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Sandy Bay
AREA REPORTS

Sandy Bay

Sandy Bay - SUBURB PROFILE REPORT
POSTAL CODE: TAS, 7005

house
unit

Property investments in SANDY BAY fare well against the rest of the country last year, registering a median home price increase of 36.99%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains SANDY BAY, 7005 saw average growth in the long term.

Real estate investors could earn a rental income of $635 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 27.4 days.

Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $1,411,000.

SANDY BAY ranks 119th on the list of best yielding suburbs for rental properties in TAS, posting a 2.34% return.

Data report can be found below

Sandy Bay
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,411,000 $718,500
GROWTH REPORT
Median Quarterly 4.91% 9.69%
Median 12 month 36.99% 30.52%
Median 3 years 55.05% 21.78%
Median 5 years 72.07% 66.13%
10 years average annual 8.69% 7.01%
Weekly media advert. rent $635 $455
Time on Market 27.4 days 29.9 days
Gross Rental Yield Percent 2.34% 3.29%
demographics (median values)*
Total Population
13305
Weekly Household Income
1458
Household Size
2.40
Age
37
Monthly Loan Repayment
1900
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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