Located in Tasmania within the Kingborough local government area, Taroona is a compact suburb (postcode 7053). It is home to about 3,121 residents, with a mature demographic and a median age of 47. Households earn a median income of $96K per year, with an average household size of 2.5 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, managers, community & personal service. Employment in the area leans toward education and healthcare. The top ancestries reported are English, Australian, Scottish.
Taroona has a median house price of $937,000, which has fallen by 5.6% year-on-year. Units have a median price of $1.0 million (+119.8% YoY). The current median weekly rent is $575. This gives a gross rental yield of approximately 3.2%. The median monthly mortgage repayment is $1,733.
Taroona is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 1134, which is well above the national average of 1,000. Public transport access includes 23 bus stops.
From an investment perspective, Taroona shows a gross rental yield of approximately 3.2%, rated as moderate yield. Property prices are near the state median ($937K/$750K). The price-to-income ratio of 9.8x is considered moderate. House prices have moved -5.6% 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.