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Ridgley, TAS 7321
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$640,000
list-price estimate
Median Unit
$485,000
Gross Yield (houses)
2.6%
1yr Growth (houses)
+5.2%
market range -2.5% to +15.0%
Investment snapshot for Ridgley
Ridgley has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Ridgley market and investor summary
In Ridgley, TAS 7321, houses show a gross rental yield of 2.6%. House prices have moved +5.2% over the past year. At 3.8% 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 2.6% will not cover holding costs in the early years, so the case leans on price appreciation. Demand is softer at 3.8% vacancy, so longer gaps between tenants are more likely and worth building into the numbers. Houses also take time to sell, around 86 days on market, so plan for a slower exit if you ever need one.
Living in Ridgley: people, income and schools
About 645 people live in Ridgley, a number that has held fairly steady over five years. At a median age of 41, it reads as skewed a little older, and 86% 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 $81,000 a year (about $1,560 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 19% over five years, which tends to underpin what local buyers can pay.
There is 1 school within about 5km, testing below the national school average on ICSEA. It is fairly car-dependent; the suburb scores 2 for walkability out of 100. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 645
- +4% over 5yr
- Median age
- 41 years
- Median household income
- $81,000/yr
- Households renting
- 9%
- Family households
- 78%
- Socio-economic rank
- 3/10
- ABS advantage index
- Schools within 5km
- 1
- avg ICSEA 892
- Unemployment
- 3.1%
- Walk score
- 2/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Ridgley
No properties currently listed in Ridgley
Search Ridgley listings →Frequently asked questions about Ridgley
What should I check before investing in Ridgley?
Ridgley has enough public data for first-pass screening across yield, vacancy, price and supply signals. Capital growth of +5.2% in the past year shows positive 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 Ridgley?
The median property price in Ridgley, TAS 7321 is $485K for units.
What rental yield does Ridgley show?
The gross rental yield in Ridgley is 2.6% for houses and 3.5% 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 Ridgley?
House prices in Ridgley are up 5.2% 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 Ridgley?
The current vacancy rate in Ridgley is 3.8%. 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 Ridgley?
Ridgley has a population of approximately 645 residents, with a median age of 41.
What schools are near Ridgley?
There are 1 school within roughly 5km of Ridgley. Their average ICSEA is below the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Ridgley's population growing?
The population of Ridgley has grown modestly, about 4% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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