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ABS 2021 Census · Updated 21 May 2026
Oaks is a regional centre in Tasmania, Australia, with a population of approximately 24, making it a boutique locality. Located approximately 148 km from the Hobart CBD, Oaks is a regional area in Tasmania. The median household income is $61,724 per year.
Household earnings in Oaks 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 Oaks. 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 Oaks 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.
Oaks is a smaller community of 24 — about 1% of the Tasmania suburb median (3,902) — so investors should factor in the narrower buyer pool and longer average time-on-market. Household income of $61,724/year is 17% below the Tasmania median of $73,944, typically translating into lower entry prices and a tenant base more sensitive to rent increases. Weekly rent of $300 covers just 39% of the median $3,337/month mortgage repayment, leaving a $2,037/month gap — investors should only pursue this suburb with a clear capital-growth thesis and sufficient external income to fund the shortfall. Oaks is 148 km from Hobart, so the local market tracks regional employment and lifestyle drivers more than CBD-driven commuter demand.
How Oaks stacks up against the median of all Tasmania suburbs in our dataset. Positive values mean Oaks sits above the state median; negative means below.
| Metric | Oaks | TAS median | Δ vs state |
|---|---|---|---|
| Population | 24 | 3,902 | -99% |
| Median household income | $61,724/yr | $73,944/yr | -17% |
| Median rent (weekly) | $300 | $320 | -6% |
| Median mortgage (monthly) | $3,337 | $1,378 | +142% |
| Distance to CBD | 148 km | 24 km | +517% |
| Separate houses | 73% | 80% | -7pp |
Pre-inspection briefing for Oaks — every item is derived from public datasets, with full citations in our data sources page.
Limited buy-and-hold upside: a small population of 24 means liquidity is thin and capital growth tends to lag the wider Tasmania market over full cycles.
Weak cash flow: $300/week rent covers only 39% of the $3,337/month median mortgage — a $2,037/month gap that must be funded from other income. This suburb is a capital-growth play, not a yield play.
With 73% houses in a 24-person market, renovation margins depend on individual street and aspect rather than any suburb-wide story — do comparable-sales analysis before committing capital.
Run the numbers on a Oaks property
Scenario comparison, cash flow analysis, tax modelling, and PDF export — all in one place.
Create free account →Capital-growth expectations for Oaks are modest for 2026 — incomes 17% below the TAS median of $73,944 and a population of 24 suggest gains will lag headline metro markets. Rental coverage runs at ~39% of the typical mortgage ($1,300/month rent vs $3,337/month repayment), meaning investors will rely on capital growth rather than yield. The EquitySight investment score of 26/100 places Oaks 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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Oaks scores 26/100 on our EquitySight investment framework — a weak rating. That score is driven by a population of 24, median household income of $61,724/year and median weekly rent of $300. 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 Oaks are a median household income of $61,724/year, a dwelling mix that is 73% 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.
Oaks has a usual resident population of approximately 24, 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.
Oaks sits 148 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 $300 in Oaks, equating to approximately $15,600/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 Oaks is $3,337, or approximately $40,044/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 $300 works out to $1,300/month, covering 39% of the median mortgage repayment of $3,337/month. That leaves a $2,037/month shortfall (around $24,444/year before tax benefits), so a typical owner-occupier-priced property here is negatively geared. 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 (24 residents), interest-rate sensitivity on the $3,337 median mortgage, below-median household incomes ($61,724 vs $73,944 state median), 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.