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Gardners Bay, TAS 7112
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$850,000
list-price estimate
Median Unit
$415,000
Gross Yield (houses)
2.5%
1yr Growth
-
Investment snapshot for Gardners Bay
Gardners Bay has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Gardners Bay market and investor summary
In Gardners Bay, TAS 7112, houses show a gross rental yield of 2.5%. At 8.3% vacancy, it is a softer rental market with more choice for tenants.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.5% will not cover holding costs in the early years, so the case leans on price appreciation. Demand is softer at 8.3% vacancy, so longer gaps between tenants are more likely and worth building into the numbers. Houses also take time to sell, around 252 days on market, so plan for a slower exit if you ever need one.
Living in Gardners Bay: people, income and schools
Gardners Bay has a resident population of roughly 346, and the area has been growing steadily, up about 8% over five years. At a median age of 48, it reads as skewed a little older, and 79% 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 $55,000 a year (about $1,050 a week). On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (3 out of 10). Incomes have risen about 14% over five years, which tends to underpin what local buyers can pay.
Families have 2 schools within roughly 5km to choose from, testing below the national school average on ICSEA. Gardners Bay sits about 37 km from the CBD. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 346
- +8% over 5yr
- Median age
- 48 years
- Median household income
- $55,000/yr
- Households renting
- 13%
- Family households
- 74%
- Socio-economic rank
- 3/10
- ABS advantage index
- Schools within 5km
- 2
- avg ICSEA 948
- Unemployment
- 4.4%
- Distance to CBD
- 37 km
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Gardners Bay
No properties currently listed in Gardners Bay
Search Gardners Bay listings →Frequently asked questions about Gardners Bay
What should I check before investing in Gardners Bay?
Gardners Bay has enough public data for first-pass screening across yield, vacancy, price and supply signals. Strong unit gross rental yield of 6.1%, before expenses, tax and loan costs. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Gardners Bay?
The median property price in Gardners Bay, TAS 7112 is $415K for units.
What rental yield does Gardners Bay show?
The gross rental yield in Gardners Bay is 2.5% for houses and 6.1% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
How tight is the rental market in Gardners Bay?
The current vacancy rate in Gardners Bay is 8.3%. 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 Gardners Bay?
Gardners Bay has a population of approximately 346 residents, with a median age of 48.
What schools are near Gardners Bay?
There are 2 schools within roughly 5km of Gardners Bay. Their average ICSEA is below the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Gardners Bay's population growing?
The population of Gardners 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 Gardners Bay from the CBD?
Gardners Bay is about 37 km from the CBD.
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