This property is Off Market
With an average age of 33, households expect an average monthly mortgage payment of $1,040 or a weekly rent payment of $313. The average family earns a weekly income of $1,337 with a typical household size of 2.6 and a 87.43% employment rate.
In Risdon Vale there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Risdon Vale is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. Low average earnings from people in Risdon Vale leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. With very low industrial sector presence in Risdon Vale the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
(Country of Birth not stated 7%)
Risdon Vale a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
Tasmania State average 45 / 100
Income
19 / 100
41 / 100
Industry
10 / 100
40 / 100
Population
13 / 100
40 / 100
House Prices
52 / 100
65 / 100
Jobs
09 / 100
38 / 100
Incidents Trend State Average
Rose Bay High School
Rose Bay, TAS, 7015 State 7-12
St Cuthbert's Catholic School
Lindisfarne, TAS, 7015 Independent Prep-6
Eastside Lutheran College
Warrane, TAS, 7018 Independent Prep-10
Lindisfarne North Primary School
Geilston Bay, TAS, 7015 State K-6
Montagu Bay Primary School
Montagu Bay, TAS, 7018 State K-6
Bowen Road Primary School
Moonah, TAS, 7009 State K-6
Risdon Vale Primary School
Risdon Vale, TAS, 7016 State K-6
Moonah Primary School
Derwent Park, TAS, 7009 State K-6
Lindisfarne Primary School
Lindisfarne, TAS, 7015 State K-6
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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