Located in Tasmania within the Kentish local government area, Promised Land is a sparsely populated locality (postcode 7306). With a population of 32, the suburb has a settled, mature resident base with a median age of 49. Households earn a median income of $59K 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 +0.3% 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. Employment in the area leans toward accommodation & food and public admin & safety. The top ancestries reported are Australian, English, Irish.
The median monthly mortgage repayment is $1,200.
Looking at the investment signals, Population growth of +0.3% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.