Strahan TAS Property Investment

THE MARKET

Strahan recorded 4.3% annual price growth over the past 5 years — a $343,000 house bought in 2019 would be worth approximately $277,890 today. Properties are sitting on the market for 24 days (sellers have the leverage).

- **Median house:** $343,000 | **Units:** $89,844 - **Gross yield:** 4.4% | **Net yield:** 2.9% - **Vacancy:** 2.5% (stable) | **Rental demand:** Moderate - **5yr price growth:** 4.3%/yr | **3yr forecast:** 4.9%/yr - **Days on market:** 24 (improving)

STR potential: $175/night at 65% occupancy = ~$41,519/yr gross. That's a **175% premium** over long-term rent — but factor in higher management costs and council rules.

BULL CASE

If Strahan maintains 3%+ annual growth and vacancy stays below 1.8%, median prices could reach $394,450 within 3 years with yields compressing slightly as capital values rise.

BEAR CASE

A market correction or interest rate shock could see prices in Strahan pull back 10-15% from $343,000, with vacancy rising to 4.5% and rental yields softening as tenants gain leverage.

WHAT TO DO

Strahan offers balanced fundamentals but does not present an urgent buying signal. The market is in a growth phase with moderate vacancy risk. Monitor vacancy trends and price movements over the next 6-12 months. Only enter if a property can be acquired at or below median pricing with yields exceeding 4.9%.

- Entry range: $308,700 – $377,300 - Minimum yield to target: 4.7% - Watch signal: vacancy dropping below 2% and days on market holding under 35

This analysis is for informational purposes only and does not constitute financial, legal, or investment advice. Seek professional advice before making investment decisions.