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Suburb Insights ยท TAS 7109

Lower Wattle Grove 7109, Tasmania

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Lower Wattle Grove is a regional centre in Tasmania, Australia, with a population of approximately 102, making it a boutique locality. Located approximately 39 km from the Hobart CBD, Lower Wattle Grove is a regional area in Tasmania. The median household income is $73,112 AUD per year (ABS 2021 Census).

Investment Score

36 / 100 Weak

Moderate income levels in Lower Wattle Grove indicate steady rental demand from working households. As a regional location, growth prospects depend on local economic conditions and infrastructure investment.

Location

Map shows Lower Wattle Grove, Tasmania, Australia.

Key Indicators

Postcode
7109

Official Australia Post postcode for Lower Wattle Grove. A postcode may cover multiple suburbs.

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Population
102

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

ABS Census Data โ†’
Median Rent (weekly)
$223/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
$73,112/yr

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

ABS Census Data โ†’
Distance to CBD
39 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)
$1,040/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, Lower Wattle Grove 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 $223/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $1,040/month. 90% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

A buy-and-hold approach in Lower Wattle Grove could work well with careful property selection and a longer time horizon.

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Rental Yield

Rental yields in Lower Wattle Grove tend to be lower โ€” investors may need to rely on capital growth instead.

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Renovation / Flip

Renovation or flip strategies in Lower Wattle Grove face headwinds from a smaller buyer pool and slower turnover.

Risk Factors

Run the numbers on a Lower Wattle Grove property

Full Property Analysis

30-year projections for Lower Wattle Grove

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2026 Outlook

Growth: Low Rental Demand: Low Investor Sentiment: Low

Capital growth in Lower Wattle Grove may remain subdued in 2026, with limited demand drivers in the near term. Rental demand may be softer โ€” budgeting for vacancy periods is prudent in Lower Wattle Grove's 2026 outlook. Investor sentiment toward Lower Wattle Grove is currently lukewarm โ€” value hunters may find opportunity here.

Frequently Asked Questions

Is Lower Wattle Grove a good suburb for investment?

Lower Wattle Grove is a regional area in Tasmania with a population of 102. The median rent is $223/week and the median household income is $73,112/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 Lower Wattle Grove?

Key demand drivers in Lower Wattle Grove 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 Lower Wattle Grove?

According to the ABS 2021 Census, Lower Wattle Grove has a population of approximately 102. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Lower Wattle Grove from the Hobart CBD?

Lower Wattle Grove is approximately 39 km straight-line distance from the Hobart CBD (calculated from ABS 2021 suburb centroid coordinates). Road travel times will vary; check current mapping services for up-to-date routes.

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