Sheffield is a small community in Tasmania within the Kentish local government area (postcode 7306). With a population of 1,602, the suburb has a mature demographic with a median age of 54. Households earn a median income of $50K per year, with an average household size of 2.1 people. The most common occupations are technicians & trades, managers, labourers. The top ancestries reported are English, Australian, Scottish.
The median house price in Sheffield is $530,000, having grown strongly 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.
From an investment perspective, Sheffield offers a gross rental yield of 2.0%, rated as 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.
Sheffield is a small community in Tasmania within the Kentish local government area (postcode 7306). With a population of 1,602, the suburb has a mature demographic with a median age of 54. Households earn a median income of $50K per year, with an average household size of 2.1 people. The most common occupations are technicians & trades, managers, labourers. The top ancestries reported are English, Australian, Scottish.
The median house price in Sheffield is $530,000, having grown strongly 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.
From an investment perspective, Sheffield offers a gross rental yield of 2.0%, rated as 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.