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Suburb Insights ยท TAS 7210

Lake Leake 7210, Tasmania

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Lake Leake is a regional centre in Tasmania, Australia, with a population of approximately 59, making it a boutique locality. Located approximately 105 km from the Hobart CBD, Lake Leake is a regional area in Tasmania. The median household income is $53,300 AUD per year (ABS 2021 Census).

Investment Score

24 / 100 Weak

Household earnings in Lake Leake 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 Lake Leake, Tasmania, Australia.

Key Indicators

Postcode
7210

Official Australia Post postcode for Lake Leake. A postcode may cover multiple suburbs.

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Population
59

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

ABS Census Data โ†’
Median Rent (weekly)
$175/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
$53,300/yr

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

ABS Census Data โ†’
Distance to CBD
105 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)
$550/mo

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

ABS Census Data โ†’
Dwelling Type
18% 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, Lake Leake 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 $175/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $550/month. With only 18% separate houses, Lake Leake has a significant apartment and unit market โ€” typical of inner-city investment corridors.

Investment Strategy

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Buy & Hold

Buy-and-hold in Lake Leake carries higher risk due to limited demand drivers and slower growth fundamentals.

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Rental Yield

Lake Leake's rental market is softer โ€” budget for potential vacancy periods.

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Renovation / Flip

The resale market in Lake Leake may not support quick-turnaround renovation projects.

Risk Factors

Run the numbers on a Lake Leake property

Full Property Analysis

30-year projections for Lake Leake

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 Lake Leake 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 Lake Leake's 2026 outlook. Sentiment is subdued, though improving local conditions could shift perceptions over time.

Frequently Asked Questions

Is Lake Leake a good suburb for investment?

Lake Leake is a regional area in Tasmania with a population of 59. The median rent is $175/week and the median household income is $53,300/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 Lake Leake?

Key demand drivers in Lake Leake include regional employment hubs, lifestyle, and affordability. 18% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Lake Leake?

According to the ABS 2021 Census, Lake Leake has a population of approximately 59. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Lake Leake from the Hobart CBD?

Lake Leake is approximately 105 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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