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Berriedale, TAS 7011

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 Berriedale, TAS 7011 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 “Berriedale, TAS 7011”

  1. The total adult population (15 years or older) of Berriedale 7011 TAS is 2,397, with a median age of 40. Of those, 38.63% are married, 15.56% are divorced or separated, 38.09% are single and 7.68% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $6,188. The median monthly mortgage repayment for households in this suburb is $1,377 which is 22.25% of their earnings.

    Source: ABS Census Data (2021)

  2. Berriedale, postcode 7011, is a suburb of Tasmania that is home to about 1337 households. As of the third quarter of 2023, the typical price for houses in this postcode is recorded to be around $592,889 with a median weekly rent of $509. This reflects an enticing indicative yield of 4.46%, surpassing the 3% threshold that cash flow-focused property investors look for.

    The IRSAD (Index of Relative Socio-economic Advantage and Disadvantage) score in this area stands at 911 out of a possible 1217, hinting towards a relatively strong socio-economic condition within the community. Looking into the renter to owner ratio, it sits at 31%, which although slightly above the ideal ratio, suggests only a moderate level of rental property market saturation, and thus, minimal competition among landlords.

    Furthermore, the units to houses ratio is at a favourable 9% indicating the dominance of houses over units and thereby sustaining a market with less rental competition and more secured, longer tenancies. However, the affordability index for houses in Berriedale is estimated to be about 38 years which is quite high, denoting decreased affordability within the region.

    When it comes to supply metrics, it seems to be a favourable market with a low stock on market percentage of 0.16% and inventory levels resting at a scant 0.69 months. The building approvals ratio is recorded at a manageable 0.66%. However, the average days on market for houses is quite high at 192 days, signalling a slower-moving property market, potentially due to lower demand. Complementing this, the buy search index rests at 3 which also indicates limited demand.

    On a more positive note, the vacancy rate, inclusive of houses and units, stands at a low 1.19% reflecting high potential for property investment due to a sufficient demand with limited supply – presenting greater opportunities for higher rent.

    Remember, while individual metrics provide important insights into the state of a suburb’s property market, market trends and a composite view of multiple metrics should be considered when making investment decisions. The RCS or Relative Composite Score, developed by HtAG Analytics, offers a useful tool in this regard as it factors in over 80 variables to provide a comprehensive overview of property market performance.

    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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