EquitySight.app
Free full calculator →
EquitySight.app
Free full calculator →
ABS 2021 Census · Updated 21 May 2026
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 per year.
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.
Official Australia Post postcode for Savage River. 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 Savage River 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.
Savage River is a smaller community of 23 — about 1% of the Tasmania suburb median (3,902) — so investors should factor in the narrower buyer pool and longer average time-on-market. Savage River'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. The median weekly rent of $90 translates to approximately $4,680/year in gross rental income, setting the upper bound on yield before vacancy, rates, insurance and maintenance. Savage River is 233 km from Hobart, so the local market tracks regional employment and lifestyle drivers more than CBD-driven commuter demand.
How Savage River stacks up against the median of all Tasmania suburbs in our dataset. Positive values mean Savage River sits above the state median; negative means below.
| Metric | Savage River | TAS median | Δ vs state |
|---|---|---|---|
| Population | 23 | 3,902 | -99% |
| Median household income | $58,500/yr | $73,944/yr | -21% |
| Median rent (weekly) | $90 | $320 | -72% |
| Distance to CBD | 233 km | 24 km | +871% |
Pre-inspection briefing for Savage River — every item is derived from public datasets, with full citations in our data sources page.
Limited buy-and-hold upside: a small population of 23 means liquidity is thin and capital growth tends to lag the wider Tasmania market over full cycles.
Gross rent of $90/week (~$4,680/year) sets the yield ceiling. Cross-check against your purchase price to confirm whether this suburb hits the 4–5% gross yield most Australian investors target.
With a population of 23, the resale market in Savage River may not reliably reward cosmetic renovations — a longer hold is typically a better strategy at this scale, letting land-value appreciation do the work instead.
Run the numbers on a Savage River property
Scenario comparison, cash flow analysis, tax modelling, and PDF export — all in one place.
Create free account →Capital-growth expectations for Savage River are modest for 2026 — incomes 21% below the TAS median of $73,944 and a population of 23 suggest gains will lag headline metro markets. Rents sit around $90/week, setting the baseline gross rental income at roughly $4,680/year — refine this against current listings before running your numbers. The EquitySight investment score of 22/100 places Savage River in the lower tier of Australian suburbs we profile, and overall investor sentiment is cautious heading into the second half of 2026.
Lived in Savage River? Help other investors with an honest 100-word review. Sign-in required; all reviews are manually moderated before they appear.
Savage River scores 22/100 on our EquitySight investment framework — a weak rating. That score is driven by a population of 23, median household income of $58,500/year and median weekly rent of $90. 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 Savage River are a median household income of $58,500/year, 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.
Savage River has a usual resident population of approximately 23, 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.
Savage River sits 233 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.
The most recent census recorded a median weekly rent of $90 in Savage River, equating to approximately $4,680/year in gross rental income (state median $320/week). Market rents have typically drifted above the recorded figure — verify against current listings on realestate.com.au and Domain before making an offer.
A reliable median mortgage figure was not captured for Savage River. Use our loan serviceability calculator to estimate a realistic monthly repayment for your target purchase price and deposit.
Census data was not complete enough in Savage River 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 (23 residents), interest-rate sensitivity, 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.