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Suburb Insights ยท TAS 7005

Sandy Bay 7005, Tasmania

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Sandy Bay is an inner-city suburb of Hobart, Australia, with a population of approximately 12,315, making it a smaller community. Located 4 km from the Hobart CBD, Sandy Bay is a inner city area in Tasmania. The median household income is $99,580 AUD per year (ABS 2021 Census).

Investment Score

81 / 100 Strong

Strong household incomes in Sandy Bay underpin solid property demand. Close CBD access strengthens tenant appeal and resale value.

Location

Map shows Sandy Bay, Tasmania, Australia.

Key Indicators

Postcode
7005

Official Australia Post postcode for Sandy Bay. A postcode may cover multiple suburbs.

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Population
12,315

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

ABS Census Data โ†’
Median Rent (weekly)
$418/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
$99,580/yr

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

ABS Census Data โ†’
Distance to CBD
4 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
3

Estimated 3 schools within or near this suburb based on ABS 2021 data.

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Parks & green spaces
5

Estimated 5 parks and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$2,167/mo

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

ABS Census Data โ†’
Dwelling Type
61% 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 an inner-city location, Sandy Bay benefits from proximity to employment, dining, and cultural precincts. Investment properties here typically attract young professionals and downsizers seeking walkable lifestyles. The median rent of $418/week (ABS 2021) indicates a mid-range rental market. Owner-occupiers face a median mortgage repayment of $2,167/month. The median household income of $99,580/year reflects a solid demographic, supporting sustainable rental demand.

Investment Strategy

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Buy & Hold

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

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Rental Yield

Expect competitive but not exceptional rental returns in Sandy Bay's current market.

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Renovation / Flip

Some renovation potential exists in Sandy Bay, though margins may be tighter due to higher base prices or competition.

Risk Factors

Run the numbers on a Sandy Bay property

Full Property Analysis

30-year projections for Sandy Bay

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: Strong Investor Sentiment: Strong

Sandy Bay enters 2026 with positive growth momentum, supported by strong local demographics and sustained demand. Tenant competition in Sandy Bay continues to intensify, supporting landlords and rent stability. Overall, investor sentiment toward Sandy Bay is positive, backed by solid fundamentals.

Frequently Asked Questions

Is Sandy Bay a good suburb for investment?

Sandy Bay is a inner city area in Tasmania with a population of 12,315. The median rent is $418/week and the median household income is $99,580/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 Sandy Bay?

Key demand drivers in Sandy Bay include employment proximity and urban lifestyle. 61% of dwellings are separate houses. The area has approximately 3 schools and 5 parks nearby.

What is the population of Sandy Bay?

According to the ABS 2021 Census, Sandy Bay has a population of approximately 12,315. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Sandy Bay from the Hobart CBD?

Sandy Bay is approximately 4 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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