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Lachlan
AREA REPORTS

Lachlan

Lachlan - SUBURB PROFILE REPORT
POSTAL CODE: TAS, 7140

house

A 28% increase in median property prices in LACHLAN, 7140 has allowed this suburb to join the ranks of best performing suburbs in TAS, settling at number 89th.

A steady increase in median property prices over a five-year period in the suburb translates to a 60% capital gain.

It also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $560,000

The augmented property values in the suburb are trailing above the territorial average of 24.75% in 2016.

Home owners selling their properties and realtors in LACHLAN usually have to wait an average of 0.0 days days before their assets are lifted off the market.

The TAS suburb ranks 186th on the list of best yielding suburbs for rental properties in TAS, posting a 0% return.

It also places places 64th in Australia based on median property value growth during the quarter.

Data report can be found below

Lachlan
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $560,000 N/A
GROWTH REPORT
Median Quarterly 7.69% N/A
Median 12 month 28% N/A
Median 3 years 60% N/A
Median 5 years 100% N/A
10 years average annual 8.47% N/A
Weekly media advert. rent N/A N/A
Time on Market 0.0 days N/A
Gross Rental Yield Percent N/A N/A
demographics (median values)*
Total Population
10974
Weekly Household Income
962
Household Size
2.40
Age
44
Monthly Loan Repayment
1100
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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