Sandy Bay, TAS 7005: Suburb Profile & Property Report

Market Report

House report
Unit Report

Sandy Bay has 172 houses available for sale. The median property price for a house is currently $1,250,000 with annual capital growth of -3.85% . There were 119 house sales in the past 12 months. On average, houses spend 33 days on market.

If you're thinking about buying an investment property in Sandy Bay, consider that rental yields for houses are currently 2.86% with an average median rent of $620 weekly. Houses have seen -1.38% growth in the past quarter, and -3.85% growth in the past 12 months.

The size of Sandy Bay is approximately 6.9 square kilometres. It has 14 parks covering nearly 23% of total area. The population of Sandy Bay in 2011 was 11,156 people. By 2016 the population was 11,925 showing a population growth of 6.9% in the area during that time. The predominant age group in Sandy Bay is 20-29 years.

Households in Sandy Bay are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Sandy Bay work in a professional occupation. In 2011, 63.1% of the homes in Sandy Bay were owner-occupied compared with 61.5% in 2016.

Sandy Bay has 108 units available for sale. The median property price for a unit is currently $717,500 with annual capital growth of -5.28% . There were 92 unit sales in the past 12 months. On average, units spend 32 days on market.

If you're thinking about buying an investment property in Sandy Bay, consider that rental yields for units are currently 3.80% with an average median rent of $495 weekly. Units have seen -1.27% growth in the past quarter, and -5.28% growth in the past 12 months.

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Key Market Data	House	Unit
Median price	$1,250,000	$717,500
Quarterly growth	-1.38%	-1.27%
12-month growth	-3.85%	-5.28%
Average annual growth	+6.48%	+4.47%
Weekly median rent	$620	$495
Gross rental yield	2.86%	3.80%
Number of Sales (12m)	119	92
Avg. Days on Market (12m)	33	32

Jump to Market Trends

Key Demographics	2011	2016
Total population	11,156	11,925
Population change (5y)	-1.57%	+6.90%
Median household income (p/w)	$1,283	$1,472
Household income change (5y)	+14.55%	+14.73%
Median age of persons	40	40

Jump to Demographics Trends

Market Trends

Houses

Units

The Median Sale Price in Sandy Bay is $1,250,000 for houses and $717,500 for units.

The Median Growth in Sandy Bay over the past 12 months is -3.85% for houses and -5.28% for units.

Over the past 12 months there were 119 houses sold and 92 units sold in Sandy Bay. On average, houses spent 33 days on market and units spent 32 days on market.

In the past 12 months up to August 2024 there were 119 houses sold and 92 units sold in Sandy Bay. On average, houses spent 33 days on market and units spent 32 days on market.

1 Year 5 Years 10 Years

Houses

Units

The Median Rent in Sandy Bay is $620 for houses and $495 for units.

The Rental Yield in Sandy Bay is 2.86% for houses and 3.80% for units.

1 Year 5 Years 10 Years

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Demographic Trends

Better understand demographic trends by reviewing the latest suburb demographic data below.

Age groups Country of Birth Religious Affiliation Household Income Occupations Education Level Qualification Level

The population of Sandy Bay was 11,925 in 2016, a +6.90% change compared to 2011.

The predominant age group in Sandy Bay is 20-29 years.

The population of Sandy Bay was 11,925 in 2016, a +6.90% change compared to 2011.

The predominant age group in Sandy Bay is 20-29 years.

Most of the population in Sandy Bay were born in Australia.

Most of the population in Sandy Bay report their religion as No Religion.

Most of the population in Sandy Bay report their income range as between $78,000 and $130,000 .

The median household income in Sandy Bay was $1,472 in 2016, a +14.73% change compared to 2011.

Most of the population in Sandy Bay report their income range as between $78,000 and $130,000 .

The median household income in Sandy Bay was $1,283 in 2011, a +14.55% change compared to 2006.

Most of the population in Sandy Bay work as Professional.

The chart below demonstrates the various levels of education in Sandy Bay.

Most of the population in Sandy Bay reached a qualification level of Bachelor.

2011 2016

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