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ABS 2021 Census · Updated 21 May 2026
Derwent Park is a well-established middle-ring suburb of Hobart, Australia, with a population of approximately 872, making it a boutique locality. Located approximately 6 km from the Hobart CBD, Derwent Park is a middle ring area in Tasmania. The median household income is $61,880 per year.
Lower income levels in Derwent Park typically translate to more affordable entry points for investors. Close CBD access strengthens tenant appeal and resale value.
Official Australia Post postcode for Derwent Park. 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 Derwent Park 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.
Derwent Park is a smaller community of 872 — about 22% of the Tasmania suburb median (3,902) — so investors should factor in the narrower buyer pool and longer average time-on-market. Household income of $61,880/year is 16% below the Tasmania median of $73,944, typically translating into lower entry prices and a tenant base more sensitive to rent increases. Median weekly rent of $350 equates to $1,517/month — about 140% of the median mortgage repayment of $1,083/month — meaning rental income covers most of a typical owner's repayment and this is a genuine cash-flow suburb before tax benefits. At 6 km from the Hobart CBD, Derwent Park sits inside the high-demand inner ring — properties here compete directly with the city's employment, transport and amenity networks.
How Derwent Park stacks up against the median of all Tasmania suburbs in our dataset. Positive values mean Derwent Park sits above the state median; negative means below.
| Metric | Derwent Park | TAS median | Δ vs state |
|---|---|---|---|
| Population | 872 | 3,902 | -78% |
| Median household income | $61,880/yr | $73,944/yr | -16% |
| Median rent (weekly) | $350 | $320 | +9% |
| Median mortgage (monthly) | $1,083 | $1,378 | -21% |
| Distance to CBD | 6 km | 24 km | -75% |
| Separate houses | 82% | 80% | +2pp |
Pre-inspection briefing for Derwent Park — every item is derived from public datasets, with full citations in our data sources page.
Limited buy-and-hold upside: a small population of 872 means liquidity is thin and capital growth tends to lag the wider Tasmania market over full cycles.
Strong rental coverage: $350/week (~$1,517/month) covers 140% of the $1,083/month median mortgage repayment, so the shortfall sits at just $0/month. Investors targeting positive cash flow should shortlist this suburb.
With 82% houses in a 872-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 Derwent Park property
Scenario comparison, cash flow analysis, tax modelling, and PDF export — all in one place.
Create free account →Capital-growth expectations for Derwent Park are modest for 2026 — incomes 16% below the TAS median of $73,944 and a population of 872 suggest gains will lag headline metro markets. Rental coverage runs at ~140% of the typical mortgage ($1,517/month rent vs $1,083/month repayment), keeping cash flow in positive or near-neutral territory. The EquitySight investment score of 49/100 places Derwent Park 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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Derwent Park scores 49/100 on our EquitySight investment framework — a moderate rating. That score is driven by a population of 872, median household income of $61,880/year and median weekly rent of $350. 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 Derwent Park are proximity to Hobart (6 km), a median household income of $61,880/year, a dwelling mix that is 82% 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.
Derwent Park has a usual resident population of approximately 872, 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.
Derwent Park sits 6 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 $350 in Derwent Park, equating to approximately $18,200/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 Derwent Park is $1,083, or approximately $12,996/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 $350 works out to $1,517/month, covering 140% of the median mortgage repayment of $1,083/month. That means rent exceeds the median repayment by roughly $434/month, so on these numbers Derwent Park leans cash-flow-positive before accounting for strata, council rates, insurance and maintenance. 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 (872 residents), interest-rate sensitivity on the $1,083 median mortgage, below-median household incomes ($61,880 vs $73,944 state median), 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.