Located in Tasmania within the Huon Valley local government area, Castle Forbes Bay is a small, quiet locality (postcode 7116). With a population of 176, the suburb has a settled, mature resident base with a median age of 53. Households earn a median income of $63K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.9% 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 labourers, professionals, technicians & trades. Employment in the area leans toward agriculture and healthcare. The top ancestries reported are English, Australian, Scottish.
The median weekly rent is $290 (Census 2021). The median monthly mortgage repayment is $1,220.
Public transport access includes 4 bus stops.
From an investment perspective, Population growth of +0.9% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.