Hadspen vs Penguin
Property investment comparison - Hadspen, TAS 7290 vs Penguin, TAS 7316
Head-to-head across core investment metrics: Hadspen wins 2, Penguin wins 3. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Hadspen | Penguin |
|---|---|---|
| Median house price | $670K | $665K |
| Median unit price | $420K | - |
| Gross rental yield (houses) | 4.40% | - |
| Gross rental yield (units) | 4.80% | 4.42% |
| 1-year house growth | +21.8% | +14.2% |
| 3-year house growth | +12.3% | +12.5% |
| Vacancy rate | 1.7% | 0.9% |
| Population | 2,429 | 4,132 |
Hadspen vs Penguin: what the numbers say
The median house price is $670K in Hadspen and $665K in Penguin, so Penguin is the cheaper entry point, with Hadspen houses about 1% dearer.
Over the past year house prices moved +21.8% in Hadspen and +14.2% in Penguin, so recent momentum favours Hadspen, although both suburbs recorded growth.
Looking back three years, Hadspen houses are +12.3% and Penguin houses +12.5%, so Penguin has compounded faster than Hadspen over the longer window.
Rental vacancy is 0.9% in Penguin and 1.7% in Hadspen, so landlords in Penguin face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Penguin is the bigger suburb, with a population of 4,132 against 2,429, larger than Hadspen; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Penguin for a lower purchase price, Hadspen for recent price momentum, Penguin for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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