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ABS 2021 Census · Updated 21 May 2026
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 per year.
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.
Official Australia Post postcode for Lake Leake. 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 Lake Leake 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.
Lake Leake is a smaller community of 59 — about 2% of the Tasmania suburb median (3,902) — so investors should factor in the narrower buyer pool and longer average time-on-market. Lake Leake's median household income of $53,300/year is 28% 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 weekly rent of $175 equates to $758/month — about 138% of the median mortgage repayment of $550/month — meaning rental income covers most of a typical owner's repayment and this is a genuine cash-flow suburb before tax benefits. Lake Leake is 105 km from Hobart, so the local market tracks regional employment and lifestyle drivers more than CBD-driven commuter demand. Only 18% 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 Lake Leake stacks up against the median of all Tasmania suburbs in our dataset. Positive values mean Lake Leake sits above the state median; negative means below.
| Metric | Lake Leake | TAS median | Δ vs state |
|---|---|---|---|
| Population | 59 | 3,902 | -98% |
| Median household income | $53,300/yr | $73,944/yr | -28% |
| Median rent (weekly) | $175 | $320 | -45% |
| Median mortgage (monthly) | $550 | $1,378 | -60% |
| Distance to CBD | 105 km | 24 km | +338% |
| Separate houses | 18% | 80% | -62pp |
Pre-inspection briefing for Lake Leake — every item is derived from public datasets, with full citations in our data sources page.
Limited buy-and-hold upside: a small population of 59 means liquidity is thin and capital growth tends to lag the wider Tasmania market over full cycles.
Strong rental coverage: $175/week (~$758/month) covers 138% of the $550/month median mortgage repayment, so the shortfall sits at just $0/month. Investors targeting positive cash flow should shortlist this suburb.
Only 18% 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 Lake Leake property
Scenario comparison, cash flow analysis, tax modelling, and PDF export — all in one place.
Create free account →Capital-growth expectations for Lake Leake are modest for 2026 — incomes 28% below the TAS median of $73,944 and a population of 59 suggest gains will lag headline metro markets. Rental coverage runs at ~138% of the typical mortgage ($758/month rent vs $550/month repayment), keeping cash flow in positive or near-neutral territory. The EquitySight investment score of 24/100 places Lake Leake 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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Lake Leake scores 24/100 on our EquitySight investment framework — a weak rating. That score is driven by a population of 59, median household income of $53,300/year and median weekly rent of $175. 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 Lake Leake are a median household income of $53,300/year, a dwelling mix that is 18% 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.
Lake Leake has a usual resident population of approximately 59, 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.
Lake Leake sits 105 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 $175 in Lake Leake, equating to approximately $9,100/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 Lake Leake is $550, or approximately $6,600/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 $175 works out to $758/month, covering 138% of the median mortgage repayment of $550/month. That means rent exceeds the median repayment by roughly $208/month, so on these numbers Lake Leake 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 (59 residents), interest-rate sensitivity on the $550 median mortgage, below-median household incomes ($53,300 vs $73,944 state median), a unit-heavy dwelling mix (18% 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.