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Seven Mile Beach
AREA REPORTS

Seven Mile Beach

Seven Mile Beach - SUBURB PROFILE REPORT
POSTAL CODE: TAS, 7170

house

A steady increase in median property prices over a five-year period in the suburb translates to a 18.18% capital gain.

Property investors in SEVEN MILE BEACH enjoyed capital gains of 0.31% over the last 12 months translating to lower returns compared with its peers in the territory.

The suburb 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 $650,000.

Profits due to an upward trend in home prices there averaged 6.06% per annum over a 3-year period.

Home owners selling their properties and realtors in SEVEN MILE BEACH usually have to wait an average of 19.7 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the N/A mark, reflecting a 0% increase in returns based on the current median price in SEVEN MILE BEACH.

SEVEN MILE BEACH, 7170 places 156th in Australia based on median property value growth during the quarter.

Data report can be found below

Seven Mile Beach
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $650,000 N/A
GROWTH REPORT
Median Quarterly -7.14% N/A
Median 12 month 0.31% N/A
Median 3 years 18.18% N/A
Median 5 years 36.84% N/A
10 years average annual 6.27% N/A
Weekly media advert. rent N/A N/A
Time on Market 19.7 days N/A
Gross Rental Yield Percent N/A N/A
demographics (median values)*
Total Population
5008
Weekly Household Income
1960
Household Size
2.80
Age
43
Monthly Loan Repayment
1733
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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