Acton is a small community in Tasmania within the Burnie local government area (postcode 7320). The area has roughly 1,377 residents and a mix of young professionals and families, with a median age of 35. Households earn a median income of $57K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.2% year-on-year at the LGA level. TAS employment has moved -0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. TAS also had 19 Commonwealth-backed major projects under construction, 0 underway, and 16 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are community & personal service, labourers, technicians & trades. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are Australian, English, Aboriginal Australian.
Acton has a median house price of $370,000, which has eased back by 2.6% year-on-year. Units have a median price of $321,000 (+7.1% YoY). The current median weekly rent is $450. This gives a gross rental yield of approximately 6.3%. The median monthly mortgage repayment is $867.
Acton is served by 1 school, including 1 special. The average ICSEA score is 938, which is below the national average of 1,000. Public transport access includes 7 bus stops.
Looking at the investment signals, The gross rental yield works out to roughly 6.3%, which reads as high yield. Property prices sit below the state median ($370K/$750K), which can point to relative value. The price-to-income ratio of 6.5x is considered moderate. House prices have moved -2.6% year-on-year. Population growth of +0.2% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.