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Suburb Insights ยท TAS 7120

Andover 7120, Tasmania

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Andover is a regional centre in Tasmania, Australia, with a population of approximately 39, making it a boutique locality. Located approximately 62 km from the Hobart CBD, Andover is a regional area in Tasmania. The median household income is $74,724 AUD per year (ABS 2021 Census).

Investment Score

35 / 100 Weak

Household incomes in Andover sit in a comfortable mid-range for the Tasmania market. Distance from major centres is a consideration, though regional markets can offer higher rental yields.

Location

Map shows Andover, Tasmania, Australia.

Key Indicators

Postcode
7120

Official Australia Post postcode for Andover. A postcode may cover multiple suburbs.

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Population
39

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$225/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

State Rental Authority โ†’
Median Household Income
$74,724/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
62 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
1

Estimated 1 school within or near this suburb based on ABS 2021 data.

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Parks & green spaces
1

Estimated 1 park and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
N/A

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
86% houses

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

As a regional centre, Andover serves a wide catchment area. Regional property can offer higher rental yields than metro equivalents, though investors should assess local employment diversity and infrastructure plans. The median rent of $225/week (ABS 2021) indicates an affordable rental market. 86% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

Andover offers moderate buy-and-hold potential โ€” look for properties with value-add opportunities.

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Rental Yield

Achieving strong cash flow in Andover is challenging at current rent-to-price ratios.

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Renovation / Flip

Limited buyer depth in Andover makes flip strategies higher-risk โ€” consider rental conversion instead.

Risk Factors

Run the numbers on a Andover property

Full Property Analysis

30-year projections for Andover

Scenario comparison, cash flow analysis, tax modelling, and PDF export โ€” all in one place.

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2026 Outlook

Growth: Low Rental Demand: Low Investor Sentiment: Low

Andover faces a cautious growth outlook for 2026 โ€” investors should focus on yield rather than short-term gains. The rental pipeline in Andover is thinner โ€” flexible lease terms could help secure tenants faster. Sentiment is subdued, though improving local conditions could shift perceptions over time.

Frequently Asked Questions

Is Andover a good suburb for investment?

Andover is a regional area in Tasmania with a population of 39. The median rent is $225/week and the median household income is $74,724/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Andover?

Key demand drivers in Andover include regional employment hubs, lifestyle, and affordability. 86% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Andover?

According to the ABS 2021 Census, Andover has a population of approximately 39. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Andover from the Hobart CBD?

Andover is approximately 62 km straight-line distance from the Hobart CBD (calculated from ABS 2021 suburb centroid coordinates). Road travel times will vary; check current mapping services for up-to-date routes.

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