Opossum Bay, TAS 7023: Suburb Profile & Property Report

Market Report

House report
Unit Report

In Opossum Bay, the median property price for a house is currently $795,000 with annual capital growth of 2.19% . There were 14 house sales in the past 12 months. On average, houses spend 102 days on market.

Houses have seen 1.92% growth in the past quarter, and 2.19% growth in the past 12 months.

The size of Opossum Bay is approximately 4.6 square kilometres. It has 6 parks covering nearly 28% of total area. The population of Opossum Bay in 2011 was 327 people. By 2016 the population was 306 showing a population decline of 6.4% in the area during that time. The predominant age group in Opossum Bay is 50-59 years.

Households in Opossum Bay are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Opossum Bay work in a professional occupation. In 2011, 80.4% of the homes in Opossum Bay were owner-occupied compared with 81.4% in 2016.

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Key Market Data	House	Unit
Median price	$795,000	–
Quarterly growth	+1.92%	–
12-month growth	+2.19%	–
Average annual growth	+6.51%	–
Weekly median rent	–	–
Gross rental yield	3.52%	5.05%
Number of Sales (12m)	14	–
Avg. Days on Market (12m)	102	–

Jump to Market Trends

Key Demographics	2011	2016
Total population	327	306
Population change (5y)	+7.92%	-6.40%
Median household income (p/w)	$1,030	$1,073
Household income change (5y)	+11.23%	+4.17%
Median age of persons	51	55

Jump to Demographics Trends

Market Trends

Houses

Units

The Median Sale Price in Opossum Bay is $795,000 for houses.

The Median Growth in Opossum Bay over the past 12 months is 2.19% for houses.

Over the past 12 months there were 14 houses sold in Opossum Bay. On average, houses spent 102 days on market.

In the past 12 months up to September 2024 there were 14 houses sold in Opossum Bay. On average, houses spent 102 days on market.

1 Year 5 Years 10 Years

Houses

Units

Data is not currently available for the past 12 months.

The Rental Yield in Opossum Bay is 3.52% for houses and 5.05% 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 Opossum Bay was 306 in 2016, a -6.40% change compared to 2011.

The predominant age group in Opossum Bay is 50-59 years.

The population of Opossum Bay was 306 in 2016, a -6.40% change compared to 2011.

The predominant age group in Opossum Bay is 50-59 years.

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

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

Most of the population in Opossum Bay report their income range as between $15,000 and $33,000 .

The median household income in Opossum Bay was $1,073 in 2016, a +4.17% change compared to 2011.

Most of the population in Opossum Bay report their income range as between $15,000 and $31,000 .

The median household income in Opossum Bay was $1,030 in 2011, a +11.23% change compared to 2006.

Most of the population in Opossum Bay work as Professional.

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

Most of the population in Opossum Bay reached a qualification level of Certificate.

2011 2016

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