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Deep Bay, TAS 7112
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$670,000
market range $575K-$700K
Median Unit
$315,000
Gross Yield (units)
8.3%
1yr Growth (houses)
+9.1%
market range +2.5% to +15.0%
Investment snapshot for Deep Bay
Deep Bay has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Deep Bay market and investor summary
In Deep Bay, TAS 7112, the median house sells for around $670K. House prices have moved +9.1% over the past year. At 5.9% vacancy, it is a softer rental market with more choice for tenants.
Demand is softer at 5.9% vacancy, so longer gaps between tenants are more likely and worth building into the numbers. Houses also take time to sell, around 112 days on market, so plan for a slower exit if you ever need one.
Living in Deep Bay: people, income and schools
Deep Bay is home to around 267 people, and the area has been growing steadily, up about 8% over five years. At a median age of 54, it reads as an older, established demographic, and 74% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $50,000 a year (about $970 a week). On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (3 out of 10). At current prices a median house runs to a steep 13.3 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 14% over five years, which tends to underpin what local buyers can pay.
Deep Bay sits about 40 km from the CBD. It is fairly car-dependent; the suburb scores 7 for walkability out of 100. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 267
- +8% over 5yr
- Median age
- 54 years
- Median household income
- $50,000/yr
- Households renting
- 18%
- Family households
- 62%
- Socio-economic rank
- 3/10
- ABS advantage index
- Unemployment
- 4.4%
- Distance to CBD
- 40 km
- Walk score
- 7/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Deep Bay
No properties currently listed in Deep Bay
Search Deep Bay listings →Frequently asked questions about Deep Bay
What should I check before investing in Deep Bay?
Deep Bay has enough public data for first-pass screening across yield, vacancy, price and supply signals. Strong unit gross rental yield of 8.3%, before expenses, tax and loan costs. Capital growth of +9.1% in the past year shows strong recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Deep Bay?
The median property price in Deep Bay, TAS 7112 is $670K for houses and $315K for units.
What rental yield does Deep Bay show?
The gross rental yield in Deep Bay is 8.3% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Deep Bay?
House prices in Deep Bay are up 9.1% over the past year. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Deep Bay?
The current vacancy rate in Deep Bay is 5.9%. A rate under 2% generally signals a tight rental market. This suburb's rental market is softer, with tenants having more choice and rents possibly under pressure.
How many people live in Deep Bay?
Deep Bay has a population of approximately 267 residents, with a median age of 54.
Is Deep Bay affordable to buy in?
A median house in Deep Bay costs about 13.3 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Deep Bay's population growing?
The population of Deep Bay has grown about 8% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Deep Bay from the CBD?
Deep Bay is about 40 km from the CBD.
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