Derwent Park is a small community in Tasmania within the Glenorchy local government area (postcode 7009). With a population of 872, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $62K per year, with an average household size of 2.6 people. The most common occupations are community & personal service, labourers, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in Derwent Park is $540,000, having dropped significantly 10% over the past year. Units have a median price of $438,000 (-1.6% YoY). The median weekly rent is $350 (Census 2021). This gives a gross rental yield of approximately 3.4%. The median monthly mortgage repayment is $1,083.
Derwent Park is served by 2 schools, including 2 primary. The average ICSEA score is 902, which is below the national average of 1,000. Public transport access includes 12 bus stops.
From an investment perspective, Derwent Park offers a gross rental yield of 3.4%, rated as moderate yield. Property prices are near the state median ($540K/$750K). The price-to-income ratio of 8.7x is considered moderate. House prices have moved -10.0% year-on-year.
Derwent Park is a small community in Tasmania within the Glenorchy local government area (postcode 7009). With a population of 872, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $62K per year, with an average household size of 2.6 people. The most common occupations are community & personal service, labourers, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in Derwent Park is $540,000, having dropped significantly 10% over the past year. Units have a median price of $438,000 (-1.6% YoY). The median weekly rent is $350 (Census 2021). This gives a gross rental yield of approximately 3.4%. The median monthly mortgage repayment is $1,083.
Derwent Park is served by 2 schools, including 2 primary. The average ICSEA score is 902, which is below the national average of 1,000. Public transport access includes 12 bus stops.
From an investment perspective, Derwent Park offers a gross rental yield of 3.4%, rated as moderate yield. Property prices are near the state median ($540K/$750K). The price-to-income ratio of 8.7x is considered moderate. House prices have moved -10.0% year-on-year.