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Suburb Insights ยท TAS 7260

Springfield 7260, Tasmania

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Springfield is a regional centre in Tasmania, Australia, with a population of approximately 224, making it a boutique locality. Located approximately 182 km from the Hobart CBD, Springfield is a regional area in Tasmania. The median household income is $59,644 AUD per year (ABS 2021 Census).

Investment Score

28 / 100 Weak

Springfield's income profile suggests a value-oriented market with competitive purchase prices. Distance from major centres is a consideration, though regional markets can offer higher rental yields.

Location

Map shows Springfield, Tasmania, Australia.

Key Indicators

Postcode
7260

Official Australia Post postcode for Springfield. A postcode may cover multiple suburbs.

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Population
224

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

ABS Census Data โ†’
Median Rent (weekly)
$200/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

State Rental Authority โ†’
Median Household Income
$59,644/yr

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

ABS Census Data โ†’
Distance to CBD
182 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)
$1,408/mo

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

ABS Census Data โ†’
Dwelling Type
91% 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 a regional centre, Springfield 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 $200/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $1,408/month. 91% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

Capital growth in Springfield may be constrained โ€” consider alternative strategies.

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Rental Yield

Achieving strong cash flow in Springfield is challenging at current rent-to-price ratios.

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Renovation / Flip

Limited buyer depth in Springfield makes flip strategies higher-risk โ€” consider rental conversion instead.

Risk Factors

Run the numbers on a Springfield property

Full Property Analysis

30-year projections for Springfield

Scenario comparison, cash flow analysis, tax modelling, and PDF export โ€” all in one place.

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2026 Outlook

Growth: Low Rental Demand: Low Investor Sentiment: Low

Springfield faces a cautious growth outlook for 2026 โ€” investors should focus on yield rather than short-term gains. The rental pipeline in Springfield is thinner โ€” flexible lease terms could help secure tenants faster. Springfield is not a headline market, but contrarian investors may see long-term potential.

Frequently Asked Questions

Is Springfield a good suburb for investment?

Springfield is a regional area in Tasmania with a population of 224. The median rent is $200/week and the median household income is $59,644/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 Springfield?

Key demand drivers in Springfield include regional employment hubs, lifestyle, and affordability. 91% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Springfield?

According to the ABS 2021 Census, Springfield has a population of approximately 224. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Springfield from the Hobart CBD?

Springfield is approximately 182 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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