Sandy Bay is a well-established suburb in Tasmania within the Hobart local government area (postcode 7005). With a population of 12,315, the suburb has an established demographic with a median age of 39. Households earn a median income of $100K per year, with an average household size of 2.4 people. The most common occupations are professionals, managers, community & personal service. The top ancestries reported are English, Australian, Chinese.
The median house price in Sandy Bay is $1.3 million, having declined 3.2% over the past year. Units have a median price of $720,000 (-7.7% YoY). The current median weekly rent is $525. This gives a gross rental yield of approximately 2.2%. The median monthly mortgage repayment is $2,167.
Sandy Bay is served by 6 schools, including 3 primary, 3 combined. The average ICSEA score is 1131, which is well above the national average of 1,000. Public transport access includes 83 bus stops.
From an investment perspective, Sandy Bay offers a gross rental yield of 2.2%, rated as low yield. Property prices are above the state median ($1.3M/$750K), placing it in the premium segment. The price-to-income ratio of 12.7x is considered stretched. House prices have moved -3.2% year-on-year.
Sandy Bay is a well-established suburb in Tasmania within the Hobart local government area (postcode 7005). With a population of 12,315, the suburb has an established demographic with a median age of 39. Households earn a median income of $100K per year, with an average household size of 2.4 people. The most common occupations are professionals, managers, community & personal service. The top ancestries reported are English, Australian, Chinese.
The median house price in Sandy Bay is $1.3 million, having declined 3.2% over the past year. Units have a median price of $720,000 (-7.7% YoY). The current median weekly rent is $525. This gives a gross rental yield of approximately 2.2%. The median monthly mortgage repayment is $2,167.
Sandy Bay is served by 6 schools, including 3 primary, 3 combined. The average ICSEA score is 1131, which is well above the national average of 1,000. Public transport access includes 83 bus stops.
From an investment perspective, Sandy Bay offers a gross rental yield of 2.2%, rated as low yield. Property prices are above the state median ($1.3M/$750K), placing it in the premium segment. The price-to-income ratio of 12.7x is considered stretched. House prices have moved -3.2% year-on-year.