South Arm is a small community in Tasmania within the Clarence local government area (postcode 7022). With a population of 963, the suburb has a settled, mature resident base with a median age of 48. Households earn a median income of $72K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.4% 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 professionals, technicians & trades, managers. Employment in the area leans toward construction and education. The top ancestries reported are English, Australian, Irish.
The median house price in South Arm is $910,000, having dipped slightly by 1.2% over the past year. The median weekly rent is $350 (Census 2021). This gives a gross rental yield of approximately 2.0%. The median monthly mortgage repayment is $1,517.
South Arm is served by 1 school, including 1 primary. The average ICSEA score is 1060, which is above the national average of 1,000. Public transport access includes 16 bus stops.
On the investment side, Gross rental yield sits at around 2.0% (low yield). Property prices are near the state median ($910K/$750K). The price-to-income ratio of 12.7x is considered stretched. House prices have moved -1.2% year-on-year. Population growth of +0.4% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.