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Suburb Insights ยท TAS 7017

Otago 7017, Tasmania

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Otago is a well-established middle-ring suburb of Hobart, Australia, with a population of approximately 596, making it a boutique locality. Located approximately 9 km from the Hobart CBD, Otago is a middle ring area in Tasmania. The median household income is $100,724 AUD per year (ABS 2021 Census).

Investment Score

67 / 100 Good

Strong household incomes in Otago underpin solid property demand. Its proximity to the CBD adds a strong location premium.

Location

Map shows Otago, Tasmania, Australia.

Key Indicators

Postcode
7017

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

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Population
596

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

ABS Census Data โ†’
Median Rent (weekly)
$455/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
$100,724/yr

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

ABS Census Data โ†’
Distance to CBD
9 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)
$1,842/mo

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

ABS Census Data โ†’
Dwelling Type
94% 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

Otago's middle-ring location balances affordability with accessibility. These suburbs often benefit from established infrastructure, good schools, and transport links โ€” making them attractive to families and long-term tenants. The median rent of $455/week (ABS 2021) indicates a mid-range rental market. Owner-occupiers face a median mortgage repayment of $1,842/month. A median household income of $100,724/year supports premium property values and indicates a well-employed resident base. 94% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

Otago's established location and strong demographics make it well-suited to a long-term buy-and-hold strategy.

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Rental Yield

Strong tenant demand in Otago underpins consistent rental income and low vacancy risk.

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Renovation / Flip

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

Risk Factors

Run the numbers on a Otago property

Full Property Analysis

30-year projections for Otago

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

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2026 Outlook

Growth: Strong Rental Demand: Moderate Investor Sentiment: Moderate

Otago enters 2026 with positive growth momentum, supported by strong local demographics and sustained demand. The rental market in Otago should see steady occupancy, with moderate upward pressure on rents. Otago offers measured appeal for investors willing to look beyond headline metrics.

Frequently Asked Questions

Is Otago a good suburb for investment?

Otago is a middle ring area in Tasmania with a population of 596. The median rent is $455/week and the median household income is $100,724/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 Otago?

Key demand drivers in Otago include established amenities and transport access. 94% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Otago?

According to the ABS 2021 Census, Otago has a population of approximately 596. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Otago from the Hobart CBD?

Otago is approximately 9 km straight-line distance from the Hobart CBD (calculated from ABS 2021 suburb centroid coordinates). This close proximity means excellent access to employment, dining, and entertainment.

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