Question 1

Is Deloraine a nice place to live?

Accepted Answer

Deloraine is a regional town on the Meander River in northern Tasmania, with a well preserved main street of historic buildings, a lively weekend craft and farmers market, and a steady stream of galleries and specialist shops. Surrounded by patchwork farmland and low hills, it serves the surrounding rural district and provides ready access to the bushland of the Great Western Tiers. Home to 3,035 people with a median age of 50, the community is weighted towards couple families and includes creatives and others drawn to a quieter lifestyle. Housing ranges from Victorian cottages and period terraces to modern suburban homes and rural lifestyle blocks, and 71.4% of dwellings are owner-occupied while 28.6% are rented.

Local investment is under way: a council-led recreation precinct renewal at the Deloraine Racecourse is moving into staged delivery, works on the Meander Riverbank Reserve are under way including stabilisation and installation of solar wayfinding lights, and a government-supported expansion at Deloraine Medical Centre will add consulting rooms and more bulk-billing appointments. An upgrade to the Bass Highway affecting Deloraine is also in detailed design with construction planned. Whether Deloraine suits you depends on whether you value an established regional centre with market activity, creative shops and access to nearby bushland.

Question 2

Is it expensive to live in Deloraine?

Accepted Answer

In Deloraine, the median house price of $560,000 works out to about 10.9 times a typical local household's annual income as recorded at the most recent Census (weekly household income $990). On that measure, buying sits well above what a typical local household earned at the last Census.

Renting looks stretched too: a house rent of $480 a week would take about 48.5% of a typical local household's weekly income at the last Census, and a unit rent of $475 a week would take about 48.0%. If you are mainly thinking about renting, those rent shares are the most relevant figures; if buying, the purchase multiple is the key measure.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Deloraine a good place to invest?

Accepted Answer

The clearest movement in Deloraine over the past 12 months is in unit rents, which climbed 18.8%, a strong increase. House rents rose 4.3%, a moderate lift, while house values increased 3.2%, a modest rise. Unit rents therefore moved much faster than house rents this year, and house rents edged up slightly more than house values.

If rental income is your priority, the 18.8% lift in unit rents is the figure that speaks to that interest. If capital growth matters more to you, the 3.2% rise in house values is the relevant number. Which of those outcomes fits your needs depends on your personal goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$560K	N/A
Change in value Past 12 months	3.2%	N/A
Sold Past 3 months	19	2
Median days on market Past 12 months	45	N/A
Average rent Past 12 months	$480	$475
Change in rent Past 12 months	4.3%	18.8%

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