Seven Mile Beach, TAS 7170: Suburb Profile & Property Report

Market Report

House report
Unit Report

In Seven Mile Beach, the median property price for a house is currently $975,000 with annual capital growth of -21.37% . There were 17 house sales in the past 12 months. On average, houses spend 41 days on market.

Houses have seen -12.56% growth in the past quarter, and -21.37% growth in the past 12 months.

The size of Seven Mile Beach is approximately 14.8 square kilometres. It has 6 parks covering nearly 12.1% of total area. The population of Seven Mile Beach in 2011 was 1,115 people. By 2016 the population was 1,296 showing a population growth of 16.2% in the area during that time. The predominant age group in Seven Mile Beach is 50-59 years.

Households in Seven Mile Beach are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Seven Mile Beach work in a professional occupation. In 2011, 87.6% of the homes in Seven Mile Beach were owner-occupied compared with 87.8% in 2016.

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Key Market Data	House	Unit
Median price	$975,000	–
Quarterly growth	-12.56%	–
12-month growth	-21.37%	–
Average annual growth	+10.47%	–
Weekly median rent	–	–
Gross rental yield	3.25%	4.60%
Number of Sales (12m)	17	–
Avg. Days on Market (12m)	41	–

Jump to Market Trends

Key Demographics	2011	2016
Total population	1,115	1,296
Population change (5y)	+4.99%	+16.20%
Median household income (p/w)	$1,576	$1,935
Household income change (5y)	+24.29%	+22.78%
Median age of persons	41	43

Jump to Demographics Trends

Market Trends

Houses

Units

The Median Sale Price in Seven Mile Beach is $975,000 for houses.

The Median Growth in Seven Mile Beach over the past 12 months is -21.37% for houses.

Over the past 12 months there were 17 houses sold in Seven Mile Beach. On average, houses spent 41 days on market.

In the past 12 months up to September 2024 there were 17 houses sold in Seven Mile Beach. On average, houses spent 41 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 Seven Mile Beach is 3.25% for houses and 4.60% 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 Seven Mile Beach was 1,296 in 2016, a +16.20% change compared to 2011.

The predominant age group in Seven Mile Beach is 50-59 years.

The population of Seven Mile Beach was 1,296 in 2016, a +16.20% change compared to 2011.

The predominant age group in Seven Mile Beach is 50-59 years.

Most of the population in Seven Mile Beach were born in Australia.

Most of the population in Seven Mile Beach report their religion as No Religion.

Most of the population in Seven Mile Beach report their income range as between $78,000 and $130,000 .

The median household income in Seven Mile Beach was $1,935 in 2016, a +22.78% change compared to 2011.

Most of the population in Seven Mile Beach report their income range as between $78,000 and $130,000 .

The median household income in Seven Mile Beach was $1,576 in 2011, a +24.29% change compared to 2006.

Most of the population in Seven Mile Beach work as Professional.

The chart below demonstrates the various levels of education in Seven Mile Beach.

Most of the population in Seven Mile Beach reached a qualification level of Certificate.

2011 2016

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