Sheffield (postcode 7306) is a small community in Tasmania within the Kentish local government area. It is home to about 1,602 residents, with a settled, mature resident base and a median age of 54. Households earn a median income of $50K per year, with an average household size of 2.1 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. The most common occupations are technicians & trades, managers, labourers. Employment in the area leans toward healthcare and accommodation & food. The top ancestries reported are English, Australian, Scottish.
The median house price in Sheffield is $530,000, having posted strong gains by 6.6% over the past year. The median weekly rent is $200 (Census 2021). This gives a gross rental yield of approximately 2.0%. The median monthly mortgage repayment is $1,000.
Sheffield is served by 1 school, including 1 combined. The average ICSEA score is 921, which is below the national average of 1,000. Public transport access includes 1 bus stop.
On the investment side, Gross rental yield sits at around 2.0% (low yield). Property prices are near the state median ($530K/$750K). The price-to-income ratio of 10.5x is considered stretched. House prices have moved +6.6% year-on-year. 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.