EquitySight.app
Free full calculator →
EquitySight.app
Free full calculator →
ABS 2021 Census · Updated 21 May 2026
Bonnet Hill is a well-established middle-ring suburb of Hobart, Australia, with a population of approximately 515, making it a boutique locality. Located approximately 10 km from the Hobart CBD, Bonnet Hill is a middle ring area in Tasmania. The median household income is $123,084 per year.
Bonnet Hill benefits from a high-income resident base, supporting premium property pricing. The short commute to the city centre is a key demand driver.
Official Australia Post postcode for Bonnet Hill. A postcode may cover multiple suburbs.
Australia Post Postcode Finder →Usual resident population at the most recent census.
Weekly median rent for occupied homes. Live rental data integration coming soon.
Annual median household income (before tax) across all households.
Straight-line distance from the suburb centroid to the nearest capital city CBD. Actual driving distance will be longer.
Estimated 1 school within or near this suburb.
Find schools near Bonnet Hill on My School →Estimated 1 park and green spaces near this suburb.
Monthly median mortgage repayment for households currently paying off a mortgage.
Proportion of separate houses versus units, townhouses, and other home types. Useful for investors assessing rental demand mix.
Bonnet Hill is a smaller community of 515 — about 13% of the Tasmania suburb median (3,902) — so investors should factor in the narrower buyer pool and longer average time-on-market. Median household income of $123,084/year runs 66% above the Tasmania suburb median of $73,944, indicating strong purchasing power and the type of demographic profile that tends to sustain premium property prices through market cycles. Median weekly rent of $455 equates to $1,972/month — about 92% of the median mortgage repayment of $2,134/month — meaning rental income covers most of a typical owner's repayment and this is a genuine cash-flow suburb before tax benefits. At 10 km from the Hobart CBD, Bonnet Hill sits inside the high-demand inner ring — properties here compete directly with the city's employment, transport and amenity networks. Separate houses make up 98% of dwellings — 18 percentage points above the Tasmania median of 80% — pointing to a family-oriented, land-rich market where value is concentrated in the underlying block.
How Bonnet Hill stacks up against the median of all Tasmania suburbs in our dataset. Positive values mean Bonnet Hill sits above the state median; negative means below.
| Metric | Bonnet Hill | TAS median | Δ vs state |
|---|---|---|---|
| Population | 515 | 3,902 | -87% |
| Median household income | $123,084/yr | $73,944/yr | +66% |
| Median rent (weekly) | $455 | $320 | +42% |
| Median mortgage (monthly) | $2,134 | $1,378 | +55% |
| Distance to CBD | 10 km | 24 km | -58% |
| Separate houses | 98% | 80% | +18pp |
Pre-inspection briefing for Bonnet Hill — every item is derived from public datasets, with full citations in our data sources page.
Strong buy-and-hold fundamentals: household incomes run 66% above the Tasmania suburb median ($123,084 vs $73,944), and the 10 km CBD distance keeps this suburb in the primary demand zone. In Tasmania, suburbs with this profile have historically clustered in the upper tercile of 10-year capital growth.
Strong rental coverage: $455/week (~$1,972/month) covers 92% of the $2,134/month median mortgage repayment, so the shortfall sits at just $162/month. Investors targeting positive cash flow should shortlist this suburb.
With 98% houses in a 515-person market, renovation margins depend on individual street and aspect rather than any suburb-wide story — do comparable-sales analysis before committing capital.
Run the numbers on a Bonnet Hill property
Scenario comparison, cash flow analysis, tax modelling, and PDF export — all in one place.
Create free account →Bonnet Hill enters 2026 with a demographic tailwind — household incomes 66% above the Tasmania suburb median of $73,944 and a population of 515 give it the depth and purchasing power to outperform the wider TAS market over the next 12–18 months. Rental coverage runs at ~92% of the typical mortgage ($1,972/month rent vs $2,134/month repayment), keeping cash flow in positive or near-neutral territory. The EquitySight investment score of 70/100 places Bonnet Hill in the upper-middle tier of Australian suburbs we profile, and overall investor sentiment is constructive heading into the second half of 2026.
Lived in Bonnet Hill? Help other investors with an honest 100-word review. Sign-in required; all reviews are manually moderated before they appear.
Bonnet Hill scores 70/100 on our EquitySight investment framework — a good rating. That score is driven by a population of 515, median household income of $123,084/year and median weekly rent of $455. Whether it fits your portfolio depends on whether you are targeting cash flow, capital growth, or a value-add renovation — all three are scored with suburb-specific numbers elsewhere on this page.
The main demand drivers in Bonnet Hill are proximity to Hobart (10 km), an above-state-median household income of $123,084/year, a dwelling mix that is 98% separate houses, roughly 1 schools and 1 parks within the catchment. Together these shape both owner-occupier and tenant demand and are the factors we weight most heavily in the suburb's investment score.
Bonnet Hill has a usual resident population of approximately 515, compared with a Tasmania suburb median of 3,902 — placing it in the lower half of the state's suburbs by size. Population is the clearest proxy for market depth: more residents mean more transactions and typically a shorter average days-on-market on resale.
Bonnet Hill sits 10 km straight-line from the Hobart CBD. This is inner-ring territory — pricing competes directly with established Hobart employment nodes.
The most recent census recorded a median weekly rent of $455 in Bonnet Hill, equating to approximately $23,660/year in gross rental income (state median $320/week). Market rents have typically drifted above the recorded figure — verify against current listings on realestate.com.au and Domain before making an offer.
The median monthly mortgage repayment in Bonnet Hill is $2,134, or approximately $25,608/year (vs $1,378/month state median). Stress-test your own borrowing at rates 1–2 percentage points above today's to make sure you can still service the loan through an RBA tightening cycle.
A median weekly rent of $455 works out to $1,972/month, covering 92% of the median mortgage repayment of $2,134/month. That leaves a $162/month shortfall (around $1,944/year before tax benefits), so a typical owner-occupier-priced property here is negatively geared. Actual cash flow depends on your deposit, loan terms, ownership costs and marginal tax rate — run the full numbers in our rental yield calculator.
The main risks are a thin buyer pool (515 residents), interest-rate sensitivity on the $2,134 median mortgage, the broader Tasmania market cycle. Each of these is covered in the Risk Factors section above with suburb-specific numbers rather than generic warnings.
Every number on this page comes from the ABS 2021 Census of Population and Housing, Australia Post postcode reference data, and OpenStreetMap amenity tiles. The investment score, strategy verdicts, and comparison table are computed deterministically from those inputs — no opinion, no estimation. See our full methodology and the data sources and licences for the formulas we use.