Nugent (postcode 7172) is a small, quiet locality in Tasmania within the Sorell local government area. The area has roughly 117 residents and a settled mid-life population, with a median age of 41. Households earn a median income of $62K 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 +1.4% 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 technicians & trades, labourers, managers. Employment in the area leans toward construction and retail trade. The top ancestries reported are Australian, English, Scottish.
The median weekly rent is $330 (Census 2021). The median monthly mortgage repayment is $1,300.
From an investment perspective, Population growth of +1.4% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.