West Moonah (postcode 7009) is a smaller suburb in Tasmania within the Glenorchy local government area. It is home to about 4,522 residents, with a mix of young professionals and families and a median age of 34. Households earn a median income of $78K 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 -0.5% 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 professionals, community & personal service, technicians & trades. Employment in the area leans toward healthcare and accommodation & food. The top ancestries reported are English, Australian, Irish.
West Moonah has a median house price of $627,000, which has declined by 6.4% year-on-year. Units have a median price of $490,000 (-6.7% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 4.1%. 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.
Looking at the investment signals, West Moonah shows a gross rental yield of approximately 4.1%, 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. Population growth of -0.5% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.