Question 1

Is Triabunna a nice place to live?

Accepted Answer

Triabunna is a small east coast township built around a working harbour on Spring Bay and the mainland departure point for the ferry to Maria Island. The Tasman Highway runs through town, and the local scene centres on a small marina and boat ramp, a cluster of shops and a pub, giving the place a maritime, country feel. Housing ranges from older weatherboard and fibro cottages to newer holiday designs.

A community of 905 people with a median age of 51, where the typical household earns $919 a week, roughly $47,800 a year.

Families are dominated by couples without children, who make up 53.3% of families (144 households). Couple families with children account for 25.2% (68 households) and one-parent families 20.4% (55 households). Other families are 1.1% (3 households).

Homes in Triabunna are mostly owner-occupied: 49.3% are owned outright and 25.9% are owned with a mortgage, giving owner-occupation of 75.2% overall, while 24.8% of dwellings are rented.

Question 2

Is it expensive to live in Triabunna?

Accepted Answer

A house rent of $458 a week in Triabunna would take about 49.8% of a typical local household's weekly income at the last Census, which is roughly half of that income and counts as a large share of income. On the figures, renting a house would use a substantial portion of what a typical local household earned at the last Census.

If you're renting, that rent share is the number that matters when weighing Triabunna; whether it feels expensive will depend on your own income and circumstances.

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 Triabunna a good place to invest?

Accepted Answer

Over the past 12 months house values in Triabunna fell sharply, down 12.5%. House rents edged up 1.8% over the same period, a slight rise.

For someone weighing Triabunna up as an investment, the figures show the capital value side moved down over the year while rental income moved only marginally higher. Which of those outcomes matters to you depends on your own 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	N/A	N/A
Change in value Past 12 months	-12.5%	N/A
Sold Past 3 months	3	N/A
Median days on market Past 12 months	42	N/A
Average rent Past 12 months	$458	N/A
Change in rent Past 12 months	1.8%	N/A

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