Hadspen is a smaller suburb in Tasmania within the Meander Valley local government area (postcode 7290). With a population of 2,429, the suburb has an established demographic with a median age of 39. Households earn a median income of $77K per year, with an average household size of 2.5 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.8% 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 technicians & trades, professionals, clerical & administrative. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Irish.
Median house prices in Hadspen stand at $640,000, having surged by 11.5% over the last twelve months. Units have a median price of $430,000 (+18.6% YoY). The current median weekly rent is $390. This gives a gross rental yield of approximately 3.2%. The median monthly mortgage repayment is $1,356.
Public transport access includes 2 rail stations, 13 bus stops.
Looking at the investment signals, Hadspen shows a gross rental yield of approximately 3.2%, rated as moderate yield. Property prices are near the state median ($640K/$750K). The price-to-income ratio of 8.3x is considered moderate. House prices have moved +11.5% year-on-year. Population growth of +0.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.