West Ulverstone (postcode 7315) is a smaller suburb in Tasmania within the Central Coast (Tas.) local government area. With a population of 4,515, the suburb has an older-leaning population with a median age of 48. Households earn a median income of $55K per year, with an average household size of 2.3 people. 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 labourers, technicians & trades, community & personal service. Employment in the area leans toward healthcare and construction. The top ancestries reported are Australian, English, Scottish.
West Ulverstone has a median house price of $490,000, which has dipped slightly by 2% year-on-year. Units have a median price of $385,000 (-6.2% YoY). The current median weekly rent is $400. This gives a gross rental yield of approximately 4.2%. The median monthly mortgage repayment is $1,213.
West Ulverstone is served by 1 school, including 1 primary. The average ICSEA score is 835, which is well below the national average of 1,000. Public transport access includes 13 bus stops.
From an investment perspective, Gross rental yield sits at around 4.2% (moderate yield). Property prices sit below the state median ($490K/$750K), which can point to relative value. The price-to-income ratio of 8.9x is considered moderate. House prices have moved -2.0% year-on-year.