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Derwent Park, TAS 7009

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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 Derwent Park, TAS 7009 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 

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Rent 

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Yield 

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Buy 

1BR

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Rent 

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Yield 

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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 “Derwent Park, TAS 7009”

  1. The total adult population (15 years or older) of Derwent Park 7009 TAS is 712, with a median age of 35. Of those, 33.85% are married, 14.89% are divorced or separated, 42.56% are single and 8.01% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $5,680. The median monthly mortgage repayment for households in this suburb is $1,083 which is 19.07% of their earnings.

    Source: ABS Census Data (2021)

  2. The quaint suburb of Derwent Park, TAS 7009, is home to approximately 638 households, presenting a unique blend of living and investment opportunities. As we delve into the third quarter of 2023, the typical property prices for houses in Derwent Park escalates to $592,878, while the median weekly rent clocks in at $475. This delivers a promising indicative yield of 4.17% for property investors and landlords.

    When it comes to socioeconomic factors, the suburb prides itself in an IRSAD score of 870 out of 1,217, indicating favourable socio-economic conditions and a healthy employment ecosystem. However, the renter to owner ratio could come off as a concern to some, recorded at 40%. This implies a higher number of rental properties which might spur competition among landlords, consequently affecting the long-term returns.

    A point to cheer for property investors is the dominating presence of houses over units in the suburb, evidenced by a units-to-houses ratio of a mere 5%. It alerts to less competition amongst landlords for tenants, enabling the maintenance of higher rental yields and attracting more families for longer tenures.

    However, affordability might seem a stumbling block in Derwent Park with the Affordability Index for houses documented at 41 years. This means the estimated time to fully own a property, given the current economic conditions, is a bit stretched.

    From a supply standpoint, Derwent Park marks favourable conditions. The stock on market Percentage for houses is only 0.22%, hinting at a low supply while the inventory level sits comfortably at 1.71 months. The building approvals Ratio for houses is also reasonable at 0.22%, indicating decent control over new dwelling supply in the market.

    Despite favourability in supply indicators, demand could use a push. The days on market for houses is somewhat high at 149 days, suggesting a less than stellar demand. The Vacancy Rate, combining houses and units, registers on the favourable end at 1.57% indicating a negligible oversupply of rental properties, hence striking a balance between supply and demand.

    Lastly, for online buying interest, the buy search index for houses marks a 4, placing it in the neutral range and signalling that Derwent Park remains an active contender among the suburbs in Tasmania for potential buyers searching for properties online.

    While some metrics like Affordability Index and days on market might seem in the unfavourable ranges, it’s noteworthy to highlight that the majority of other indicators lean towards the favourable side. And with HtAG Analytics’ Relative Composite Score, it’s quite effortless to streamline these metrics further into a more decision-worthy investment analysis.

    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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