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Shorewell Park
AREA REPORTS

Shorewell Park

Shorewell Park - SUBURB PROFILE REPORT
POSTAL CODE: TAS, 7320

house
unit

A 27.12% increase in median property prices in SHOREWELL PARK, 7320 has allowed this suburb to join the ranks of best performing suburbs in TAS, settling at number 97th.

A steady increase in median property prices over a five-year period in the suburb translates to a 54.89% 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 $269,500

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

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $295.

Home owners selling their properties and realtors in SHOREWELL PARK usually have to wait an average of 23.0 days days before their assets are lifted off the market.

The TAS suburb ranks 6th on the list of best yielding suburbs for rental properties in TAS, posting a 5.69% return.

It also places places 134th in Australia based on median property value growth during the quarter.

Data report can be found below

Shorewell Park
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $269,500 $322,500
GROWTH REPORT
Median Quarterly 3.65% N/A
Median 12 month 27.12% N/A
Median 3 years 54.89% N/A
Median 5 years 54.44% N/A
10 years average annual 2.08% N/A
Weekly media advert. rent $295 N/A
Time on Market 23.0 days 0.0 days
Gross Rental Yield Percent 5.69% N/A
demographics (median values)*
Total Population
16238
Weekly Household Income
964
Household Size
2.30
Age
40
Monthly Loan Repayment
1083
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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