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Suburb Insights ยท TAS 7310

Melrose 7310, Tasmania

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Melrose is a regional centre in Tasmania, Australia, with a population of approximately 94, making it a boutique locality. Located approximately 200 km from the Hobart CBD, Melrose is a regional area in Tasmania. The median household income is $92,612 AUD per year (ABS 2021 Census).

Investment Score

37 / 100 Weak

Melrose benefits from a high-income resident base, supporting premium property pricing. Regional positioning means lower entry costs but potentially longer hold periods for capital gains.

Location

Map shows Melrose, Tasmania, Australia.

Key Indicators

Postcode
7310

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

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Population
94

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

ABS Census Data โ†’
Median Rent (weekly)
$170/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
$92,612/yr

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

ABS Census Data โ†’
Distance to CBD
200 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)
$1,574/mo

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

ABS Census Data โ†’
Dwelling Type
80% 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, Melrose 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 $170/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $1,574/month. The median household income of $92,612/year reflects a solid demographic, supporting sustainable rental demand. 80% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

Holding property in Melrose over the medium term may deliver steady, if unspectacular, returns.

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Rental Yield

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

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Renovation / Flip

Limited buyer depth in Melrose makes flip strategies higher-risk โ€” consider rental conversion instead.

Risk Factors

Run the numbers on a Melrose property

Full Property Analysis

30-year projections for Melrose

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 Melrose is expected to be flat to modest in 2026, reflecting broader regional market conditions. Landlords in Melrose may face longer tenant search times; competitive pricing will be important. Melrose is not a headline market, but contrarian investors may see long-term potential.

Frequently Asked Questions

Is Melrose a good suburb for investment?

Melrose is a regional area in Tasmania with a population of 94. The median rent is $170/week and the median household income is $92,612/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 Melrose?

Key demand drivers in Melrose include regional employment hubs, lifestyle, and affordability. 80% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Melrose?

According to the ABS 2021 Census, Melrose has a population of approximately 94. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Melrose from the Hobart CBD?

Melrose is approximately 200 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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