Free full calculator โ†’
Suburb Insights ยท TAS 7304

Needles 7304, Tasmania

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Needles is a regional centre in Tasmania, Australia, with a population of approximately 50, making it a boutique locality. Located approximately 162 km from the Hobart CBD, Needles is a regional area in Tasmania. The median household income is $110,500 AUD per year (ABS 2021 Census).

Investment Score

49 / 100 Moderate

Strong household incomes in Needles underpin solid property demand. Distance from major centres is a consideration, though regional markets can offer higher rental yields.

Location

Map shows Needles, Tasmania, Australia.

Key Indicators

Postcode
7304

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

Australia Post Postcode Finder โ†’
Population
50

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

ABS Census Data โ†’
Median Rent (weekly)
$210/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

State Rental Authority โ†’
Median Household Income
$110,500/yr

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

ABS Census Data โ†’
Distance to CBD
162 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.

Find schools near Needles on My School โ†’
Parks & green spaces
1

Estimated 1 park and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$934/mo

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

ABS Census Data โ†’
Dwelling Type
121% 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, Needles 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 $210/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $934/month. A median household income of $110,500/year supports premium property values and indicates a well-employed resident base. 121% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

โš ๏ธ
Buy & Hold

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

โŒ
Rental Yield

Achieving strong cash flow in Needles is challenging at current rent-to-price ratios.

โŒ
Renovation / Flip

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

Risk Factors

Run the numbers on a Needles property

Full Property Analysis

30-year projections for Needles

Scenario comparison, cash flow analysis, tax modelling, and PDF export โ€” all in one place.

Create free account โ†’
Or jump straight to a calculator: Loan Serviceability First Home Buyer Grants

2026 Outlook

Growth: Low Rental Demand: Low Investor Sentiment: Low

Needles faces a cautious growth outlook for 2026 โ€” investors should focus on yield rather than short-term gains. The rental pipeline in Needles is thinner โ€” flexible lease terms could help secure tenants faster. Needles is not a headline market, but contrarian investors may see long-term potential.

Frequently Asked Questions

Is Needles a good suburb for investment?

Needles is a regional area in Tasmania with a population of 50. The median rent is $210/week and the median household income is $110,500/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 Needles?

Key demand drivers in Needles include regional employment hubs, lifestyle, and affordability. 121% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Needles?

According to the ABS 2021 Census, Needles has a population of approximately 50. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Needles from the Hobart CBD?

Needles is approximately 162 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.

Explore Nearby Suburbs

Tasmania Property Resources