Lenah Valley is a mid-sized suburb in Tasmania within the Hobart local government area (postcode 7008). With a population of 6,522, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $100K per year, with an average household size of 2.5 people. The most common occupations are professionals, community & personal service, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Lenah Valley is $835,000, having dipped slightly 1.2% over the past year. Units have a median price of $540,000 (-9.3% YoY). The current median weekly rent is $570. This gives a gross rental yield of approximately 3.5%. The median monthly mortgage repayment is $1,625.
Lenah Valley is served by 2 schools, including 2 primary. The average ICSEA score is 1056, which is above the national average of 1,000. Public transport access includes 46 bus stops. Healthcare facilities include 1 private hospital.
From an investment perspective, Lenah Valley offers a gross rental yield of 3.5%, rated as moderate yield. Property prices are near the state median ($835K/$750K). The price-to-income ratio of 8.3x is considered moderate. House prices have moved -1.2% year-on-year.
Lenah Valley is a mid-sized suburb in Tasmania within the Hobart local government area (postcode 7008). With a population of 6,522, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $100K per year, with an average household size of 2.5 people. The most common occupations are professionals, community & personal service, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Lenah Valley is $835,000, having dipped slightly 1.2% over the past year. Units have a median price of $540,000 (-9.3% YoY). The current median weekly rent is $570. This gives a gross rental yield of approximately 3.5%. The median monthly mortgage repayment is $1,625.
Lenah Valley is served by 2 schools, including 2 primary. The average ICSEA score is 1056, which is above the national average of 1,000. Public transport access includes 46 bus stops. Healthcare facilities include 1 private hospital.
From an investment perspective, Lenah Valley offers a gross rental yield of 3.5%, rated as moderate yield. Property prices are near the state median ($835K/$750K). The price-to-income ratio of 8.3x is considered moderate. House prices have moved -1.2% year-on-year.