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Cornwall, TAS 7215
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$480,000
Median Unit
$475,000
Gross Yield (houses)
5.9%
1yr Growth
-
Investment snapshot for Cornwall
Cornwall has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Cornwall market and investor summary
In Cornwall, TAS 7215, the median house sells for around $480K, on a gross rental yield of 5.9% for houses. At 2.6% vacancy, it is a broadly balanced rental market.
For an investor, the rent-to-price maths here leans toward cashflow: a gross house yield near 5.9% does more of the early heavy lifting than capital growth usually would at this price point. Houses also take time to sell, around 103 days on market, so plan for a slower exit if you ever need one.
Living in Cornwall: people, income and schools
Cornwall has a resident population of roughly 82, and the area has been growing steadily, up about 8% over five years. At a median age of 52, it reads as an older, established demographic, and 76% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $48,000 a year (about $930 a week). On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (2 out of 10). At current prices a median house runs to a steep 9.9 times local household income, so affordability is a genuine constraint on local buyers.
There is 1 school within about 5km, testing below the national school average on ICSEA. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 82
- +8% over 5yr
- Median age
- 52 years
- Median household income
- $48,000/yr
- Households renting
- 21%
- Family households
- 64%
- Socio-economic rank
- 2/10
- ABS advantage index
- Schools within 5km
- 1
- avg ICSEA 949
- Unemployment
- 5.1%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Cornwall
No properties currently listed in Cornwall
Search Cornwall listings →Frequently asked questions about Cornwall
What should I check before investing in Cornwall?
Cornwall has enough public data for first-pass screening across yield, vacancy, price and supply signals. Solid house gross rental yield of 5.9%, giving a stronger rent-to-price starting point than many suburbs. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Cornwall?
The median property price in Cornwall, TAS 7215 is $480K for houses and $475K for units.
What rental yield does Cornwall show?
The gross rental yield in Cornwall is 5.9% for houses and 4.0% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
How tight is the rental market in Cornwall?
The current vacancy rate in Cornwall is 2.6%. A rate under 2% generally signals a tight rental market. This suburb's rental market is balanced, favouring neither landlords nor tenants strongly.
How many people live in Cornwall?
Cornwall has a population of approximately 82 residents, with a median age of 52.
What schools are near Cornwall?
There are 1 school within roughly 5km of Cornwall. Their average ICSEA is below the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Cornwall affordable to buy in?
A median house in Cornwall costs about 9.9 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Cornwall's population growing?
The population of Cornwall has grown about 8% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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