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Suburb Insights ยท TAS 7027

Colebrook 7027, Tasmania

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Colebrook is a well-established middle-ring suburb of Hobart, Australia, with a population of approximately 372, making it a boutique locality. Located approximately 40 km from the Hobart CBD, Colebrook is a middle ring area in Tasmania. The median household income is $45,760 AUD per year (ABS 2021 Census).

Investment Score

39 / 100 Weak

Lower income levels in Colebrook typically translate to more affordable entry points for investors. Greater distance from the CBD may temper short-term capital growth.

Location

Map shows Colebrook, Tasmania, Australia.

Key Indicators

Postcode
7027

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

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Population
372

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.

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Median Household Income
$45,760/yr

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

ABS Census Data โ†’
Distance to CBD
40 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)
$1,083/mo

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

Colebrook's middle-ring location balances affordability with accessibility. These suburbs often benefit from established infrastructure, good schools, and transport links โ€” making them attractive to families and long-term tenants. The median rent of $225/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $1,083/month. 86% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

A buy-and-hold approach in Colebrook could work well with careful property selection and a longer time horizon.

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Rental Yield

Rental yields in Colebrook tend to be lower โ€” investors may need to rely on capital growth instead.

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Renovation / Flip

Renovation or flip strategies in Colebrook face headwinds from a smaller buyer pool and slower turnover.

Risk Factors

Run the numbers on a Colebrook property

Full Property Analysis

30-year projections for Colebrook

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2026 Outlook

Growth: Low Rental Demand: Moderate Investor Sentiment: Low

Capital growth in Colebrook may remain subdued in 2026, with limited demand drivers in the near term. Rental demand is expected to be stable, though landlords may need to remain competitive on pricing. Sentiment is subdued, though improving local conditions could shift perceptions over time.

Frequently Asked Questions

Is Colebrook a good suburb for investment?

Colebrook is a middle ring area in Tasmania with a population of 372. The median rent is $225/week and the median household income is $45,760/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 Colebrook?

Key demand drivers in Colebrook include established amenities and transport access. 86% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Colebrook?

According to the ABS 2021 Census, Colebrook has a population of approximately 372. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Colebrook from the Hobart CBD?

Colebrook is approximately 40 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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