Lenah Valley is a medium-sized suburb in Tasmania within the Hobart local government area (postcode 7008). With a population of 6,522, the suburb has a mix of families and early-career residents with a median age of 37. Households earn a median income of $100K per year, with an average household size of 2.5 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at -0.2% 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 professionals, community & personal service, managers. Employment in the area leans toward healthcare and public admin & safety. The top ancestries reported are English, Australian, Irish.
The median house price in Lenah Valley is $835,000, having eased back by 1.2% over the past year. Units have a median price of $540,000 (-9.3% YoY). The current median weekly rent is $525. This gives a gross rental yield of approximately 3.3%. 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.
On the investment side, The gross rental yield works out to roughly 3.3%, which reads 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. Population growth of -0.2% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.