Smithton vs Upper Natone
Property investment comparison - Smithton, TAS 7330 vs Upper Natone, TAS 7321
Head-to-head across core investment metrics: Smithton wins 2, Upper Natone wins 1. 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 | Smithton | Upper Natone |
|---|---|---|
| Median house price | $400K | $405K |
| Median unit price | - | - |
| Gross rental yield (houses) | 5.20% | 7.13% |
| Gross rental yield (units) | 4.64% | - |
| 1-year house growth | +12.1% | - |
| 3-year house growth | +10.3% | - |
| Vacancy rate | 1.0% | 1.8% |
| Population | 3,934 | 111 |
Smithton vs Upper Natone: what the numbers say
The median house price is $400K in Smithton and $405K in Upper Natone, so Smithton is the cheaper entry point, with Upper Natone houses about 1% dearer.
On cash flow, Upper Natone leads: houses there return a gross rental yield of 7.13%, compared with 5.20% in Smithton, a gap of 1.93 percentage points.
Rental vacancy is 1.0% in Smithton and 1.8% in Upper Natone, so landlords in Smithton face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Smithton is the bigger suburb, with a population of 3,934 against 111, roughly 35 times the size of Upper Natone; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Upper Natone for rental income, Smithton for a lower purchase price, Smithton 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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