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ABS 2021 Census · Updated 21 May 2026
Coles Bay is a regional centre in Tasmania, Australia, with a population of approximately 515, making it a boutique locality. Located approximately 118 km from the Hobart CBD, Coles Bay is a regional area in Tasmania. The median household income is $70,408 per year.
Household earnings in Coles Bay are below the state average, which may affect long-term capital growth. Regional positioning means lower entry costs but potentially longer hold periods for capital gains.
Official Australia Post postcode for Coles Bay. 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 Coles Bay 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.
Coles Bay 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. At $70,408/year, household income in Coles Bay is within 5% of the Tasmania median ($73,944), placing the suburb firmly in the state's mainstream demographic band. Rent of $260/week (87% coverage of the $1,300/month median mortgage) leaves a gap of roughly $173/month that a typical investor bridges with negative gearing, depreciation and capital growth. Coles Bay is 118 km from Hobart, so the local market tracks regional employment and lifestyle drivers more than CBD-driven commuter demand. Only 24% of dwellings are separate houses (vs 80% state median), so this is a unit-heavy market where body-corporate decisions and strata supply meaningfully shape investor returns.
How Coles Bay stacks up against the median of all Tasmania suburbs in our dataset. Positive values mean Coles Bay sits above the state median; negative means below.
| Metric | Coles Bay | TAS median | Δ vs state |
|---|---|---|---|
| Population | 515 | 3,902 | -87% |
| Median household income | $70,408/yr | $73,944/yr | -5% |
| Median rent (weekly) | $260 | $320 | -19% |
| Median mortgage (monthly) | $1,300 | $1,378 | -6% |
| Distance to CBD | 118 km | 24 km | +392% |
| Separate houses | 24% | 80% | -56pp |
Pre-inspection briefing for Coles Bay — every item is derived from public datasets, with full citations in our data sources page.
Limited buy-and-hold upside: a small population of 515 means liquidity is thin and capital growth tends to lag the wider Tasmania market over full cycles.
Strong rental coverage: $260/week (~$1,127/month) covers 87% of the $1,300/month median mortgage repayment, so the shortfall sits at just $173/month. Investors targeting positive cash flow should shortlist this suburb.
Only 24% of dwellings are separate houses (vs 80% TAS median) — this is a unit and townhouse market, where cosmetic flips struggle against body-corporate restrictions, thinner after-reno uplift and competing new supply.
Run the numbers on a Coles Bay property
Scenario comparison, cash flow analysis, tax modelling, and PDF export — all in one place.
Create free account →Capital-growth expectations for Coles Bay are modest for 2026 — incomes 5% below the TAS median of $73,944 and a population of 515 suggest gains will lag headline metro markets. Rental coverage runs at ~87% of the typical mortgage ($1,127/month rent vs $1,300/month repayment), keeping cash flow in positive or near-neutral territory. The EquitySight investment score of 32/100 places Coles Bay in the lower tier of Australian suburbs we profile, and overall investor sentiment is cautious heading into the second half of 2026.
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Coles Bay scores 32/100 on our EquitySight investment framework — a weak rating. That score is driven by a population of 515, median household income of $70,408/year and median weekly rent of $260. 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 Coles Bay are a median household income of $70,408/year, a dwelling mix that is 24% 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.
Coles Bay 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.
Coles Bay sits 118 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 $260 in Coles Bay, equating to approximately $13,520/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 Coles Bay is $1,300, or approximately $15,600/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 $260 works out to $1,127/month, covering 87% of the median mortgage repayment of $1,300/month. That leaves a $173/month shortfall (around $2,076/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 $1,300 median mortgage, a unit-heavy dwelling mix (24% houses) where body-corporate costs and apartment supply affect resale, 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.