South Arm is a small community in Tasmania within the Clarence local government area (postcode 7022). With a population of 963, the suburb has a mature demographic with a median age of 48. Households earn a median income of $72K per year, with an average household size of 2.4 people. The most common occupations are professionals, technicians & trades, managers. The top ancestries reported are English, Australian, Irish.
The median house price in South Arm is $910,000, having dipped slightly 1.2% over the past year. The median weekly rent is $350 (Census 2021). This gives a gross rental yield of approximately 2.0%. The median monthly mortgage repayment is $1,517.
South Arm is served by 1 school, including 1 primary. The average ICSEA score is 1060, which is above the national average of 1,000. Public transport access includes 16 bus stops.
From an investment perspective, South Arm offers a gross rental yield of 2.0%, rated as low yield. Property prices are near the state median ($910K/$750K). The price-to-income ratio of 12.7x is considered stretched. House prices have moved -1.2% year-on-year.
South Arm is a small community in Tasmania within the Clarence local government area (postcode 7022). With a population of 963, the suburb has a mature demographic with a median age of 48. Households earn a median income of $72K per year, with an average household size of 2.4 people. The most common occupations are professionals, technicians & trades, managers. The top ancestries reported are English, Australian, Irish.
The median house price in South Arm is $910,000, having dipped slightly 1.2% over the past year. The median weekly rent is $350 (Census 2021). This gives a gross rental yield of approximately 2.0%. The median monthly mortgage repayment is $1,517.
South Arm is served by 1 school, including 1 primary. The average ICSEA score is 1060, which is above the national average of 1,000. Public transport access includes 16 bus stops.
From an investment perspective, South Arm offers a gross rental yield of 2.0%, rated as low yield. Property prices are near the state median ($910K/$750K). The price-to-income ratio of 12.7x is considered stretched. House prices have moved -1.2% year-on-year.