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Suburb Insights ยท TAS 7321

Chasm Creek 7321, Tasmania

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Chasm Creek is a regional centre in Tasmania, Australia, with a population of approximately 53, making it a boutique locality. Located approximately 231 km from the Hobart CBD, Chasm Creek is a regional area in Tasmania. The median household income is $92,612 AUD per year (ABS 2021 Census).

Investment Score

44 / 100 Moderate

Chasm Creek benefits from a high-income resident base, supporting premium property pricing. Regional positioning means lower entry costs but potentially longer hold periods for capital gains.

Location

Map shows Chasm Creek, Tasmania, Australia.

Key Indicators

Postcode
7321

Official Australia Post postcode for Chasm Creek. A postcode may cover multiple suburbs.

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Population
53

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

ABS Census Data โ†’
Median Rent (weekly)
$265/wk

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

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Median Household Income
$92,612/yr

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

ABS Census Data โ†’
Distance to CBD
231 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)
$867/mo

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

ABS Census Data โ†’
Dwelling Type
100% 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, Chasm Creek 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 $265/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $867/month. The median household income of $92,612/year reflects a solid demographic, supporting sustainable rental demand. 100% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

Holding property in Chasm Creek over the medium term may deliver steady, if unspectacular, returns.

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Rental Yield

Chasm Creek's rental market is softer โ€” budget for potential vacancy periods.

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Renovation / Flip

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

Risk Factors

Run the numbers on a Chasm Creek property

Full Property Analysis

30-year projections for Chasm Creek

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2026 Outlook

Growth: Low Rental Demand: Low Investor Sentiment: Low

Price movement in Chasm Creek is expected to be flat to modest in 2026, reflecting broader regional market conditions. Landlords in Chasm Creek may face longer tenant search times; competitive pricing will be important. Sentiment is subdued, though improving local conditions could shift perceptions over time.

Frequently Asked Questions

Is Chasm Creek a good suburb for investment?

Chasm Creek is a regional area in Tasmania with a population of 53. The median rent is $265/week and the median household income is $92,612/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 Chasm Creek?

Key demand drivers in Chasm Creek include regional employment hubs, lifestyle, and affordability. 100% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Chasm Creek?

According to the ABS 2021 Census, Chasm Creek has a population of approximately 53. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Chasm Creek from the Hobart CBD?

Chasm Creek is approximately 231 km straight-line distance from the Hobart CBD (calculated from ABS 2021 suburb centroid coordinates). As a regional or remote location, travel to the capital is significant โ€” local amenities and employment are important investment considerations.

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