Thinking about buying in Preservation Bay? Now could not be a better time, with just 42 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $491,000 with prices in this suburb ranging from $81,000 to $868,000. Preservation Bay is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices
Median Weekly Rent | $260.00 |
Median Monthly Mortgage | $1511.00 |
Median Persons Per Bedroom | 0.80 |
Average Household Size | 3.00 |
Average Age | 47.00 |
Average Income | $718.00 |
Average Cars Per Dwelling | 2.54 |
Average Properties Within 50M | 4 |
2 Bed  $394,000 |
3 Bed  $544,000 |
4 Bed  $347,000 |
Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Preservation Bay due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The high percentage of professional people in Preservation Bay classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. Medium density in Preservation Bay necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.
7 SERENITY CL, PRESERVATION BAY, TAS, 7316 | 3 | } 2 | 4 | SOLD! |
None within suburb boundary
(While the above schools are located with the suburb of Preservation Bay there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 1.2 | 11.5 | 22.6 | 48.5 | 91.2 | 5.1 | 24.0 |
Feb | 1.6 | 12.4 | 22.6 | 52.8 | 92.2 | 4.8 | 20.6 |
Mar | 2.1 | 10.9 | 20.8 | 56.4 | 92.8 | 4.6 | 15.3 |
Apr | 2.4 | 8.1 | 17.9 | 60.3 | 95.4 | 4.4 | 10.8 |
May | 2.5 | 5.3 | 15.3 | 65.1 | 96.9 | 4.1 | 6.8 |
Jun | 3.4 | 4.1 | 13.9 | 68.5 | 97.6 | 3.8 | 6.0 |
Jul | 4.4 | 3.9 | 12.9 | 69.1 | 97.2 | 4.5 | 6.1 |
Aug | 3.7 | 3.7 | 13.4 | 64.6 | 96.4 | 4.5 | 8.9 |
Sept | 3.5 | 5.6 | 15.2 | 65.0 | 98.1 | 4.5 | 13.2 |
Oct | 2.5 | 6.6 | 16.9 | 55.7 | 94.6 | 4.9 | 18.8 |
Nov | 2.4 | 8.7 | 18.8 | 54.3 | 94.1 | 5.0 | 22.6 |
Dec | 2.1 | 10.2 | 20.6 | 52.6 | 93.6 | 5.3 | 24.2 |
source: Australian Government Bureau of Meteorology
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