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Suburb Insights ยท TAS 7140

Westerway 7140, Tasmania

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Westerway is a regional centre in Tasmania, Australia, with a population of approximately 210, making it a boutique locality. Located approximately 48 km from the Hobart CBD, Westerway is a regional area in Tasmania. The median household income is $49,348 AUD per year (ABS 2021 Census).

Investment Score

32 / 100 Weak

Westerway'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 Westerway, Tasmania, Australia.

Key Indicators

Postcode
7140

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

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Population
210

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

ABS Census Data โ†’
Median Rent (weekly)
$285/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
$49,348/yr

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

ABS Census Data โ†’
Distance to CBD
48 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)
$921/mo

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

ABS Census Data โ†’
Dwelling Type
88% 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, Westerway 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 $285/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $921/month. 88% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

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

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Rental Yield

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

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Renovation / Flip

The resale market in Westerway may not support quick-turnaround renovation projects.

Risk Factors

Run the numbers on a Westerway property

Full Property Analysis

30-year projections for Westerway

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

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

Frequently Asked Questions

Is Westerway a good suburb for investment?

Westerway is a regional area in Tasmania with a population of 210. The median rent is $285/week and the median household income is $49,348/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 Westerway?

Key demand drivers in Westerway include regional employment hubs, lifestyle, and affordability. 88% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Westerway?

According to the ABS 2021 Census, Westerway has a population of approximately 210. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Westerway from the Hobart CBD?

Westerway is approximately 48 km straight-line distance from the Hobart CBD (calculated from ABS 2021 suburb centroid coordinates). Road travel times will vary; check current mapping services for up-to-date routes.

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