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Garden Island, TAS 7112
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$500,000
Median Unit
$435,000
Gross Yield (houses)
6.1%
1yr Growth
-
Investment snapshot for Garden Island
Garden Island has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Garden Island market and investor summary
In Garden Island, TAS 7112, the median house sells for around $500K, on a gross rental yield of 6.1% for houses. At 8.1% vacancy, it is a softer rental market with more choice for tenants.
For an investor, the rent-to-price maths here leans toward cashflow: a gross house yield near 6.1% does more of the early heavy lifting than capital growth usually would at this price point. Demand is softer at 8.1% vacancy, so longer gaps between tenants are more likely and worth building into the numbers.
Living in Garden Island: people, income and schools
Garden Island has a resident population of roughly 0, and the area has been growing steadily, up about 8% over five years. At a median age of 47, it reads as skewed a little older, and 78% 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 $53,000 a year (about $1,020 a week). On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (3 out of 10). At current prices a median house runs to a steep 9.5 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 14% over five years, which tends to underpin what local buyers can pay.
Garden Island sits about 45 km from the CBD. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 0
- +8% over 5yr
- Median age
- 47 years
- Median household income
- $53,000/yr
- Households renting
- 18%
- Family households
- 67%
- Socio-economic rank
- 3/10
- ABS advantage index
- Unemployment
- 4.4%
- Distance to CBD
- 45 km
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Garden Island
No properties currently listed in Garden Island
Search Garden Island listings →Frequently asked questions about Garden Island
What should I check before investing in Garden Island?
Garden Island has enough public data for first-pass screening across yield, vacancy, price and supply signals. Strong unit gross rental yield of 6.4%, before expenses, tax and loan costs. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Garden Island?
The median property price in Garden Island, TAS 7112 is $500K for houses and $435K for units.
What rental yield does Garden Island show?
The gross rental yield in Garden Island is 6.1% for houses and 6.4% 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 Garden Island?
The current vacancy rate in Garden Island is 8.1%. A rate under 2% generally signals a tight rental market. This suburb's rental market is softer, with tenants having more choice and rents possibly under pressure.
How many people live in Garden Island?
Garden Island has a population of approximately 0 residents, with a median age of 47.
Is Garden Island affordable to buy in?
A median house in Garden Island costs about 9.5 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 Garden Island's population growing?
The population of Garden Island 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.
How far is Garden Island from the CBD?
Garden Island is about 45 km from the CBD.
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