EquitySight.app
Free full calculator →
EquitySight.app
Free full calculator →
ABS 2021 Census · Updated 21 May 2026
Promised Land is a regional centre in Tasmania, Australia, with a population of approximately 32, making it a boutique locality. Located approximately 187 km from the Hobart CBD, Promised Land is a regional area in Tasmania. The median household income is $58,500 per year.
Lower income levels in Promised Land typically translate to more affordable entry points for investors. Regional positioning means lower entry costs but potentially longer hold periods for capital gains.
Official Australia Post postcode for Promised Land. 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 Promised Land 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.
Promised Land is a smaller community of 32 — about 1% of the Tasmania suburb median (3,902) — so investors should factor in the narrower buyer pool and longer average time-on-market. Promised Land's median household income of $58,500/year is 21% below the Tasmania suburb median ($73,944) — this is an affordability play where returns lean on yield and patient capital growth rather than demographic premium. Promised Land is 187 km from Hobart, so the local market tracks regional employment and lifestyle drivers more than CBD-driven commuter demand. Only 44% of dwellings are separate houses (vs 80% state median), so this is a unit-heavy market where body-corporate decisions and strata supply meaningfully shape investor returns.
How Promised Land stacks up against the median of all Tasmania suburbs in our dataset. Positive values mean Promised Land sits above the state median; negative means below.
| Metric | Promised Land | TAS median | Δ vs state |
|---|---|---|---|
| Population | 32 | 3,902 | -99% |
| Median household income | $58,500/yr | $73,944/yr | -21% |
| Median mortgage (monthly) | $1,200 | $1,378 | -13% |
| Distance to CBD | 187 km | 24 km | +679% |
| Separate houses | 44% | 80% | -36pp |
Pre-inspection briefing for Promised Land — every item is derived from public datasets, with full citations in our data sources page.
Limited buy-and-hold upside: a small population of 32 means liquidity is thin and capital growth tends to lag the wider Tasmania market over full cycles.
Median rental data was not captured for Promised Land. Use current realestate.com.au and Domain listings to triangulate a realistic weekly rent before committing, then feed that number into our rental yield calculator.
Only 44% of dwellings are separate houses (vs 80% TAS median) — this is a unit and townhouse market, where cosmetic flips struggle against body-corporate restrictions, thinner after-reno uplift and competing new supply.
Run the numbers on a Promised Land property
Scenario comparison, cash flow analysis, tax modelling, and PDF export — all in one place.
Create free account →Capital-growth expectations for Promised Land are modest for 2026 — incomes 21% below the TAS median of $73,944 and a population of 32 suggest gains will lag headline metro markets. Rental fundamentals will need to be verified against live listings, as a clean median rent was not recorded for Promised Land. The EquitySight investment score of 25/100 places Promised Land in the lower tier of Australian suburbs we profile, and overall investor sentiment is cautious heading into the second half of 2026.
Lived in Promised Land? Help other investors with an honest 100-word review. Sign-in required; all reviews are manually moderated before they appear.
Promised Land scores 25/100 on our EquitySight investment framework — a weak rating. That score is driven by a population of 32, median household income of $58,500/year. 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 Promised Land are a median household income of $58,500/year, a dwelling mix that is 44% 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.
Promised Land has a usual resident population of approximately 32, 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.
Promised Land sits 187 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.
A reliable median rent was not captured for Promised Land. Benchmark expected weekly rent on realestate.com.au and Domain, or the state rental tribunal's rent dashboard. Most Australian investors target a 4–5% gross yield as a baseline.
The median monthly mortgage repayment in Promised Land is $1,200, or approximately $14,400/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.
Census data was not complete enough in Promised Land to compute a clean rent-to-mortgage coverage. Use current listings to benchmark weekly rent, then plug your expected purchase price into our rental yield calculator to see whether the investment runs cash-flow positive or negative.
The main risks are a thin buyer pool (32 residents), interest-rate sensitivity on the $1,200 median mortgage, below-median household incomes ($58,500 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.