Opossum Bay vs Sandy Bay
Property investment comparison - Opossum Bay, TAS 7023 vs Sandy Bay, TAS 7005
Head-to-head across core investment metrics: Opossum Bay wins 3, Sandy Bay wins 2. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Opossum Bay | Sandy Bay |
|---|---|---|
| Median house price | $1.1M | $1.3M |
| Median unit price | - | $680K |
| Gross rental yield (houses) | 3.15% | 3.20% |
| Gross rental yield (units) | 2.30% | 4.24% |
| 1-year house growth | +14.3% | -1.6%estimate |
| 3-year house growth | +30.1% | - |
| Vacancy rate | 1.7% | 2.1% |
| Population | 383 | 12,315 |
Opossum Bay vs Sandy Bay: what the numbers say
The median house price is $1.1M in Opossum Bay and $1.3M in Sandy Bay, so Opossum Bay is the cheaper entry point, with Sandy Bay houses about 24% dearer.
On cash flow, Sandy Bay leads: houses there return a gross rental yield of 3.20%, compared with 3.15% in Opossum Bay, a gap of 0.05 percentage points.
Over the past year house prices moved +14.3% in Opossum Bay and -1.6% in Sandy Bay (an estimate), so recent momentum favours Opossum Bay, while Sandy Bay went backwards.
Rental vacancy is 1.7% in Opossum Bay and 2.1% in Sandy Bay, so landlords in Opossum Bay face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Sandy Bay is the bigger suburb, with a population of 12,315 against 383, roughly 32 times the size of Opossum Bay; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Sandy Bay for rental income, Opossum Bay for a lower purchase price, Opossum Bay for recent price momentum, Opossum Bay for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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