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Wesley Vale, TAS 7307

Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics

Data updated

Strong Growth

Median House

$890,000

list-price estimate

Median Unit

$620,000

Gross Yield (units)

4.2%

1yr Growth (houses)

+22.1%

market range +7.5% to +30.0%

Investment snapshot for Wesley Vale

Wesley Vale has enough public data for first-pass screening across yield, vacancy, price and supply signals.

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Wesley Vale market and investor summary

Wesley Vale sits in TAS, postcode 7307. House prices have moved +22.1% over the past year and +19.8% over three years. At 3.5% vacancy, it is a softer rental market with more choice for tenants.

Demand is softer at 3.5% vacancy, so longer gaps between tenants are more likely and worth building into the numbers.

Living in Wesley Vale: people, income and schools

Wesley Vale has a resident population of roughly 483, and the area has been growing steadily, up about 8% over five years. The median age is 48, skewed a little older, and 83% 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 $70,000 a year, or roughly $1,350 a week. On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (3 out of 10).

There are 2 schools within about 5km, testing close to the national school average on ICSEA. 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
483
+8% over 5yr
Median age
48 years
Median household income
$70,000/yr
Households renting
12%
Family households
71%
Socio-economic rank
3/10
ABS advantage index
Schools within 5km
2
avg ICSEA 975
Unemployment
3.0%
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 Wesley Vale

No properties currently listed in Wesley Vale

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Frequently asked questions about Wesley Vale

What should I check before investing in Wesley Vale?

Wesley Vale has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.2% gives a usable rent-to-price starting point. Capital growth of +22.1% 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 Wesley Vale?

The median property price in Wesley Vale, TAS 7307 is $620K for units.

What rental yield does Wesley Vale show?

The gross rental yield in Wesley Vale is 4.2% 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 Wesley Vale?

House prices in Wesley Vale are up 22.1% over the past year and up 19.8% over three years. 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 Wesley Vale?

The current vacancy rate in Wesley Vale is 3.5%. 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 Wesley Vale?

Wesley Vale has a population of approximately 483 residents, with a median age of 48.

What schools are near Wesley Vale?

There are 2 schools within roughly 5km of Wesley Vale. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.

Is Wesley Vale's population growing?

The population of Wesley Vale 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.

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