Located in Tasmania within the Devonport local government area, Quoiba is a sparsely populated locality (postcode 7310). The area has roughly 427 residents and a mature demographic, with a median age of 45. Households earn a median income of $71K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.1% 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, managers, professionals. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Scottish.
Median house prices in Quoiba stand at $684,000, having surged by 14% over the last twelve months. Units have a median price of $378,000 (-6.8% YoY). The median weekly rent is $295 (Census 2021). This gives a gross rental yield of approximately 2.2%. The median monthly mortgage repayment is $1,083.
Public transport access includes 2 bus stops.
From an investment perspective, Gross rental yield sits at around 2.2% (low yield). Property prices are near the state median ($684K/$750K). The price-to-income ratio of 9.7x is considered moderate. House prices have moved +14.0% year-on-year. Population growth of +0.1% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.