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Suburb Insights ยท TAS 7150

Oyster Cove 7150, Tasmania

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Oyster Cove is a coastal suburb in Tasmania, Australia, with a population of approximately 330, making it a boutique locality. Located approximately 27 km from the Hobart CBD, Oyster Cove is a coastal area in Tasmania. The median household income is $78,780 AUD per year (ABS 2021 Census).

Investment Score

48 / 100 Moderate

Oyster Cove has a solid income profile that supports reliable occupancy rates. The coastal setting provides a lifestyle factor that underpins property values.

Location

Map shows Oyster Cove, Tasmania, Australia.

Key Indicators

Postcode
7150

Official Australia Post postcode for Oyster Cove. A postcode may cover multiple suburbs.

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Population
330

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

ABS Census Data โ†’
Median Rent (weekly)
$325/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
$78,780/yr

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

ABS Census Data โ†’
Distance to CBD
27 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)
$1,475/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

Coastal lifestyle is a strong draw for Oyster Cove, supporting both long-term rental demand and holiday letting potential. Seaside suburbs in Tasmania consistently attract interstate migration and lifestyle buyers. The median rent of $325/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $1,475/month. The median household income of $78,780/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 Oyster Cove over the medium term may deliver steady, if unspectacular, returns.

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Rental Yield

Expect competitive but not exceptional rental returns in Oyster Cove's current market.

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Renovation / Flip

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

Risk Factors

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Full Property Analysis

30-year projections for Oyster Cove

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2026 Outlook

Growth: Moderate Rental Demand: Moderate Investor Sentiment: Low

Property values in Oyster Cove should hold firm in 2026, with gradual appreciation tied to infrastructure and population trends. Tenants in Oyster Cove have options โ€” presenting well-maintained properties is key to minimising vacancy. Investor sentiment toward Oyster Cove is currently lukewarm โ€” value hunters may find opportunity here.

Frequently Asked Questions

Is Oyster Cove a good suburb for investment?

Oyster Cove is a coastal area in Tasmania with a population of 330. The median rent is $325/week and the median household income is $78,780/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 Oyster Cove?

Key demand drivers in Oyster Cove include lifestyle appeal and proximity to the coast. 80% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Oyster Cove?

According to the ABS 2021 Census, Oyster Cove has a population of approximately 330. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Oyster Cove from the Hobart CBD?

Oyster Cove is approximately 27 km straight-line distance from the Hobart CBD (calculated from ABS 2021 suburb centroid coordinates). This is within comfortable commuting range with good transport links.

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