Bridgewater is a smaller suburb in Tasmania within the Brighton local government area (postcode 7030). With a population of 4,592, the suburb has a young professional demographic with a median age of 31. Households earn a median income of $49K per year, with an average household size of 2.5 people. The most common occupations are labourers, community & personal service, technicians & trades. The top ancestries reported are English, Australian, Aboriginal Australian.
The median house price in Bridgewater is $396,000, having dropped significantly 12.1% over the past year. Units have a median price of $345,000 (-11% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 6.6%. The median monthly mortgage repayment is $1,083.
Bridgewater is served by 4 schools, including 3 primary, 1 secondary. The average ICSEA score is 862, which is well below the national average of 1,000. Public transport access includes 46 bus stops.
From an investment perspective, Bridgewater offers a gross rental yield of 6.6%, rated as high yield. Property prices sit below the state median ($396K/$750K), suggesting a potential value opportunity. The price-to-income ratio of 8.1x is considered moderate. House prices have moved -12.1% year-on-year.
Bridgewater is a smaller suburb in Tasmania within the Brighton local government area (postcode 7030). With a population of 4,592, the suburb has a young professional demographic with a median age of 31. Households earn a median income of $49K per year, with an average household size of 2.5 people. The most common occupations are labourers, community & personal service, technicians & trades. The top ancestries reported are English, Australian, Aboriginal Australian.
The median house price in Bridgewater is $396,000, having dropped significantly 12.1% over the past year. Units have a median price of $345,000 (-11% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 6.6%. The median monthly mortgage repayment is $1,083.
Bridgewater is served by 4 schools, including 3 primary, 1 secondary. The average ICSEA score is 862, which is well below the national average of 1,000. Public transport access includes 46 bus stops.
From an investment perspective, Bridgewater offers a gross rental yield of 6.6%, rated as high yield. Property prices sit below the state median ($396K/$750K), suggesting a potential value opportunity. The price-to-income ratio of 8.1x is considered moderate. House prices have moved -12.1% year-on-year.