Ranelagh vs Shearwater
Property investment comparison - Ranelagh, TAS 7109 vs Shearwater, TAS 7307
Head-to-head across core investment metrics: Ranelagh wins 1, Shearwater 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 | Ranelagh | Shearwater |
|---|---|---|
| Median house price | $730K | $730K |
| Median unit price | - | $510K |
| Gross rental yield (houses) | 3.61% | - |
| Gross rental yield (units) | 4.10% | 4.80% |
| 1-year house growth | +7.6%estimate | +9.6% |
| 3-year house growth | - | +12.3% |
| Vacancy rate | 1.4% | 1.9% |
| Population | 1,484 | 2,051 |
Ranelagh vs Shearwater: what the numbers say
Houses cost about the same in both suburbs: the median house price is $730K in Ranelagh and $730K in Shearwater.
Over the past year house prices moved +7.6% in Ranelagh (an estimate) and +9.6% in Shearwater, so recent momentum favours Shearwater, although both suburbs recorded growth.
Rental vacancy is 1.4% in Ranelagh and 1.9% in Shearwater, so landlords in Ranelagh face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Shearwater is the bigger suburb, with a population of 2,051 against 1,484, larger than Ranelagh; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Shearwater for recent price momentum, Ranelagh 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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