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Suburb Insights ยท TAS 7017

Tea Tree 7017, Tasmania

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Tea Tree is a well-established middle-ring suburb of Hobart, Australia, with a population of approximately 464, making it a boutique locality. Located approximately 22 km from the Hobart CBD, Tea Tree is a middle ring area in Tasmania. The median household income is $94,588 AUD per year (ABS 2021 Census).

Investment Score

58 / 100 Moderate

Tea Tree benefits from a high-income resident base, supporting premium property pricing.

Location

Map shows Tea Tree, Tasmania, Australia.

Key Indicators

Postcode
7017

Official Australia Post postcode for Tea Tree. A postcode may cover multiple suburbs.

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Population
464

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

ABS Census Data โ†’
Median Rent (weekly)
$350/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
$94,588/yr

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

ABS Census Data โ†’
Distance to CBD
22 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)
$1,551/mo

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

ABS Census Data โ†’
Dwelling Type
93% 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

Tea Tree's middle-ring location balances affordability with accessibility. These suburbs often benefit from established infrastructure, good schools, and transport links โ€” making them attractive to families and long-term tenants. The median rent of $350/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $1,551/month. The median household income of $94,588/year reflects a solid demographic, supporting sustainable rental demand. 93% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

With robust local demand and income levels, Tea Tree is a natural candidate for patient investors.

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Rental Yield

Expect competitive but not exceptional rental returns in Tea Tree's current market.

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Renovation / Flip

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

Risk Factors

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Full Property Analysis

30-year projections for Tea Tree

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2026 Outlook

Growth: Strong Rental Demand: Moderate Investor Sentiment: Moderate

Tea Tree is well-positioned for continued price appreciation through 2026, underpinned by high household incomes and location appeal. Rental demand is expected to be stable, though landlords may need to remain competitive on pricing. The market mood around Tea Tree is balanced โ€” neither bullish nor bearish heading into 2026.

Frequently Asked Questions

Is Tea Tree a good suburb for investment?

Tea Tree is a middle ring area in Tasmania with a population of 464. The median rent is $350/week and the median household income is $94,588/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 Tea Tree?

Key demand drivers in Tea Tree include established amenities and transport access. 93% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Tea Tree?

According to the ABS 2021 Census, Tea Tree has a population of approximately 464. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Tea Tree from the Hobart CBD?

Tea Tree is approximately 22 km straight-line distance from the Hobart CBD (calculated from ABS 2021 suburb centroid coordinates). This is within comfortable commuting range with good transport links.

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