Smithton (postcode 7330) is a smaller residential area in Tasmania within the Circular Head local government area. The area has roughly 3,934 residents and an established demographic, with a median age of 42. Households earn a median income of $62K 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 +0.0% 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 labourers, managers, technicians & trades. Employment in the area leans toward manufacturing and agriculture. The top ancestries reported are Australian, English, Aboriginal Australian.
Smithton has a median house price of $385,000, which has posted strong gains by 6.2% year-on-year. Units have a median price of $310,000 (-12.7% YoY). The current median weekly rent is $420. This gives a gross rental yield of approximately 5.7%. The median monthly mortgage repayment is $1,083.
Smithton is served by 4 schools, including 2 primary, 1 secondary, 1 combined. The average ICSEA score is 872, which is well below the national average of 1,000. Public transport access includes 1 rail station.
Looking at the investment signals, The gross rental yield works out to roughly 5.7%, which reads as high yield. Property prices sit below the state median ($385K/$750K), which can point to relative value. The price-to-income ratio of 6.2x is considered moderate. House prices have moved +6.2% year-on-year. Population growth of +0.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.