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Otago, TAS 7017
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$900,000
list-price estimate
Median Unit
$680,000
Gross Yield (houses)
3.3%
1yr Growth (houses)
+18.1%
market range +5.0% to +22.5%
Investment snapshot for Otago
Otago has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Otago market and investor summary
In Otago, TAS 7017, houses show a gross rental yield of 3.3%. House prices have moved +18.1% over the past year and +45.3% over three years. At 9.1% vacancy, it is a softer rental market with more choice for tenants.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 3.3% will not cover holding costs in the early years, so the case leans on price appreciation. Demand is softer at 9.1% vacancy, so longer gaps between tenants are more likely and worth building into the numbers. Houses also take time to sell, around 155 days on market, so plan for a slower exit if you ever need one.
Living in Otago: people, income and schools
Otago is home to around 596 people, and the area has been growing steadily, up about 8% over five years. At a median age of 51, it reads as an older, established demographic, and 89% 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 $101,000 a year (about $1,940 a week). On socio-economic measures it ranks around the national middle on the ABS advantage index (6 out of 10). Incomes have risen about 17% over five years, which tends to underpin what local buyers can pay.
Families have 17 schools within roughly 5km to choose from, testing below the national school average on ICSEA. Otago sits about 8.8 km from the CBD. It is fairly car-dependent; the suburb scores 10 for walkability and 8 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.
- Population
- 596
- +8% over 5yr
- Median age
- 51 years
- Median household income
- $101,000/yr
- Households renting
- 4%
- Family households
- 86%
- Socio-economic rank
- 6/10
- ABS advantage index
- Schools within 5km
- 17
- avg ICSEA 896
- Unemployment
- 2.7%
- Distance to CBD
- 8.8 km
- Walk score
- 10/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Otago
View all →Frequently asked questions about Otago
What should I check before investing in Otago?
Otago has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.2% gives a usable rent-to-price starting point. Capital growth of +18.1% in the past year shows strong recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Otago?
The median property price in Otago, TAS 7017 is $680K for units.
What rental yield does Otago show?
The gross rental yield in Otago is 3.3% for houses and 4.2% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Otago?
House prices in Otago are up 18.1% over the past year and up 45.3% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Otago?
The current vacancy rate in Otago is 9.1%. 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 Otago?
Otago has a population of approximately 596 residents, with a median age of 51.
What schools are near Otago?
There are 17 schools within roughly 5km of Otago. Their average ICSEA is below the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Otago's population growing?
The population of Otago 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 Otago from the CBD?
Otago is about 8.8 km from the CBD.
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