Cambridge is a small community in Tasmania within the Clarence local government area (postcode 7170). It is home to about 1,454 residents, with an established family demographic and a median age of 41. Households earn a median income of $106K per year, with an average household size of 2.6 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.4% 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 professionals, managers, technicians & trades. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Irish.
Cambridge has a median house price of $1.0 million, holding roughly steady year-on-year. Units have a median price of $765,000 (+13.4% YoY). The median weekly rent is $410 (Census 2021). This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $1,733.
Cambridge is served by 1 school, including 1 primary. The average ICSEA score is 1041, which is around the national average of 1,000. Public transport access includes 29 bus stops.
Looking at the investment signals, Gross rental yield sits at around 2.1% (low yield). Property prices are above the state median ($1.0M/$750K), placing it in the premium segment. The price-to-income ratio of 9.5x is considered moderate. House prices have moved +0.0% year-on-year. Population growth of +0.4% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.