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Suburb Insights · TAS 7215

Falmouth, TAS 7215 Property Profile

ABS 2021 Census · Updated 21 May 2026

Suburb Overview

Falmouth is a regional centre in Tasmania, Australia, with a population of approximately 139, making it a boutique locality. Located approximately 169 km from the Hobart CBD, Falmouth is a regional area in Tasmania. The median household income is $55,900 per year.

Investment Score

27 / 100 Weak

Falmouth's income profile suggests a value-oriented market with competitive purchase prices. As a regional location, growth prospects depend on local economic conditions and infrastructure investment.

Location

Hobart
Falmouth
Tasmania · 7215
169 km from Hobart CBD
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Key Indicators

Postcode
7215

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

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Population
139

Usual resident population at the most recent census.

Median weekly rent
$260/wk

Weekly median rent for occupied homes. Live rental data integration coming soon.

Median household income
$55,900/yr

Annual median household income (before tax) across all households.

Distance to CBD
169 km

Straight-line distance from the suburb centroid 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.

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Parks & green spaces
1

Estimated 1 park and green spaces near this suburb.

Median monthly mortgage
$1,679/mo

Monthly median mortgage repayment for households currently paying off a mortgage.

Home type
54% houses

Proportion of separate houses versus units, townhouses, and other home types. Useful for investors assessing rental demand mix.

Investment Insight

Falmouth is a smaller community of 139 — about 4% of the Tasmania suburb median (3,902) — so investors should factor in the narrower buyer pool and longer average time-on-market. Falmouth's median household income of $55,900/year is 24% below the Tasmania suburb median ($73,944) — this is an affordability play where returns lean on yield and patient capital growth rather than demographic premium. Median rent of $260/week (~$1,127/month) covers only 67% of the median mortgage of $1,679/month — the remaining $552/month must be funded from other income, so this suburb tilts toward capital growth rather than yield. Falmouth is 169 km from Hobart, so the local market tracks regional employment and lifestyle drivers more than CBD-driven commuter demand. Only 54% 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.

Falmouth vs Tasmania Median

How Falmouth stacks up against the median of all Tasmania suburbs in our dataset. Positive values mean Falmouth sits above the state median; negative means below.

MetricFalmouthTAS medianΔ vs state
Population1393,902-96%
Median household income$55,900/yr$73,944/yr-24%
Median rent (weekly)$260$320-19%
Median mortgage (monthly)$1,679$1,378+22%
Distance to CBD169 km24 km+604%
Separate houses54%80%-26pp

Investor Checklist

Pre-inspection briefing for Falmouth — every item is derived from public datasets, with full citations in our data sources page.

Investment Strategy

Buy & Hold

Limited buy-and-hold upside: a small population of 139 means liquidity is thin and capital growth tends to lag the wider Tasmania market over full cycles.

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Rental Yield

Moderate rental coverage: rent of $260/week covers 67% of a $1,679/month mortgage, leaving a $552/month gap that an investor bridges with equity, depreciation and tax benefits.

Renovation / Flip

Only 54% 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.

Risk Factors

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30-year projections for Falmouth

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2026 Outlook

Growth: Low Rental Demand: Low Investor Sentiment: Low

Capital-growth expectations for Falmouth are modest for 2026 — incomes 24% below the TAS median of $73,944 and a population of 139 suggest gains will lag headline metro markets. Rental coverage runs at ~67% of the typical mortgage ($1,127/month rent vs $1,679/month repayment), leaving a manageable top-up for most investors. The EquitySight investment score of 27/100 places Falmouth 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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Frequently Asked Questions

Is Falmouth a good suburb for investment?

Falmouth scores 27/100 on our EquitySight investment framework — a weak rating. That score is driven by a population of 139, median household income of $55,900/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.

What drives property demand in Falmouth?

The main demand drivers in Falmouth are a median household income of $55,900/year, a dwelling mix that is 54% 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.

What is the population of Falmouth?

Falmouth has a usual resident population of approximately 139, 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.

How far is Falmouth from the Hobart CBD?

Falmouth sits 169 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.

What is the median rent in Falmouth?

The most recent census recorded a median weekly rent of $260 in Falmouth, 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.

What is the typical mortgage repayment in Falmouth?

The median monthly mortgage repayment in Falmouth is $1,679, or approximately $20,148/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.

Is Falmouth cash-flow positive for investors?

A median weekly rent of $260 works out to $1,127/month, covering 67% of the median mortgage repayment of $1,679/month. That leaves a $552/month shortfall (around $6,624/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.

What are the main risks of investing in Falmouth?

The main risks are a thin buyer pool (139 residents), interest-rate sensitivity on the $1,679 median mortgage, below-median household incomes ($55,900 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.

How we built this Falmouth profile

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.

Nearby Suburbs

Tasmania Property Resources