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Hadspen suburb profile

Hadspen is a charming suburb located in the Meander Valley, just 8km southwest of Launceston, Tasmania. Known for its picturesque setting along the South Esk River, Hadspen offers a tranquil lifestyle with a blend of natural beauty and historical significance. The suburb is home to Entally House, a historic estate that attracts visitors with its gardens and heritage architecture. Hadspen provides a peaceful residential environment with a strong sense of community, making it ideal for families and retirees. Its proximity to Launceston ensures easy access to urban amenities while maintaining a serene, rural atmosphere.

Hadspen property market performance

Hadspen’s property market has shown notable growth in house values over the past 12 months, with an impressive increase of 21.6%. However, unit values have remained stable with no change. Despite the growth in house values, the current median house and unit prices are reported as $0, indicating potential data anomalies or market peculiarities.

Sales activity has been modest, with 5 houses and 7 units sold over the past 12 months. Properties in Hadspen are moving relatively quickly, with houses spending a median of 21 days on the market and units just 18 days, suggesting a brisk market pace.

In the rental market, house rents have increased by 4.2% over the last year, with an average rent of $500. However, unit rents have not changed, and the average rent for units is reported as $0, which may reflect limited rental data or market conditions.

HousesUnits
Median price
Past 3 months
N/AN/A
Change in value
Past 12 months
23.3%N/A
Sold
Past 3 months
82
Median days on market
Past 12 months
1918
Average rent
Past 12 months
$500$390
Change in rent
Past 12 months
3.1%2.6%

5 year median price trend for houses and units

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Hadspen demographics

Hadspen, a charming suburb located in Tasmania, offers a serene lifestyle with a touch of rural charm. With a population of 2,429, it provides a close-knit community atmosphere that appeals to families and individuals seeking a peaceful environment. The median age of 39 suggests a balanced mix of young families and mature residents, contributing to a stable and welcoming community.

The suburb's housing landscape is predominantly owner-occupied, with 33.9% of properties owned outright and 46.3% owned with a mortgage. This high rate of homeownership reflects the suburb's appeal to those looking for long-term stability and investment in their living arrangements. Only 19.7% of properties are rented, indicating a lower transient population compared to more urban areas.

Family life is a significant aspect of Hadspen, with 43.4% of households comprising couple families with children and 40.3% being couple families without children. This demographic composition highlights the suburb's suitability for both growing families and those enjoying a quieter lifestyle. The presence of one-parent families at 15.5% adds to the diversity of family structures within the community.

Overall, Hadspen offers a tranquil lifestyle with the convenience of being close to larger towns and cities. Its strong sense of community, combined with affordable living and a family-friendly environment, makes it an attractive option for those looking to settle in a picturesque Tasmanian setting.

Suburbs near Hadspen

Some popular suburbs near Hadspen include:

  • Blackstone Heights: Known for its scenic views and tranquil environment, Blackstone Heights is located northeast of Hadspen.
  • Prospect Vale: Offering a mix of residential and commercial amenities, Prospect Vale is situated to the east of Hadspen.
  • Carrick: Known for its historic charm and rural setting, Carrick lies to the west of Hadspen.
  • Summerhill: Featuring family-friendly parks and schools, Summerhill is located to the northeast of Hadspen.
  • Prospect: Known for its convenient shopping and dining options, Prospect is situated to the east of Hadspen.

How does Hadspen compare to nearby suburbs?

  • Median house prices: Hadspen’s median house price is 4.8% lower than Prospect Vale’s.
  • House price growth: Over the past 12 months, house prices in Hadspen have grown 20.0% higher than in Blackstone Heights.
  • Selling speed for houses: Properties in Hadspen are selling 34.5% faster than in Blackstone Heights.
  • Selling speed for units: Properties in nearby Prospect Vale are selling 5.6% faster than in Hadspen.

Choose the right real estate agents in Hadspen

Choosing the right real estate agent in Hadspen can have a big impact on your sale. While there are 33 real estate agents working in the suburb, but just 5 of them were responsible for 53.5% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 2.38% to 3.25%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.

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