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Suburb Insights ยท TAS 7321

Savage River 7321, Tasmania

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Savage River is a regional centre in Tasmania, Australia, with a population of approximately 23, making it a boutique locality. Located approximately 233 km from the Hobart CBD, Savage River is a regional area in Tasmania. The median household income is $58,500 AUD per year (ABS 2021 Census).

Investment Score

22 / 100 Weak

Lower income levels in Savage River typically translate to more affordable entry points for investors. As a regional location, growth prospects depend on local economic conditions and infrastructure investment.

Location

Map shows Savage River, Tasmania, Australia.

Key Indicators

Postcode
7321

Official Australia Post postcode for Savage River. A postcode may cover multiple suburbs.

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Population
23

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

ABS Census Data โ†’
Median Rent (weekly)
$90/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
$58,500/yr

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

ABS Census Data โ†’
Distance to CBD
233 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)
N/A

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

ABS Census Data โ†’
Dwelling Type
N/A

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, Savage River 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 $90/week (ABS 2021) indicates an affordable rental market.

Investment Strategy

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Buy & Hold

Buy-and-hold in Savage River carries higher risk due to limited demand drivers and slower growth fundamentals.

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Rental Yield

Rental yields in Savage River tend to be lower โ€” investors may need to rely on capital growth instead.

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Renovation / Flip

Renovation or flip strategies in Savage River face headwinds from a smaller buyer pool and slower turnover.

Risk Factors

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Full Property Analysis

30-year projections for Savage River

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2026 Outlook

Growth: Low Rental Demand: Low Investor Sentiment: Low

Capital growth in Savage River may remain subdued in 2026, with limited demand drivers in the near term. Rental demand may be softer โ€” budgeting for vacancy periods is prudent in Savage River's 2026 outlook. Savage River is not a headline market, but contrarian investors may see long-term potential.

Frequently Asked Questions

Is Savage River a good suburb for investment?

Savage River is a regional area in Tasmania with a population of 23. The median rent is $90/week and the median household income is $58,500/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 Savage River?

Key demand drivers in Savage River include regional employment hubs, lifestyle, and affordability. The area has approximately 1 schools and 1 parks nearby.

What is the population of Savage River?

According to the ABS 2021 Census, Savage River has a population of approximately 23. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Savage River from the Hobart CBD?

Savage River is approximately 233 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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