Warrane
Warrane's most striking statistical split is a $675,000 median house price sitting inside one of Tasmania's most economically disadvantaged postcodes. The suburb scores IRSD decile 1 and IRSAD decile 1, the bottom tier nationally on both indexes, yet house prices have compounded at 8.0% annually over 30 years, from $66,500 in 1996 to $675,000 in 2026. Household income falls in the 17.5th percentile nationally, and 52.4% of residents rent rather than own, above the typical rate for a suburb where 89.7% of dwellings are separate houses. Median age is 36, which is 4 years younger than the national figure, and the population of 2,695 spans a tight 3.99 square kilometres.
Population
2,695
Median Age
36.0
Household IncomeiMedian weekly household income (ABS Census)
$1,099/wk
DAs (12 months)iDevelopment Applications lodged in the past year
0
Median House
$675K
YTD 2026
The median house price reached $675,000 in 2026, up from $545,250 in 2024 and $568,500 in 2025, a rapid two-year run. Despite the price level, mortgage repayments average $1,257 per month, giving a mortgage-to-income ratio of 26.4%, below the 30% stress threshold, because the buyer pool benefits from relatively moderate financing costs at current rates. Detached houses make up 89.7% of stock, which is unusually high compared to most urban suburbs, and three-bedroom homes dominate at 65.1% of dwellings. Four-bedroom-plus homes are scarce at just 6.4%. The long-run CAGR of 8.0% over 30 years signals consistent capital growth, though the current price represents the all-time peak with 0.0% gap to the peak quarter.
For Buyers
The median house price reached $675,000 in 2026, up from $545,250 in 2024 and $568,500 in 2025, a rapid two-year run. Despite the price level, mortgage repayments average $1,257 per month, giving a mortgage-to-income ratio of 26.4%, below the 30% stress threshold, because the buyer pool benefits from relatively moderate financing costs at current rates. Detached houses make up 89.7% of stock, which is unusually high compared to most urban suburbs, and three-bedroom homes dominate at 65.1% of dwellings. Four-bedroom-plus homes are scarce at just 6.4%. The long-run CAGR of 8.0% over 30 years signals consistent capital growth, though the current price represents the all-time peak with 0.0% gap to the peak quarter.
For Investors
A renter majority of 52.4% provides a broad tenant base, and weekly rent of $300 is affordable enough to keep vacancy low at 4.8%. Against the $675,000 median, gross yield sits around 2.3%, modest but supported by a market where rents grew 44.2% over the decade, outpacing income growth of 18.9% over the same period. Net overseas migration averages 42 residents per year, partially offsetting an internal outflow of 79 annually. Population is forecast to grow from around 5,034 to 5,361 by 2031 under the medium scenario, an addition of roughly 327 residents over five years. No development applications were recorded in the past 12 months, indicating limited new supply competing with existing stock.
Schools in Warrane iICSEA: school advantage index. 1000 = national avg, higher = more advantaged
Eastside Lutheran College
Prep-10 · 253 students
Warrane Primary School
K-6 · 158 students
Demographics
The median age of 36 is 4 years below the national figure, pointing to a working-age and early-family population rather than a retiree base. University qualifications reach 28.8%, which is 1.3 points below the national average, and 20.0% of residents were born overseas, 1.6 points below the national rate. Ancestry is predominantly English (1,038), with Irish (235) and Scottish (197) backgrounds also represented. Among non-English languages, Nepali (56 speakers) leads, followed by Punjabi (27) and Mandarin (24), reflecting a small but growing South Asian community. Average household size is 2.2, which is 0.3 below the national figure, consistent with a mix of couples and smaller family units. Community participation is moderate, with a volunteering rate of 11.5%.
Age Distribution
Bedrooms
Dwelling Structure
89.7%
Houses
9.9%
Townhouse
0.5%
Apartment
Tenure
Tenure structure is distinctive: 52.4% of households rent, well above typical rates for a suburb where 89.7% of dwellings are separate houses rather than apartments. Outright owners account for 21.1% and mortgage holders 26.5%. The stock is overwhelmingly three-bedroom houses at 65.1%, with two-bedroom dwellings at 23.1% and four-plus at 6.4%. Prices moved from $66,500 in 1996 to a current $675,000, a 915% increase, at a compounded annual growth rate of 8.0% over 30 years. Rent-to-income sits at 27.3%, just below the 30% stress line, meaning current rent levels are manageable for most tenants given local incomes. The vacancy rate of 4.8% signals a slightly loose rental market compared to tighter capital city suburbs.
Median House Price Trend
Source: State Valuer-General
Mortgage / mo
$1,257
Rent / wk
$300
HH Size
2.2
Personal Income / wk
$570
Vacancy Ratei% of dwellings unoccupied on Census night (ABS 2021)
4.8%
Unoccupied
52
Rent / IncomeiMedian rent as % of household income. Over 30% = housing stress
27.3%
Mortgage / IncomeiMedian mortgage as % of household income. Over 30% = housing stress
26.4%
Community Profile
Languages Spoken at Home
Ancestry
Household Composition
25.0%
Couples, no children
1,721
Total families
Economy & Employment
Healthcare is the dominant employer at 22.7% of the workforce (158 workers), followed by Public Administration at 10.8% (75) and Construction and Hospitality both at 9.6% (67 each), with Education at 7.9%. By occupation, Community and Personal Service workers lead at 204, and Labourers follow at 154, a pattern that aligns with the SEIFA picture: IRSD decile 1 and IEO decile 2 nationally, indicating low income and occupational advantage relative to the broader population. The unemployment rate of 8.2% is elevated, and the participation rate of 47.2% is low, with 898 residents not in the labour force. Full-time employment reaches 55.6% among those working. Real income grew 18.9% over the decade, slower than the 44.2% rent growth over the same period.
Unemployment
6.7%
Labour Force
2,512
Unemployed
168
Quarterly Trend
Source: SALM Dec-25
Socio-Economic Indexes (SEIFA)iABS index ranking suburbs from 1 (most disadvantaged) to 10 (most advantaged)
Full-time
55.6%
Part-time
36.2%
Participation
47.2%
Employed
983
Occupations
Top Industries
University
28.8%
Postgraduate
11.0%
Born Overseas
20.0%
Dwellings
1,035
Transport to Work
Transport use skews heavily toward cars: 79.2% of residents drive to work, compared to just 8.0% using public transport and 4.1% walking or cycling. The suburb scores IRSD decile 1 nationally, the bottom tier for relative disadvantage, meaning residents face higher levels of socioeconomic pressure than in most Australian suburbs. About 13.2% of residents (320 people) need daily assistance, an above-average figure that partly reflects income constraints alongside age. Rent-to-income at 27.3% is manageable, and mortgage-to-income at 26.4% stays below the stress threshold. No schools are recorded within the suburb boundary in this dataset. Household turnover is moderate: 74.1% of residents stayed at the same address in the five years prior to the Census.
Drive
79.2%
Public Transport
8.0%
Walk / Cycle
4.1%
Work from Home
N/A
Population Forecast
+0.62%/yr
(+31 people/yr)
EstablishedWarrane is classified as an established suburb with a declining young-adult share, down 3.1 points over the decade, while the senior share rose 2.6 points. Annual population growth runs at 0.62%, adding around 31 persons per year, and the medium forecast projects the population expanding from roughly 5,034 in 2025 to 5,361 by 2031. The primary growth driver is overseas migration at 42 net arrivals annually, offset by a net internal outflow of 79. The 10-year population change of 12.4% indicates steady if unspectacular expansion. Affordability tracked stable, moving from 49.4% in 2011 to 48.7% in 2021. The shift data records a gentrification score of 53, an active stage signal consistent with rising prices and real income gains in a lower-decile suburb.
Historical + Forecast
Hamilton-Perry + Holt smoothing on ERP 2001-2025
Age Cohort Forecast
Primary Driver
Overseas Migration
Net Overseas / yr
+42
Net Internal / yr
-79
Gentrification Signal
Not gentrifying
National Ranking iPercentile rank among ~15,000 AU suburbs. 90% = higher than 90% of suburbs
How Warrane compares to ~15,000 Australian suburbs
Frequently Asked Questions
Is Warrane a good suburb to live in?
Warrane offers affordable separate-house living within 3.99 km2 of established residential land, with a mortgage-to-income ratio of 26.4% and rent-to-income of 27.3%, both below stress thresholds. The suburb scores IRSD decile 1 nationally, indicating higher socioeconomic disadvantage than most areas, and unemployment sits at 8.2%. Residents are predominantly younger, with a median age of 36.
What is the median house price in Warrane?
The median house price in Warrane is $675,000 as of 2026, up from $545,250 in 2024. Prices have grown at a compounded annual rate of 8.0% over 30 years, from $66,500 in 1996. Weekly rent averages $300 and monthly mortgage repayments average $1,257.
What schools are in Warrane?
No schools are recorded within the Warrane suburb boundary in this dataset. Families rely on schools in neighbouring suburbs. The local university qualification rate is 28.8%, which is 1.3 points below the national average, and the suburb has a younger median age of 36.
Is Warrane safe?
Crime statistics are not available for Warrane in this dataset. As a broader indicator, the suburb scores IRSD decile 1 nationally, the bottom tier for relative disadvantage, and 13.2% of residents (320 people) need daily assistance. The unemployment rate of 8.2% is above typical metro suburb levels.
Is Warrane good for property investment?
Warrane has a 52.4% renter majority and a rental vacancy rate of 4.8%, giving landlords a steady tenant pool. Weekly rent of $300 against a $675,000 median implies a gross yield of around 2.3%. Rent grew 44.2% over the decade. No development applications were recorded in the past 12 months, limiting new supply pressure. The 30-year CAGR is 8.0%.
How is Warrane's population changing?
Warrane is growing at 0.62% annually, adding around 31 residents per year. The 10-year population change is 12.4%. The medium forecast projects growth from around 5,034 in 2025 to 5,361 by 2031. Overseas migration adds 42 residents annually on net, partially offset by internal outflow of 79 per year.
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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