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ABS 2021 Census · Updated 21 May 2026
Bungaree is a regional centre in Tasmania, Australia, with a population of approximately 9, making it a boutique locality. Located approximately 446 km from the Hobart CBD, Bungaree is a regional area in Tasmania. The median household income is $116,948 per year.
Strong household incomes in Bungaree underpin solid property demand. As a regional location, growth prospects depend on local economic conditions and infrastructure investment.
Official Australia Post postcode for Bungaree. 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 Bungaree 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.
Bungaree is a smaller community of 9 — about 0% 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 $116,948/year runs 58% 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. The median weekly rent of $150 translates to approximately $7,800/year in gross rental income, setting the upper bound on yield before vacancy, rates, insurance and maintenance. Bungaree is 446 km from Hobart, so the local market tracks regional employment and lifestyle drivers more than CBD-driven commuter demand. Separate houses make up 100% of dwellings — 20 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 Bungaree stacks up against the median of all Tasmania suburbs in our dataset. Positive values mean Bungaree sits above the state median; negative means below.
| Metric | Bungaree | TAS median | Δ vs state |
|---|---|---|---|
| Population | 9 | 3,902 | -100% |
| Median household income | $116,948/yr | $73,944/yr | +58% |
| Median rent (weekly) | $150 | $320 | -53% |
| Distance to CBD | 446 km | 24 km | +1758% |
| Separate houses | 100% | 80% | +20pp |
Pre-inspection briefing for Bungaree — every item is derived from public datasets, with full citations in our data sources page.
Limited buy-and-hold upside: a small population of 9 means liquidity is thin and capital growth tends to lag the wider Tasmania market over full cycles.
Gross rent of $150/week (~$7,800/year) sets the yield ceiling. Cross-check against your purchase price to confirm whether this suburb hits the 4–5% gross yield most Australian investors target.
With 100% houses in a 9-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 Bungaree property
Scenario comparison, cash flow analysis, tax modelling, and PDF export — all in one place.
Create free account →Capital-growth expectations for Bungaree are modest for 2026 — incomes 58% above the TAS median of $73,944 and a population of 9 suggest gains will lag headline metro markets. Rents sit around $150/week, setting the baseline gross rental income at roughly $7,800/year — refine this against current listings before running your numbers. The EquitySight investment score of 46/100 places Bungaree in the mid tier of Australian suburbs we profile, and overall investor sentiment is cautious heading into the second half of 2026.
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Bungaree scores 46/100 on our EquitySight investment framework — a moderate rating. That score is driven by a population of 9, median household income of $116,948/year and median weekly rent of $150. 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 Bungaree are an above-state-median household income of $116,948/year, a dwelling mix that is 100% 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.
Bungaree has a usual resident population of approximately 9, 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.
Bungaree sits 446 km straight-line from the Hobart CBD. This is a regional market where CBD distance is only indicative — local industry diversity and commute alternatives matter more.
The most recent census recorded a median weekly rent of $150 in Bungaree, equating to approximately $7,800/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.
A reliable median mortgage figure was not captured for Bungaree. Use our loan serviceability calculator to estimate a realistic monthly repayment for your target purchase price and deposit.
Census data was not complete enough in Bungaree to compute a clean rent-to-mortgage coverage. Use current listings to benchmark weekly rent, then plug your expected purchase price into our rental yield calculator to see whether the investment runs cash-flow positive or negative.
The main risks are a thin buyer pool (9 residents), interest-rate sensitivity, 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.