Located in Tasmania within the Glenorchy local government area, Claremont is a mid-sized suburb (postcode 7011). It is home to about 8,397 residents, with an established family demographic and a median age of 38. Households earn a median income of $65K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at -0.5% year-on-year at the LGA level. TAS employment has moved -0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. TAS also had 19 Commonwealth-backed major projects under construction, 0 underway, and 16 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are technicians & trades, community & personal service, labourers. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Irish.
Claremont has a median house price of $550,000, which has declined by 5.2% year-on-year. Units have a median price of $445,000 (-11% YoY). The current median weekly rent is $550. This gives a gross rental yield of approximately 5.2%. The median monthly mortgage repayment is $1,300.
Claremont is served by 5 schools, including 3 primary, 1 secondary, 1 combined. The average ICSEA score is 930, which is below the national average of 1,000. Public transport access includes 70 bus stops.
On the investment side, The gross rental yield works out to roughly 5.2%, which reads as high yield. Property prices are near the state median ($550K/$750K). The price-to-income ratio of 8.5x is considered moderate. House prices have moved -5.2% year-on-year. Population growth of -0.5% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.