Reekara (postcode 7256) is a small, quiet locality in Tasmania within the King Island local government area. It is home to about 23 residents, with a predominantly older resident base and a median age of 57. Households earn a median income of $130K per year, with an average household size of 2.3 people. Recent annual estimates show population movement softening across the broader catchment, with population growth running at -0.7% year-on-year at the LGA level. TAS employment has moved -1.2% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. TAS also had 17 Commonwealth-backed major projects under construction, 2 underway, and 16 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are managers, technicians & trades, clerical & administrative. The top ancestries reported are Australian, English, Scottish.
The median monthly mortgage repayment is $650.
From an investment perspective, Population growth of -0.7% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.