Suburb Profile

Suburb profile for,

Invermay, TAS

Located in the dynamic state of TAS (postcode 7248), INVERMAY is a vibrant real estate market. This suburb holds a median house price of $498,441 and has demonstrated an average buying growth of Up 6.1%. Last month, 25 houses were available, with 64 transactions completed in the past year. Properties spend around 21 days on the market, reflecting the area's demand with 714 interested buyers. The average rental yield stands at 4.5%, with a weekly median rent of $345 per week and an average rent growth of Up 9.6%. Rental properties usually stay on the market for 16 days. The population in 2016 was 3049, which changed by -1.20% in the past five years. The median weekly household income is $816, reflecting an income change of +12.24% over the past five years. Residents have a median age of 35 years, and the suburb has an average annual growth for houses of +15.60%. To fully take advantage of INVERMAY's prosperous real estate market and substantial buyer interest, rely on Handle Properties. As the best buyers agent in INVERMAY, Handle provides end-to-end property investment services, backed by data and experts.

SUBURB DATA

Quantitative data for,

Invermay, TAS

The quantitative data below has been compiled on 30th May 2023 from a range of third party sources using a variety of manual methods. Handle does not guarantee the accuracy of this data shown below.
State
TAS
Suburb
INVERMAY
Postcode
7248
Median price for all dwellings
$498,441
Last 12 months growth return
Up 6.1%
Avg. dwellings for sale in the suburb every month
25
Avg. dwellings sold in the suburb in previous 12 months
64
Avg days on market for a dwelling listing to sell
21 days
Avg. number of people searching in this suburb every month
714
Avg. rental yield per annum
4.50%
Weekly median rent for all dwellings
$345 per week
Median price for all houses
$498,441
Avg. rental yield growth in the previous 12 months
4.50%
Avg. days for a rental listing to find a tennant
16 days
Total suburb population in 2016
3049
Total suburb population change in 5 years up to 2016
-1.20%
Avg. household income per week
$816
Median age of the population in the suburb
35
Historic avg annual growth return per annum in the suburb
15.60%

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