Real Estate Wesley Vale Tas 7307

Real Estate Market: Is Wesley Vale TAS 7307 a Good Suburb to Buy Into?

Housing Market in Wesley Vale

Key Wesley Vale Metrics & Forecast to 2028

Sources: Property Listings and Microburbs, 2002 - 2023

Field	Value	VS West and North West Tas	Trend
Capital Growth Forecast: Houses	Premium	Premium	Premium
Capital Growth Forecast: Houses (2-Year Outlook)	Premium	Premium	Premium
Median yield for houses	Premium	Premium	Premium
Smart median rent: All houses	$487	Bottom 18%	206% to Mar 2025
Smart median sale price: All houses	Premium	Premium	Premium

Housing Supply in Wesley Vale

Wesley Vale 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

Wesley Vale

38.8%

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	2.0	Bottom 42%	Data for Jul 2023
Housing Stock Quality Indicator
Total new residential buildings value (SA2)	Premium	Premium	Premium
Days on market: houses	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	2	Top 34%	100% to Mar 2025

Housing Stock Quality in Wesley Vale

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	98.4%	Bottom 34%	1% to Jan 2021
Average bedrooms - all homes	2.4	Bottom 42%	12% to Jan 2021
NBN connection: fibreoptic cable to node	0.0%	Top 24%	Data for Jun 2023

Development Restrictions in Wesley Vale

Wesley Vale Zoning Map

Sample Graphic

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

Wesley Vale

21.4%

West and North West Tas

28.4%

Compare
Suburbs

	Field	Value	VS West and North West Tas	Trend
	Total area	15.0 sq km	Top 40%	Data for Jan 2021
	Residential density	749 sqm per resident	Bottom 39%	Data for Jan 2021

Risk in Wesley Vale

Wesley Vale 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

Wesley Vale

33.0

West and North West Tas

33.8

Compare
Suburbs

Field	Value	VS West and North West Tas	Trend
% Owner Occupied	98.3%	Top 24%	0 to May 2023
% Rentals	1.7%	Bottom 24%	21% to May 2023
Housing Affordability Index	30	Bottom 41%	Data for Jun 2023
Median monthly mortgage	$1,600	Bottom 32%	14% to May 2023
Rent Affordability Index (Houses)	81	Top 32%	Data for Jun 2023
Rent Affordability Index (Units)	79	Top 32%	Data for Jun 2023
Mortgage as a percent of income	24.0%	Top 40%	1% to Jan 2021
Mortgaged Dwellings	44.4%	Top 34%	22% to May 2023

Housing Demand in Wesley Vale

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

Wesley Vale

36.8%

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)	50100	Bottom 35%	22% to Dec 2023
Historical population growth	Premium	Premium	Premium
Population (LGA)	13100	Top 49%	57% to Dec 2023
Proportion of distressed listings	Premium	Premium	Premium

Unit Market in Wesley Vale

Wesley Vale Unit Investor Report

Sample Graphic

Sources: Property Listings and Microburbs, 2002 - 2023

	Field	Value	VS West and North West Tas	Trend
	Unit to house ratio	51.3%	Bottom 13%	Data for Sep 2024

LGA Details (1)

Headline	Place	Datetime
Local government area	Latrobe (Tas.)

Recently Sold Houses (64)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
710 Port Sorell Rd	Price Withheld	2.0	1.0	2.0	13 Dec 2024	On Market
58 Beer St	Price Withheld	4.0	2.0	11.0	15 Nov 2024	On Market
58 Beer St	$935,000	4.0	2.0	11.0	15 Nov 2024	On Market
5945 Frankford Rd	Price Withheld	3.0	1.0	0.0	24 Jun 2024	On Market
554 Port Sorell Rd	$590,000	4.0	1.0	4.0	26 Mar 2024	On Market

Percent of Renters by Street (15)

Percent of Renters	Street
0.0%	Alderson Rd
0.0%	Beer St
0.0%	Blacks Rd
0.0%	Carters Rd
0.0%	Darbys Rd

Turnover Rate by Street (14)

Turnover rate	Street	Turnover Label	Turnover Years	Year
50.0%	Westwind Dr	very tightly held	Every 20.0 years (very tightly held)	2025
100.0%	Frankford Rd	high turnover	Every 10.0 years (high turnover)	2025
107.7%	Wesley Vale Rd	very high turnover	Every 9.3 years (very high turnover)	2025
125.0%	Pardoe Rd	very high turnover	Every 8.0 years (very high turnover)	2025
94.4%	Port Sorell Rd	high turnover	Every 10.6 years (high turnover)	2025

Businesses (1)

Name	Address
Polished Concrete Creations	20 Beer St, Wesley Vale TAS 7307, Australia

Median House Sale Prices by Street (95)

Street	Date	Median sale value
Port Sorell Rd	10 May 2024	$640,000
Wesley Vale Rd	25 Apr 2024	$727,500
Beer St	06 Oct 2023	$741,800
Blacks Rd	06 Oct 2023	$817,100
Westwind Dr	06 Oct 2023	$402,400

Recently Sold Units (100)

Address	Price	Bedrooms	Bathrooms	Date sold	Sale Type
5945 Frankford Rd	Price Withheld	3.0	1.0	24 Jun 2024	On Market
5945 Frankford Rd	Price Withheld	3.0	1.0	24 Jun 2024	On Market
5945 Frankford Rd	Price Withheld	3.0	1.0	24 Jun 2024	On Market
5945 Frankford Rd	Price Withheld	3.0	1.0	24 Jun 2024	On Market
5945 Frankford Rd	Price Withheld	3.0	1.0	24 Jun 2024	On Market

Recent Rental House Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
710 Port Sorell Rd	$360	3	1	2	12 Mar 2024
710 Port Sorell Rd	$360	3	1	2	12 Mar 2024
710 Port Sorell Rd	$360	3	1	2	12 Mar 2024
710 Port Sorell Rd	$360	3	1	2	12 Mar 2024
710 Port Sorell Rd	$360	3	1	2	12 Mar 2024