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Suburb Insights ยท TAS 7304

Elizabeth Town 7304, Tasmania

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Elizabeth Town is a regional centre in Tasmania, Australia, with a population of approximately 299, making it a boutique locality. Located approximately 174 km from the Hobart CBD, Elizabeth Town is a regional area in Tasmania. The median household income is $61,724 AUD per year (ABS 2021 Census).

Investment Score

26 / 100 Weak

Household earnings in Elizabeth Town are below the state average, which may affect long-term capital growth. As a regional location, growth prospects depend on local economic conditions and infrastructure investment.

Location

Map shows Elizabeth Town, Tasmania, Australia.

Key Indicators

Postcode
7304

Official Australia Post postcode for Elizabeth Town. A postcode may cover multiple suburbs.

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Population
299

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

ABS Census Data โ†’
Median Rent (weekly)
$300/wk

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

State Rental Authority โ†’
Median Household Income
$61,724/yr

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

ABS Census Data โ†’
Distance to CBD
174 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)
$1,200/mo

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

ABS Census Data โ†’
Dwelling Type
90% 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, Elizabeth Town 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 $300/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $1,200/month. 90% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

Capital growth in Elizabeth Town may be constrained โ€” consider alternative strategies.

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Rental Yield

Expect competitive but not exceptional rental returns in Elizabeth Town's current market.

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Renovation / Flip

The resale market in Elizabeth Town may not support quick-turnaround renovation projects.

Risk Factors

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Full Property Analysis

30-year projections for Elizabeth Town

Scenario comparison, cash flow analysis, tax modelling, and PDF export โ€” all in one place.

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2026 Outlook

Growth: Low Rental Demand: Low Investor Sentiment: Low

Price movement in Elizabeth Town is expected to be flat to modest in 2026, reflecting broader regional market conditions. Rental demand may be softer โ€” budgeting for vacancy periods is prudent in Elizabeth Town's 2026 outlook. Investor sentiment toward Elizabeth Town is currently lukewarm โ€” value hunters may find opportunity here.

Frequently Asked Questions

Is Elizabeth Town a good suburb for investment?

Elizabeth Town is a regional area in Tasmania with a population of 299. The median rent is $300/week and the median household income is $61,724/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 Elizabeth Town?

Key demand drivers in Elizabeth Town include regional employment hubs, lifestyle, and affordability. 90% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Elizabeth Town?

According to the ABS 2021 Census, Elizabeth Town has a population of approximately 299. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Elizabeth Town from the Hobart CBD?

Elizabeth Town is approximately 174 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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