West Moonah TAS

Postcode 7009 · Glenorchy LGA

West Moonah is a smaller suburb in Tasmania within the Glenorchy local government area (postcode 7009). With a population of 4,522, the suburb has a mix of young professionals and families with a median age of 34. Households earn a median income of $78K per year, with an average household size of 2.6 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are English, Australian, Irish.

The median house price in West Moonah is $627,000, having declined 6.4% over the past year. Units have a median price of $490,000 (-6.7% YoY). The current median weekly rent is $512. This gives a gross rental yield of approximately 4.2%. The median monthly mortgage repayment is $1,430.

West Moonah is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 965, which is around the national average of 1,000. Public transport access includes 24 bus stops.

From an investment perspective, West Moonah offers a gross rental yield of 4.2%, rated as moderate yield. Property prices are near the state median ($627K/$750K). The price-to-income ratio of 8.1x is considered moderate. House prices have moved -6.4% year-on-year.

INVESTMENT SIGNALS
Rental Yield4.2% Moderate Yield
Price vs State$627K/$750K Near Median
Affordability8.1x Moderate
Price Momentum-6.4% Falling
INCOME (ATO 2022-23)
Median Income$56,372
Mean Income$60,217
Earners3,026
YoY Change+8.4%
SEIFA INDEX (ABS)
Advantage2/10
Education4/10
Economic1/10
Disadvantage3/10
MEDIAN HOUSE
$627K
-6.4% YoY
MEDIAN UNIT
$490K
-6.7% YoY
MEDIAN RENT /WK
$340
POPULATION
4,522
DEMOGRAPHICS
Median Age34
Household Size2.6
HH Income /wk$1,491
Personal Income /wk$727
Mortgage /mth$1,430
TRANSPORT
Bus Stops24
SCHOOLS (2)
Avg ICSEA965
Total Students440
Independent1
Government1
Hilliard Christian SchoolCombined · Independent · ICSEA 1012
Springfield Gardens Primary SchoolPrimary · Government · ICSEA 918
Data: 2024