Located in Tasmania within the Brighton local government area, Old Beach is a smaller suburb (postcode 7017). It is home to about 4,394 residents, with an established demographic and a median age of 40. Households earn a median income of $97K per year, with an average household size of 2.6 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% 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 clerical & administrative, professionals, technicians & trades. Employment in the area leans toward healthcare and public admin & safety. The top ancestries reported are English, Australian, Irish.
Old Beach has a median house price of $745,000, which has increased by 4.9% year-on-year. Units have a median price of $513,000 (-6% YoY). The current median weekly rent is $600. This gives a gross rental yield of approximately 4.2%. The median monthly mortgage repayment is $1,517.
Public transport access includes 24 bus stops.
Looking at the investment signals, The gross rental yield works out to roughly 4.2%, which reads as moderate yield. Property prices are near the state median ($745K/$750K). The price-to-income ratio of 7.7x is considered moderate. House prices have moved +4.9% year-on-year. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.