Savage River (postcode 7321) is a small, quiet locality in Tasmania within the Waratah-Wynyard local government area. The area has roughly 23 residents and an established demographic, with a median age of 38. Households earn a median income of $59K per year, with an average household size of 1.5 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.2% 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 machinery operators & drivers, community & personal service, technicians & trades. Employment in the area leans toward mining and accommodation & food. The top ancestries reported are English, Australian, Irish.
The median weekly rent is $90 (Census 2021).
From an investment perspective, Population growth of +0.2% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.