Seven Mile Beach
A median house price of $1,092,500, a population of just 1,467 and a vacancy rate of 3.0% tell the story of Seven Mile Beach: a small, tightly held coastal enclave where demand consistently outpaces supply. Household income sits at the 80.5th percentile nationally, yet the suburb runs no apartments whatsoever. Every dwelling is a separate house, a ratio higher than virtually any comparable coastal location in Tasmania. Residents are older than average, with a median age of 46 compared to the national figure of 40, and 81.9% stayed at the same address in the year before the census, pointing to a settled community that turns over slowly.
Population
1,467
Median Age
46.0
Household IncomeiMedian weekly household income (ABS Census)
$2,125/wk
DAs (12 months)iDevelopment Applications lodged in the past year
0
Median House
$1.1M
YTD 2026
The $1,092,500 median house price for YTD 2026 follows a volatile three-year sequence: $1,175,000 in 2023, a dip to $1,042,500 in 2024, then a sharp recovery to $1,327,000 in 2025. Monthly mortgage repayments average $1,781, producing a mortgage-to-income ratio of 19.4%, well below the 30% stress threshold and lower than most comparable coastal Tasmanian markets. The stock is exclusively separate houses, with 50.6% three-bedroom and 38.0% four-plus bedroom, so buyers are choosing from a deep, family-sized pool. Outright owners at 41.1% outnumber the national norm, indicating long-held properties rather than speculative churn. For buyers priced into this range, the debt servicing burden is more manageable than the headline price suggests.
For Buyers
The $1,092,500 median house price for YTD 2026 follows a volatile three-year sequence: $1,175,000 in 2023, a dip to $1,042,500 in 2024, then a sharp recovery to $1,327,000 in 2025. Monthly mortgage repayments average $1,781, producing a mortgage-to-income ratio of 19.4%, well below the 30% stress threshold and lower than most comparable coastal Tasmanian markets. The stock is exclusively separate houses, with 50.6% three-bedroom and 38.0% four-plus bedroom, so buyers are choosing from a deep, family-sized pool. Outright owners at 41.1% outnumber the national norm, indicating long-held properties rather than speculative churn. For buyers priced into this range, the debt servicing burden is more manageable than the headline price suggests.
For Investors
The investment case rests on scarcity rather than yield. Weekly rent of $430 against a $1,092,500 median implies a gross yield around 2.0%, below most TAS coastal benchmarks. However, a vacancy rate of 3.0% confirms the rental market is broadly in balance, and the renter share at 8.4% is unusually low, meaning landlords face less competition from other landlords than in higher-density suburbs. The price history shows a 29-year compound annual growth rate of 7.7%, rising from $153,000 in 1996 to $1,327,000 in 2025, a 767.3% total gain. No development applications were recorded in the past 12 months, which limits near-term supply and supports long-run capital value. The thin rental market means vacancies can take longer to fill, so investors should budget for some vacancy exposure.
Demographics
The median age of 46 sits 6 years above the national average, making this one of the older resident bases on the Tasmanian coast. Overseas-born residents at 12.0% are 9.6 percentage points below the national figure, and ancestry is overwhelmingly Anglo-Celtic: English (769), Irish (181) and Scottish (168) are the top three groups. University qualifications at 35.3% exceed the national rate by 5.2 percentage points, consistent with the professional and managerial occupations that dominate local employment. Average household size is 2.6, slightly above the national average. The high 41.1% outright ownership and low turnover of 18.1% annually reinforce a picture of long-established families rather than a suburb in demographic transition.
Age Distribution
Bedrooms
Dwelling Structure
100.0%
Houses
N/A
Townhouse
N/A
Apartment
Tenure
The entire housing stock consists of separate houses, with no apartments or semi-detached dwellings recorded. Three-bedroom homes make up 50.6% and four-plus bedroom homes 38.0%, so the suburb skews decisively toward family-sized properties. Outright owners at 41.1% and mortgage holders at 50.5% together account for 91.6% of occupiers, with renters at just 8.4%, far lower than state and national averages. The long-run price record shows a compound annual growth rate of 7.7% over 29 years, climbing from $153,000 in 1996 to $1,327,000 in 2025. Mortgage-to-income at 19.4% and rent-to-income at 20.2% both sit comfortably below stress thresholds, indicating that current residents can sustain their housing costs despite elevated prices relative to the broader Tasmanian market.
Median House Price Trend
Source: State Valuer-General
Mortgage / mo
$1,781
Rent / wk
$430
HH Size
2.6
Personal Income / wk
$950
Vacancy Ratei% of dwellings unoccupied on Census night (ABS 2021)
3.0%
Unoccupied
17
Rent / IncomeiMedian rent as % of household income. Over 30% = housing stress
20.2%
Mortgage / IncomeiMedian mortgage as % of household income. Over 30% = housing stress
19.4%
Community Profile
Ancestry
Household Composition
29.4%
Couples, no children
1,260
Total families
Economy & Employment
Education (17.2%, 97 workers) and Healthcare (16.9%, 95 workers) together account for more than one-third of local employment, a pattern typical of public-sector-anchored coastal suburbs. Public Admin adds another 14.7% (83 workers) and Construction 11.2% (63 workers), the latter reflecting ongoing residential activity in surrounding coastal developments. Unemployment is 3.6% and the full-time employment rate is 59.2%, with 427 residents in full-time work against 294 part-time. Professionals (200) and Managers (134) together form the largest occupational bloc, consistent with household income at the 80.5th percentile nationally. Labour force participation at 62.2% is moderate, partly because 382 residents are not in the labour force, a share in line with the older median age of 46.
Socio-Economic Indexes (SEIFA)iABS index ranking suburbs from 1 (most disadvantaged) to 10 (most advantaged)
Full-time
59.2%
Part-time
37.2%
Participation
62.2%
Employed
721
Occupations
Top Industries
University
35.3%
Postgraduate
5.1%
Born Overseas
12.0%
Dwellings
541
Transport to Work
Car dependence is near-total: 89.9% of residents drive to work and only 3.5% use public transport, compared to the national public transport share of roughly 9-10%. This reflects the suburb's coastal location outside Hobart's main bus corridors. No schools are recorded within the Seven Mile Beach boundary, so families rely on facilities in neighbouring areas. No crime data is available for this locality. On the positive side, housing stress indicators are low: mortgage-to-income at 19.4% and rent-to-income at 20.2% both sit below the 30% stress threshold, meaning residents retain more disposable income than counterparts in higher-cost urban suburbs. Volunteering at 19.9% and a need-assistance rate of just 4.0% (58 residents) reinforce a picture of a self-sufficient, engaged community.
Drive
89.9%
Public Transport
3.5%
Walk / Cycle
1.9%
Work from Home
N/A
National Ranking iPercentile rank among ~15,000 AU suburbs. 90% = higher than 90% of suburbs
How Seven Mile Beach compares to ~15,000 Australian suburbs
Frequently Asked Questions
Is Seven Mile Beach a good suburb to live in?
Seven Mile Beach offers a low-density coastal lifestyle with household income at the 80.5th percentile nationally and housing stress well below the 30% threshold. Mortgage-to-income is 19.4% and rent-to-income 20.2%. The main practical trade-off is near-total car dependence, with 89.9% of residents driving and only 3.5% using public transport, plus no schools recorded within the suburb boundary.
What is the median house price in Seven Mile Beach?
The median house price is $1,092,500 for YTD 2026. It peaked at $1,327,000 in 2025 after dipping to $1,042,500 in 2024. Monthly mortgage repayments average $1,781. Long-run, prices grew at a 7.7% compound annual rate over 29 years, rising from $153,000 in 1996.
What schools are in Seven Mile Beach?
No schools are recorded inside the Seven Mile Beach suburb boundary in this dataset. Families rely on schools in neighbouring suburbs. University qualifications among residents reach 35.3%, which is 5.2 percentage points above the national average, indicating an educated community despite no local school infrastructure.
Is Seven Mile Beach safe?
Detailed crime statistics are not available for Seven Mile Beach in this dataset. As an indirect indicator, housing stress is low with mortgage-to-income at 19.4% and rent-to-income at 20.2%, both below the 30% stress threshold. Only 4.0% of residents (58 people) require daily assistance, consistent with a stable, low-disadvantage community.
Is Seven Mile Beach good for property investment?
The 29-year compound annual growth rate of 7.7% is the primary investment case, with prices rising from $153,000 in 1996 to $1,327,000 in 2025. The vacancy rate of 3.0% shows a balanced rental market, though the renter share at 8.4% is thin. Weekly rent of $430 against the $1,092,500 median implies a gross yield around 2.0%, so the case is capital growth rather than income.
How is Seven Mile Beach's population changing?
The current population is 1,467, with a density of 99.4 persons per km2 across 14.75 km2. No formal population forecast is available for this locality. The 81.9% stay-in-place rate and annual turnover of just 18.1% indicate a stable, slowly changing community rather than rapid growth or decline, and no development applications were recorded in the past 12 months.
How to read these comparisons
Phrases like "above the national average" reference the unweighted median across Australian suburbs with more than 1,000 residents, not population-weighted national figures. Suburb-level medians are more useful for ranking suburbs against each other; ABS census headlines are population-weighted (so dominated by Sydney and Melbourne) and can read very differently.
Current baseline (refreshed 2026-05-10): median age 40, university-educated 30.1%, born overseas 21.6%, average household size 2.5 people.
Data sources: ABS 2021 Census (demographics, income, tenure), state Valuer-General (house prices), Department of Jobs SALM (unemployment), ACARA (school ICSEA), state Crime Statistics agencies (offences), council DA portals (development applications). Population forecasts use a Hamilton-Perry cohort model calibrated to ABS ERP.
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