are divorced or separated, 36.43% are single and 5.98% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $7,128. The median monthly mortgage repayment for households in this suburb is $1,300 which is 18.24% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in the picturesque region of Tasmania, the suburb of SUMMERHILL 7250 is home to an estimated 1444 households. In the third quarter of 2023, the typical house price in this area sits at a modest $588,110 AUD, with a median weekly rent of $467. This combination of factors results in a promising indicative yield of 4.13%, making this an attractive destination for cashflow-centered property investors.

    SUMMERHILL boasts an IRSAD score of 926 out of 1217, reflecting a comfortable socio-economic status among its residents. The renter to owner ratio for the area is 31%, keeping it within acceptable bounds without risking oversaturation of rental properties. Furthermore, this suburb prides itself on a favourable units to houses ratio of 13%, indicating limited competition among landlords for tenants and potentially longer tenancy periods.

    In terms of affordability, it’s estimated to take 32 years to fully own a house in SUMMERHILL. Although slightly above the standard 30-year market norm, this figure is counterbalanced by other favourable factors within the area’s property market dynamics.

    The supply metric of SUMMERHILL highlights a low stock on market Percentage for houses at just 0.22%, along with a low inventory level of 0.67 months. This, combined with a building approvals Ratio of a minor 0.22%, suggests a limited supply in the market, which can be advantageous for property values in the longer term.

    The demand side of the property equation in SUMMERHILL shows houses spending an average of 66 days on the market before being snapped up. Additionally, with a vacancy rate (for both units and houses) of 1.35%, there is a somewhat balanced demand for rental properties in the suburb. The buy search index for houses stands at an average rate of 4.

    Overall, while some metrics fall in ranges considered somewhat less favourable, the vast majority of other metrics indicate a property market in SUMMERHILL that is healthy and potentially lucrative for savvy property investors. This is further complemented by the HtAG Analytics’ Relative Composite Score (RCS), which aggregates the above-mentioned metrics and others to deliver a comprehensive view of the property market in the suburb.

    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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