Located in Tasmania within the Brighton local government area, Tea Tree is a quiet locality (postcode 7017). With a population of 464, the suburb has an established family demographic with a median age of 44. Households earn a median income of $95K per year, with an average household size of 2.8 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% 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 managers, technicians & trades, professionals. Employment in the area leans toward construction and agriculture. The top ancestries reported are Australian, English, Irish.
The median weekly rent is $350 (Census 2021). The median monthly mortgage repayment is $1,551.
On the investment side, Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.