Free full calculator →
Suburb Insights · TAS 7304

Weegena, TAS 7304 Property Profile

ABS 2021 Census · Updated 21 May 2026

Suburb Overview

Weegena is a regional centre in Tasmania, Australia, with a population of approximately 89, making it a boutique locality. Located approximately 171 km from the Hobart CBD, Weegena is a regional area in Tasmania. The median household income is $68,224 per year.

Investment Score

29 / 100 Weak

Lower income levels in Weegena typically translate to more affordable entry points for investors. Regional positioning means lower entry costs but potentially longer hold periods for capital gains.

Location

Hobart
Weegena
Tasmania · 7304
171 km from Hobart CBD
View on Google Maps ↗

Key Indicators

Postcode
7304

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

Australia Post Postcode Finder →
Population
89

Usual resident population at the most recent census.

Median weekly rent
$320/wk

Weekly median rent for occupied homes. Live rental data integration coming soon.

Median household income
$68,224/yr

Annual median household income (before tax) across all households.

Distance to CBD
171 km

Straight-line distance from the suburb centroid 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.

Find schools near Weegena on My School →
Parks & green spaces
1

Estimated 1 park and green spaces near this suburb.

Median monthly mortgage
$781/mo

Monthly median mortgage repayment for households currently paying off a mortgage.

Home type
106% houses

Proportion of separate houses versus units, townhouses, and other home types. Useful for investors assessing rental demand mix.

Investment Insight

Weegena is a smaller community of 89 — about 2% of the Tasmania suburb median (3,902) — so investors should factor in the narrower buyer pool and longer average time-on-market. Household income of $68,224/year is 8% below the Tasmania median of $73,944, typically translating into lower entry prices and a tenant base more sensitive to rent increases. Median weekly rent of $320 equates to $1,387/month — about 178% of the median mortgage repayment of $781/month — meaning rental income covers most of a typical owner's repayment and this is a genuine cash-flow suburb before tax benefits. Weegena is 171 km from Hobart, so the local market tracks regional employment and lifestyle drivers more than CBD-driven commuter demand. Separate houses make up 106% of dwellings — 26 percentage points above the Tasmania median of 80% — pointing to a family-oriented, land-rich market where value is concentrated in the underlying block.

Weegena vs Tasmania Median

How Weegena stacks up against the median of all Tasmania suburbs in our dataset. Positive values mean Weegena sits above the state median; negative means below.

MetricWeegenaTAS medianΔ vs state
Population893,902-98%
Median household income$68,224/yr$73,944/yr-8%
Median rent (weekly)$320$3200%
Median mortgage (monthly)$781$1,378-43%
Distance to CBD171 km24 km+613%
Separate houses106%80%+26pp

Investor Checklist

Pre-inspection briefing for Weegena — every item is derived from public datasets, with full citations in our data sources page.

Investment Strategy

Buy & Hold

Limited buy-and-hold upside: a small population of 89 means liquidity is thin and capital growth tends to lag the wider Tasmania market over full cycles.

Rental Yield

Strong rental coverage: $320/week (~$1,387/month) covers 178% of the $781/month median mortgage repayment, so the shortfall sits at just $0/month. Investors targeting positive cash flow should shortlist this suburb.

⚠️
Renovation / Flip

With 106% houses in a 89-person market, renovation margins depend on individual street and aspect rather than any suburb-wide story — do comparable-sales analysis before committing capital.

Risk Factors

Run the numbers on a Weegena property

Full Property Analysis

30-year projections for Weegena

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

Create free account →
Or jump straight to a calculator: Loan Serviceability First Home Buyer Grants

2026 Outlook

Growth: Low Rental Demand: Low Investor Sentiment: Low

Capital-growth expectations for Weegena are modest for 2026 — incomes 8% below the TAS median of $73,944 and a population of 89 suggest gains will lag headline metro markets. Rental coverage runs at ~178% of the typical mortgage ($1,387/month rent vs $781/month repayment), keeping cash flow in positive or near-neutral territory. The EquitySight investment score of 29/100 places Weegena in the lower tier of Australian suburbs we profile, and overall investor sentiment is cautious heading into the second half of 2026.

Share your experience of Weegena

Lived in Weegena? Help other investors with an honest 100-word review. Sign-in required; all reviews are manually moderated before they appear.

Frequently Asked Questions

Is Weegena a good suburb for investment?

Weegena scores 29/100 on our EquitySight investment framework — a weak rating. That score is driven by a population of 89, median household income of $68,224/year and median weekly rent of $320. 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.

What drives property demand in Weegena?

The main demand drivers in Weegena are a median household income of $68,224/year, a dwelling mix that is 106% separate houses, 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.

What is the population of Weegena?

Weegena has a usual resident population of approximately 89, 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.

How far is Weegena from the Hobart CBD?

Weegena sits 171 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.

What is the median rent in Weegena?

The most recent census recorded a median weekly rent of $320 in Weegena, equating to approximately $16,640/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.

What is the typical mortgage repayment in Weegena?

The median monthly mortgage repayment in Weegena is $781, or approximately $9,372/year (vs $1,378/month state median). Stress-test your own borrowing at rates 1–2 percentage points above today's to make sure you can still service the loan through an RBA tightening cycle.

Is Weegena cash-flow positive for investors?

A median weekly rent of $320 works out to $1,387/month, covering 178% of the median mortgage repayment of $781/month. That means rent exceeds the median repayment by roughly $606/month, so on these numbers Weegena leans cash-flow-positive before accounting for strata, council rates, insurance and maintenance. Actual cash flow depends on your deposit, loan terms, ownership costs and marginal tax rate — run the full numbers in our rental yield calculator.

What are the main risks of investing in Weegena?

The main risks are a thin buyer pool (89 residents), interest-rate sensitivity on the $781 median mortgage, the broader Tasmania market cycle. Each of these is covered in the Risk Factors section above with suburb-specific numbers rather than generic warnings.

How we built this Weegena profile

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.

Nearby Suburbs

Tasmania Property Resources