Shearwater, TAS 7307: Suburb Profile & Property Report

Market Report

House report
Unit Report

Shearwater has 56 houses available for sale. The median property price for a house is currently $730,000 with annual capital growth of 11.88% . There were 37 house sales in the past 12 months. On average, houses spend 78 days on market.

If you're thinking about buying an investment property in Shearwater, consider that rental yields for houses are currently 3.82% with an average median rent of $465 weekly. Houses have seen 0.69% growth in the past quarter, and 11.88% growth in the past 12 months.

The size of Shearwater is approximately 3.6 square kilometres. It has 8 parks covering nearly 30.5% of total area. The population of Shearwater in 2011 was 1,481 people. By 2016 the population was 1,743 showing a population growth of 17.7% in the area during that time. The predominant age group in Shearwater is 60-69 years.

Households in Shearwater are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Shearwater work in a professional occupation. In 2011, 70.9% of the homes in Shearwater were owner-occupied compared with 68.8% in 2016.

Shearwater has 23 units available for sale. The median property price for a unit is currently $448,000 with annual capital growth of -0.44% . There were 19 unit sales in the past 12 months. On average, units spend 55 days on market.

If you're thinking about buying an investment property in Shearwater, consider that rental yields for units are currently 4.50% with an average median rent of $390 weekly. Units have seen 0.90% growth in the past quarter, and -0.44% growth in the past 12 months.

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Key Market Data	House	Unit
Median price	$730,000	$448,000
Quarterly growth	+0.69%	+0.90%
12-month growth	+11.88%	-0.44%
Average annual growth	+13.95%	+9.09%
Weekly median rent	$465	$390
Gross rental yield	3.82%	4.50%
Number of Sales (12m)	37	19
Avg. Days on Market (12m)	78	55

Jump to Market Trends

Key Demographics	2011	2016
Total population	1,481	1,743
Population change (5y)	+115.26%	+17.70%
Median household income (p/w)	$882	$1,023
Household income change (5y)	+42.72%	+15.99%
Median age of persons	48	55

Jump to Demographics Trends

Market Trends

Houses

Units

The Median Sale Price in Shearwater is $730,000 for houses and $448,000 for units.

The Median Growth in Shearwater over the past 12 months is 11.88% for houses and -0.44% for units.

Over the past 12 months there were 37 houses sold and 19 units sold in Shearwater. On average, houses spent 78 days on market and units spent 55 days on market.

In the past 12 months up to July 2024 there were 37 houses sold and 19 units sold in Shearwater. On average, houses spent 78 days on market and units spent 55 days on market.

1 Year 5 Years 10 Years

Houses

Units

The Median Rent in Shearwater is $465 for houses and $390 for units.

The Rental Yield in Shearwater is 3.82% for houses and 4.50% 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 Shearwater was 1,743 in 2016, a +17.70% change compared to 2011.

The predominant age group in Shearwater is 60-69 years.

The population of Shearwater was 1,743 in 2016, a +17.70% change compared to 2011.

The predominant age group in Shearwater is 60-69 years.

Most of the population in Shearwater were born in Australia.

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

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

The median household income in Shearwater was $1,023 in 2016, a +15.99% change compared to 2011.

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

The median household income in Shearwater was $882 in 2011, a +42.72% change compared to 2006.

Most of the population in Shearwater work as Professional.

The chart below demonstrates the various levels of education in Shearwater.

Most of the population in Shearwater reached a qualification level of Certificate.

2011 2016

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