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Old Beach
AREA REPORTS

Old Beach

Old Beach - SUBURB PROFILE REPORT
POSTAL CODE: TAS, 7017

house
unit

Based on its average 5-year and quarterly capital gains OLD BEACH, 7017 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that OLD BEACH, 7017 obtained a 4.42% growth over a ten-year period. It ranks 2067th on our list of suburbs that property investors should look into.

OLD BEACH, 7017 in TAS belongs to the local government area of Brighton (M).

OLD BEACH, 7017 has a capital gain of 13.98% for the past year, which is higher than average compared to its 55.2% growth within a five-year period.

With the median home price in OLD BEACH sitting at $530,000, and the average rent at $480, property owners could potentially earn a 4.71% increase in gross rental yield.

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

A 13.98% increase in median property prices in OLD BEACH, 7017 has allowed this suburb to join the ranks of best performing suburbs in TAS, settling at number 73rd.

Data report can be found below

Old Beach
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $530,000 $380,000
GROWTH REPORT
Median Quarterly 7.07% 0.66%
Median 12 month 13.98% 9.88%
Median 3 years 29.65% 30.58%
Median 5 years 55.2% 43.4%
10 years average annual 4.42% 4.64%
Weekly media advert. rent $480 $377.5
Time on Market 20.0 days 26.8 days
Gross Rental Yield Percent 4.71% 5.17%
demographics (median values)*
Total Population
5614
Weekly Household Income
1516
Household Size
2.60
Age
41
Monthly Loan Repayment
1517
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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