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Glendevie, TAS 7109
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$570,000
market range $550K-$925K
Median Unit
$570,000
list-price estimate
Gross Yield (houses)
2.7%
1yr Growth
-
Investment snapshot for Glendevie
Glendevie has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Glendevie market and investor summary
Glendevie (TAS 7109) runs a median house price of $570K, with houses yielding a gross 2.7%. At 0.2% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.7% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 0.2% and a resident base that is not shrinking. Houses also take time to sell, around 433 days on market, so plan for a slower exit if you ever need one.
Living in Glendevie: people, income and schools
About 87 people live in Glendevie, and the area has been growing steadily, up about 9% over five years. The median age is 46, skewed a little older, and 90% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $49,000 a year, or roughly $950 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (4 out of 10). At current prices a median house runs to a steep 11.6 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 20% over five years, which tends to underpin what local buyers can pay.
It is roughly 48 km from the CBD. It is fairly car-dependent; the suburb scores 9 for walkability out of 100. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 87
- +9% over 5yr
- Median age
- 46 years
- Median household income
- $49,000/yr
- Households renting
- 16%
- Family households
- 74%
- Socio-economic rank
- 4/10
- ABS advantage index
- Unemployment
- 2.9%
- Distance to CBD
- 48 km
- Walk score
- 9/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Glendevie
No properties currently listed in Glendevie
Search Glendevie listings →Frequently asked questions about Glendevie
What should I check before investing in Glendevie?
Glendevie has enough public data for first-pass screening across yield, vacancy, price and supply signals. Tight rental market (0.2% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Glendevie?
The median property price in Glendevie, TAS 7109 is $570K for houses.
What rental yield does Glendevie show?
The gross rental yield in Glendevie is 2.7% for houses. 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 Glendevie?
The current vacancy rate in Glendevie is 0.2%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Glendevie?
Glendevie has a population of approximately 87 residents, with a median age of 46.
Is Glendevie affordable to buy in?
A median house in Glendevie costs about 11.6 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 Glendevie's population growing?
The population of Glendevie has grown about 9% 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 Glendevie from the CBD?
Glendevie is about 48 km from the CBD.
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