Real Estate Pegarah Tas 7256

Real Estate Market: Is Pegarah TAS 7256 a Good Suburb to Buy Into?

Housing Market in Pegarah

Key Pegarah Metrics & Forecast to 2028

Sources: Property Listings and Microburbs, 2002 - 2023

Field	Value	VS West and North West Tas	Trend
Median yield for houses	Premium	Premium	Premium
Smart median rent: All houses	$426	Bottom 3%	167% to Apr 2025
Smart median sale price: All houses	Premium	Premium	Premium

Housing Supply in Pegarah

Pegarah Real Estate Investor Report

Sample Graphic

The higher the supply score the more supply is on the market, both current and future.
Sources: ABS, GEOSPATIAL, Property Listings and Microburbs, 2002 - 2023

Pegarah

59.0%

West and North West Tas

44.0%

Compare
Suburbs

Field	Value	VS West and North West Tas	Trend
Development applications	0	Bottom 38%	Data for Jun 2025
Developments	4.4	Top 32%	Data for Jul 2023
Housing Stock Quality Indicator
Total new residential buildings value (SA2)	Premium	Premium	Premium
Days on market: houses	Premium	Premium	Premium
Days on market: units	Premium	Premium	Premium
Volume of houses sold in the last 30 days	Premium	Premium	Premium
Volume of units sold in the last 30 days	Premium	Premium	Premium
Stock on Market	0	Bottom 26%	Data for Apr 2025

Housing Stock Quality in Pegarah

The higher the score, the higher the quality of the houses and units.
Sources: ABS, GEOSPATIAL, Property Listings and Microburbs, 2006 - 2023

Field	Value	VS West and North West Tas	Trend
Houses	100.0%	Top 31%	Data for Jan 2021
Average bedrooms - all homes	2.6	Top 39%	76% to Jan 2021
NBN connection: fibreoptic cable to node	0.0%	Bottom 37%	Data for Jun 2023

Development Restrictions in Pegarah

Pegarah Zoning Map

Sample Graphic

The higher the score, the more easily density can be increased.
Sources: GEOSPATIAL, TORREN and Microburbs, 2011 - 2023

Pegarah

25.2%

West and North West Tas

28.4%

Compare
Suburbs

	Field	Value	VS West and North West Tas	Trend

Risk in Pegarah

Pegarah Risk Report

Sample Graphic

The higher the score, the more exposed households are to financial stress.
Sources: ABS, Property Listings, TORREN and Microburbs, 2006 - 2023

Pegarah

19.3

West and North West Tas

33.8

Compare
Suburbs

Field	Value	VS West and North West Tas	Trend
% Owner Occupied	100.0%	Top 11%	Data for May 2023
% Rentals	0.0%	Bottom 11%	Data for May 2023
Housing Affordability Index	24	Bottom 20%	Data for Jun 2023
Median monthly mortgage	$625	Bottom 4%	39% to May 2023
Rent Affordability Index (Houses)	84	Top 14%	Data for Jun 2023
Rent Affordability Index (Units)	86	Top 2%	Data for Jun 2023
Mortgage as a percent of income	17.1%	Bottom 26%	33% to Jan 2021
Mortgaged Dwellings	25.9%	Bottom 16%	22% to May 2023

Housing Demand in Pegarah

The higher the score, the more demand their is for housing in the area, both current and future.
Sources: ABS, TORREN, Property Listings and Microburbs, 2006 - 2030

Pegarah

19.4%

West and North West Tas

42.5%

Compare
Suburbs

Field	Value	VS West and North West Tas	Trend
Net internal migration (LGA)	Premium	Premium	Premium
Net overseas migration (LGA)	Premium	Premium	Premium
Historical Population (SA3)	18300	Bottom 7%	5% to Dec 2023
Historical population growth	Premium	Premium	Premium
Population (LGA)	1500	Bottom 17%	13% to Dec 2030
Population Projection (LGA)	Premium	Premium	Premium
Auction clearance rate	Premium	Premium	Premium
Proportion of distressed listings	Premium	Premium	Premium

Unit Market in Pegarah

Pegarah Unit Investor Report

Sample Graphic

Sources: Property Listings and Microburbs, 2002 - 2023

Field	Value	VS West and North West Tas	Trend
Median yield for units	Premium	Premium	Premium
Smart median rent: All units	$320	Bottom 4%	128% to Mar 2025
Smart median sale price: All units	Premium	Premium	Premium
Unit to house ratio	100.0%	Top 13%	38% to Mar 2025

LGA Details (1)

Headline	Place	Datetime
Local government area	King Island

Percent of Renters by Street (9)

Percent of Renters	Street
0.0%	Bischoffs Rd
0.0%	Denbys Rd
0.0%	Grassy Rd
0.0%	Lancaster Rd
0.0%	Millwood Rd

Turnover Rate by Street (9)

Turnover rate	Street	Turnover Label	Turnover Years	Year
150.0%	Bischoffs Rd	very high turnover	Every 6.7 years (very high turnover)	2025
66.7%	Lancaster Rd	quite tightly held	Every 15.0 years (quite tightly held)	2025
100.0%	North Pegarah Rd	high turnover	Every 10.0 years (high turnover)	2025
200.0%	Millwood Rd	very high turnover	Every 5.0 years (very high turnover)	2025
83.3%	Grassy Rd	average turnover	Every 12.0 years (average turnover)	2025

Recently Sold Houses (9)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
886 Pegarah Rd	$340,000	4.0	2.0	0.0	09 May 2024	On Market
1016 Millwood Rd	Price Withheld	5.0	2.0	2.0	19 Apr 2022	On Market
1134 Grassy Rd	$600,000	3.0	2.0	3.0	17 Feb 2021	On Market
348 Pegarah Rd	$480,000	4.0	2.0	12.0	10 Feb 2020	On Market
348 Pegarah Rd	$480,000	4.0	2.0	12.0	10 Feb 2020	On Market

Median House Sale Prices by Street (34)

Street	Date	Median sale value
Pegarah Rd	31 May 2024	359600.0
Pegarah Rd	30 Jun 2024	352000.0
Pegarah Rd	30 Jun 2024	356500.0
Pegarah Rd	31 Jul 2024	351200.0
Pegarah Rd	31 Jul 2024	301100.0

Recent Rental House Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
529 Lancaster Rd	Price Withheld	3	1	1	06 Sep 2019
529 Lancaster Rd	Price Withheld	3	1	1	06 Sep 2019
529 Lancaster Rd	Price Withheld	3	1	1	06 Sep 2019
529 Lancaster Rd	Price Withheld	3	1	1	06 Sep 2019
529 Lancaster Rd	Price Withheld	3	1	1	06 Sep 2019

Recently Sold Units (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
1016 Millwood Rd	$1,150,000	5.0	2.0	2.0	19 Apr 2022	On Market
1016 Millwood Rd	$1,150,000	5.0	2.0	2.0	19 Apr 2022	On Market
1016 Millwood Rd	$1,150,000	5.0	2.0	2.0	19 Apr 2022	On Market
1016 Millwood Rd	$1,150,000	5.0	2.0	2.0	19 Apr 2022	On Market
1016 Millwood Rd	$1,150,000	5.0	2.0	2.0	19 Apr 2022	On Market