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.
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.