Suburb overview
Risdon Vale is a well-established middle-ring suburb of Hobart, Australia, with a population of approximately 3,171, making it a boutique locality. Located approximately 9 km from the Hobart CBD, Risdon Vale is a middle ring area in Tasmania. The median household income is $61,724 per year.
Location
Key indicators
Postcode
7016
Postcode for Risdon Vale, from a community postcode dataset cross-checked against Australia Post. A postcode may cover multiple suburbs.
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Population
3,171
Usual resident population at the most recent census.
Median weekly rent
$520/wk
Median weekly rent — as at May 2025 – Apr 2026, Department of Justice (Tasmania) rental bonds (CC BY 4.0).
Distance to CBD
9 km
Straight-line distance from the suburb centroid to the nearest capital city CBD. Actual driving distance will be longer.
Housing
Median monthly mortgage
$1,083/mo
Monthly median mortgage repayment for households currently paying off a mortgage.
Home type
89% houses
Proportion of separate houses versus units, townhouses, and other home types. Useful for investors assessing rental demand mix.
Why people like living in Risdon Vale
- Middle-ring location about 9 km from Hobart — balance of commute and affordability.
- Predominantly separate houses (89%) — suburban lifestyle with more land.
- Established streets, local shops, and schools within the neighbourhood.
Who Risdon Vale suits
Pros and cons
Pros
- Rent sits within an affordable share of local incomes, supporting tenant demand.
- Mortgage costs are lower than the Tasmania median, improving cash-flow margins.
- Short distance to the CBD makes commuting straightforward.
Cons
- Traffic can build during peak hours, especially on arterial roads.
- Prices may rise further as demand continues.
Investment insight
3,171 residents places Risdon Vale squarely in the middle of the Tasmania suburb size distribution (state median 3,902), with market depth comparable to most TAS localities. 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. Median rent of $520/week (as at May 2025 – Apr 2026, Department of Justice (Tasmania) rental bonds) equates to roughly $2,253/month — about 208% of the $1,083/month median mortgage repayment recorded at the 2021 Census. On those figures rental income covers most or all of the recorded repayment, but repayments on new loans have risen with interest rates since 2021, so re-run the coverage at today's rates before treating this as a cash-flow suburb. At 9 km from the Hobart CBD, Risdon Vale sits inside the high-demand inner ring — properties here compete directly with the city's employment, transport and amenity networks.
Investment tip
This suburb suits long-term investors looking for a balance of rental yield and capital growth. Schools and transport underpin family demand. At the 2021 Census, local rents consumed roughly 27% of household income — a dated but useful sanity check on tenant affordability.
Risdon Vale vs Tasmania median
How Risdon Vale stacks up against the median of all Tasmania suburbs in our dataset. Positive values mean Risdon Vale sits above the state median; negative means below.
| Metric | Risdon Vale | TAS median | Δ vs state |
|---|---|---|---|
| Population | 3,171 | 3,902 | -19% |
| Median household income | $61,724/yr | $73,944/yr | -17% |
| Median rent (weekly, 2021 Census) | $320 | $320 | 0% |
| Median mortgage (monthly, 2021 Census) | $1,083 | $1,378 | -21% |
| Distance to CBD | 9 km | 24 km | -62% |
| Separate houses | 89% | 80% | +9pp |
Investor checklist
Pre-inspection briefing for Risdon Vale — every item is derived from public datasets, with full citations in our data sources page.
- Market depth: 3,171 residents — 81% of the TAS suburb median (3,902).
- Purchasing power: median household income $61,724/year (-17% vs Tasmania suburb median of $73,944).
- Cash-flow coverage (2021 Census): $320/week rent (≈ $1,387/month) covered ~128% of the $1,083/month median mortgage at the 2021 Census — verify against current rents and rates.
- CBD access: 9 km straight-line from Hobart (state suburb median 24 km).
- Dwelling mix: 89% separate houses — house-dominant market (vs 80% state median).
- Rate stress-test: budget ~$108/month extra for a 1-percentage-point RBA rate rise on top of the $1,083/month median repayment.
- Tenant rent burden: 27% of the median household income is spent on rent — within normal range.
Investment strategy
Moderate buy-and-hold potential: Risdon Vale's 3,171-person market and $61,724 median household income work for investors who are selective on street location and property quality rather than counting on a suburb-wide rerating.
Strong rental coverage at the 2021 Census: $320/week (~$1,387/month) covered 128% of the $1,083/month median mortgage, a shortfall of just $0/month. Both rents and repayments have moved since 2021 — verify current figures, though this suburb has historically leaned cash-flow-friendly.
With 89% houses in a 3,171-person market, renovation margins depend on individual street and aspect rather than any suburb-wide story — do comparable-sales analysis before committing capital.
Risk factors
- Interest-rate sensitivity: the $1,083/month median mortgage in Risdon Vale means a 1-percentage-point RBA rate rise could add roughly $108/month to repayments, reducing buyer borrowing capacity and cooling prices.
- Income vulnerability: household incomes in Risdon Vale are 17% below the Tasmania median ($61,724 vs $73,944), which tends to compress rent growth and increases exposure to local unemployment shocks.
- Liquidity risk: with 3,171 residents, Risdon Vale has a thinner pool of buyers and tenants than larger suburbs. Expect longer days-on-market on resale and budget for potential vacancy gaps between tenancies.
- House-dominant stock: 89% of dwellings are separate houses, so value is concentrated in land — weather events, insurance repricing and land-tax changes hit investors here more directly than in a unit-heavy suburb.
- Regulatory risk: changes to Australian tax settings (negative gearing, CGT discount, foreign-buyer surcharges, land-tax thresholds) could reshape after-tax returns in Risdon Vale regardless of local market conditions.
Run the numbers on a Risdon Vale property
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Start your journey near Risdon Vale →2026 outlook
Capital-growth expectations for Risdon Vale are modest for 2026 — incomes 17% below the TAS median of $73,944 and a population of 3,171 suggest gains will lag headline metro markets. At the 2021 Census, rental coverage ran at ~128% of the typical mortgage ($1,387/month rent vs $1,083/month repayment), keeping cash flow in positive or near-neutral territory. Verify against current rents and rates. Overall investor sentiment for Risdon Vale is balanced heading into the second half of 2026, based on its income, rent and mortgage profile relative to the Tasmania median.
Frequently asked questions
Is Risdon Vale a good suburb for investment?
Whether Risdon Vale suits you depends on your strategy, but the fundamentals are concrete: a population of 3,171, a median household income of $61,724/year and median weekly rent of $320. Weigh those against your goal — cash flow, capital growth, or a value-add renovation — each of which we break down with suburb-specific ABS numbers elsewhere on this page.
What drives property demand in Risdon Vale?
The main demand drivers in Risdon Vale are proximity to Hobart (9 km), a median household income of $61,724/year, a dwelling mix that is 89% separate houses. Together these shape both owner-occupier and tenant demand.
What is the population of Risdon Vale?
Risdon Vale has a usual resident population of approximately 3,171, 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.
How far is Risdon Vale from the Hobart CBD?
Risdon Vale sits 9 km straight-line from the Hobart CBD. This is inner-ring territory — pricing competes directly with established Hobart employment nodes.
What is the median rent in Risdon Vale?
The median weekly rent in Risdon Vale is $520 (as at May 2025 – Apr 2026, Department of Justice (Tasmania) rental bonds), equating to approximately $27,040/year in gross rental income. Confirm against current listings on realestate.com.au and Domain before making an offer.
What is the typical mortgage repayment in Risdon Vale?
The median monthly mortgage repayment in Risdon Vale is $1,083, or approximately $12,996/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.
Is Risdon Vale cash-flow positive for investors?
A median weekly rent of $320 works out to $1,387/month, covering 128% of the median mortgage repayment of $1,083/month. That means rent exceeds the median repayment by roughly $304/month, so on these numbers Risdon Vale leans cash-flow-positive before accounting for strata, council rates, insurance and maintenance. Actual cash flow depends on your deposit, loan terms, ownership costs and marginal tax rate — run the full numbers in our rental yield calculator.
What are the main risks of investing in Risdon Vale?
The main risks are a thin buyer pool (3,171 residents), interest-rate sensitivity on the $1,083 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.
How we built this Risdon Vale profile
The population figure on this page comes from the ABS 2021 Census. The postcode comes from a community postcode dataset cross-checked against Australia Post. The dwelling mix is from the ABS 2021 Census. The median household income is the ABS 2021 Census median weekly household income, annualised. Distance to the CBD is calculated from the suburb's ABS centroid. The Census median rent and mortgage figures are 2021 figures and are labelled as such wherever they appear — they are five years old and have moved substantially since. The current median weekly rent in Key indicators is a genuine recent figure from Department of Justice (Tasmania) rental bonds (May 2025 – Apr 2026), published under a Creative Commons licence and dated on the page. We do not publish an investment score or school/park counts for this suburb. See our methodology and data sources for exactly what's measured and what's estimated.