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Paradise, TAS 7306
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$780,000
list-price estimate
Median Unit
$405,000
list-price estimate
Gross Yield (houses)
3.5%
1yr Growth
-
Investment snapshot for Paradise
Paradise has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Paradise market and investor summary
In Paradise, TAS 7306, houses show a gross rental yield of 3.5%. At 0.5% vacancy, it is a tight rental market that favours landlords.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 3.5% is neither a standout cashflow play nor a pure growth bet. Rental demand looks steady, with vacancy at 0.5% and a resident base that is not shrinking. Houses also take time to sell, around 112 days on market, so plan for a slower exit if you ever need one.
Living in Paradise: people, income and schools
Paradise is home to around 126 people, a number that has held fairly steady over five years. At a median age of 59, it reads as an older, established demographic, and 84% 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 $55,000 a year (about $1,060 a week). On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (2 out of 10). Incomes have risen about 20% over five years, which tends to underpin what local buyers can pay.
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
- 126
- +5% over 5yr
- Median age
- 59 years
- Median household income
- $55,000/yr
- Households renting
- 13%
- Family households
- 78%
- Socio-economic rank
- 2/10
- ABS advantage index
- Schools within 5km
- 1
- avg ICSEA 926
- Unemployment
- 3.6%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Paradise
No properties currently listed in Paradise
Search Paradise listings →Frequently asked questions about Paradise
What should I check before investing in Paradise?
Paradise has enough public data for first-pass screening across yield, vacancy, price and supply signals. Tight rental market (0.5% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What rental yield does Paradise show?
The gross rental yield in Paradise is 3.5% for houses. 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 Paradise?
The current vacancy rate in Paradise is 0.5%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Paradise?
Paradise has a population of approximately 126 residents, with a median age of 59.
What schools are near Paradise?
There are 1 school within roughly 5km of Paradise. Their average ICSEA is below the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Paradise's population growing?
The population of Paradise has grown modestly, about 5% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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