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Waverley, 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 Waverley, 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

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 “Waverley, TAS 7250”

  1. The total adult population (15 years or older) of Waverley 7250 TAS is 1,274, with a median age of 35. Of those, 27.32% are married, 15.86% are divorced or separated, 50.55% are single and 6.20% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $5,012. The median monthly mortgage repayment for households in this suburb is $867 which is 17.30% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Waverley, zip code 7250, is situated in the picturesque state of Tasmania. Boasting an estimated 766 households, this location presents as an interesting point of analysis for potential property investors or buyers agents looking into the Australian property market landscape.

    As we venture into Q3 of 2023, we find the typical price for houses in Waverley landing at an accessible $396,362. Alongside this, the median weekly rent hovers at a comfortable $270. This pricing structure presents an indicative yield of 3.54%. It is noteworthy that this yield crosses the critical threshold of 3%, which satisfies the minimal attractive market requirement for property investors focused on cash flow.

    Waverley’s socio-economic score, known as the IRSAD score, sits at 781 out of a total of 1217. This is indicative of a reasonably healthy socio-economic status for the neighbourhood, further elevating its appeal to potential investors.

    The renter to owner ratio is measured at 38%, a fairly balanced figure. However, it is above the optimal 30%, suggesting a level of saturation in the rental market which could raise competition among property investors.

    At the same time, Waverley’s units to houses ratio is low, sitting only at 3%. Such low proportion of units indicates a strong prevalence of houses, which typically incurs less competition among landlords for tenants and often attracts longer tenancy periods.

    Unfortunately, the Affordability Index or years to own metric for houses in Waverley is at 31 years. This figure mildly breaches the ideal threshold of 30 years which suggests slightly decreased affordability in the area.

    The stock on market Percentage for houses is a promising 0.27%, marking a low supply, one of the favourable conditions for an accessible property market. Corroboratively, the inventory level for houses sits at a favourable 1.26 months, reflecting manageable supply levels. The building approvals Ratio also indicates low supply with a di minimis rate of 0.14%.

    As for demand metrics, the days on market for houses in Waverley stand at 64 days. This falls outside the high demand indicator of less than 35 days but still doesn’t push into the unfavourable range of over 90 days. The vacancy rate encompasses both houses and units and totals a significantly low 0.69%, indicating high demand. However, the buy search index for houses is at 3, an average figure that neither suggests high or low demand.

    Overall, while some metrics lie in the grey area and need to be monitored, the dominated low supply and respectable socio-economic status put Waverley onto the radar for prospective property investors or buyers. For an efficient analytical process, the HtAG Analytics’ Relative Composite Score (RCS) is also recommended as it automatically analyses over 80 metrics for a composite view of market prospects.

    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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