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Suburb Insights ยท TAS 7316

Penguin 7316, Tasmania

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Penguin is a regional centre in Tasmania, Australia, with a population of approximately 4,132, making it a boutique locality. Located approximately 221 km from the Hobart CBD, Penguin is a regional area in Tasmania. The median household income is $67,652 AUD per year (ABS 2021 Census).

Investment Score

40 / 100 Weak

Household earnings in Penguin are below the state average, which may affect long-term capital growth. Distance from major centres is a consideration, though regional markets can offer higher rental yields.

Location

Map shows Penguin, Tasmania, Australia.

Key Indicators

Postcode
7316

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

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Population
4,132

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

ABS Census Data โ†’
Median Rent (weekly)
$260/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
$67,652/yr

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

ABS Census Data โ†’
Distance to CBD
221 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
2

Estimated 2 parks and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$1,300/mo

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

ABS Census Data โ†’
Dwelling Type
84% 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, Penguin 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 $260/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $1,300/month. 84% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

Penguin offers moderate buy-and-hold potential โ€” look for properties with value-add opportunities.

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Rental Yield

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

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Renovation / Flip

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

Risk Factors

Run the numbers on a Penguin property

Full Property Analysis

30-year projections for Penguin

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 Penguin is expected to be flat to modest in 2026, reflecting broader regional market conditions. The rental pipeline in Penguin is thinner โ€” flexible lease terms could help secure tenants faster. Penguin is not a headline market, but contrarian investors may see long-term potential.

Frequently Asked Questions

Is Penguin a good suburb for investment?

Penguin is a regional area in Tasmania with a population of 4,132. The median rent is $260/week and the median household income is $67,652/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 Penguin?

Key demand drivers in Penguin include regional employment hubs, lifestyle, and affordability. 84% of dwellings are separate houses. The area has approximately 1 schools and 2 parks nearby.

What is the population of Penguin?

According to the ABS 2021 Census, Penguin has a population of approximately 4,132. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Penguin from the Hobart CBD?

Penguin is approximately 221 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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