Bungaree is a sparsely populated locality in Tasmania within the King Island local government area (postcode 7256). With a population of 9, the suburb has an established family demographic with a median age of 42. Households earn a median income of $117K per year, with an average household size of 2.8 people. Recent annual estimates show population movement softening across the broader catchment, with population growth running at -0.7% year-on-year at the LGA level. TAS employment has moved -1.2% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. TAS also had 17 Commonwealth-backed major projects under construction, 2 underway, and 16 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The top ancestries reported are English, Australian.
The median weekly rent is $150 (Census 2021).
Looking at the investment signals, Population growth of -0.7% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.