📈 Suburbs With the Fastest-Growing Incomes in Tasmania
Incomes across Australia rose sharply between the 2019-20 and 2023-24 financial years, driven by wage growth, inflation and a tight labour market. But the gains were far from even — some postcodes saw median taxable incomes climb by more than 40%, while others barely moved. This ranking lists the 25 postcodes in Tasmania where median taxable income grew the fastest, using the ATO's Taxation Statistics 2023-24 (Individuals — Table 8).
Sandy Bay leads with median taxable income rising 36.1% — from $40,886 in 2019-20 to $55,656 in 2023-24. Across the top 25, the midpoint suburb still grew 27.2%. Fast growth tends to cluster in sea-change and tree-change areas that attracted higher earners over the period, resource-town postcodes riding a commodities cycle, and outer-metro suburbs where new higher-income households moved in.
ATO figures are reported by postcode and cover every individual who lodged a tax return, so they describe the whole postcode rather than a single suburb. Only postcodes with a representative suburb of at least 200 residents are included, and the ATO suppresses any postcode with fewer than 200 lodgments. Taxable income differs from ABS Census household and personal income, which can rank areas differently.
Sandy Bay TAS 7005
Sandy Bay is Hobart's most prestigious suburb, stretching from the waterfront to the slopes of Mount Wellington just 3 kilometres from the CBD. The University of Tasmania campus brings academic life, while the Wrest Point casino marks the waterfront.
New Town TAS 7008
New Town is a well-established inner suburb of Hobart, located approximately 3 kilometres north of the CBD within the City of Glenorchy council area. With a population of 6,781 and a median age of 38, the suburb attracts a blend of long-term residents, young professionals, and students drawn by its proximity to the city. The median household income of around $1,596 per week is moderate, reflecting a mixed community of owner-occupiers and renters across a variety of housing types.
Glenorchy TAS 7010
Glenorchy is a major suburb 8 kilometres north of Hobart's CBD, serving as the heart of the northern corridor. The suburb offers comprehensive shopping, cultural facilities including MONA, and established residential areas.
Moonah TAS 7009
Moonah is a flat, inner-urban suburb located approximately 5 kilometres north of Hobart's CBD within the City of Glenorchy council area. With a population of 5,884 and a median age of 35, it is one of Greater Hobart's most culturally diverse communities, with significant numbers of residents born in Nepal, India, China, and the Philippines. Median weekly household income of $1,421 and affordable rents averaging $330 per week make Moonah one of the more accessible suburbs in the Hobart metropolitan area.
Franklin TAS 7113
Franklin is a historic rural locality in Tasmania's Huon Valley, situated on the banks of the Huon River approximately 55 kilometres south of Hobart within the Huon Valley Municipality. With a population of 1,301 and a median age of 52, the community has a mature demographic profile with a notable proportion of retirees and long-term residents. The area covers around 46 square kilometres of river flats, orchards, and forested hills, with a character shaped by its colonial heritage and Tasmania's apple growing tradition.
Campania TAS 7026
Campania is a rural locality in the Coal River Valley, situated approximately 35 kilometres north-east of Hobart within the City of Clarence local government area. With a population of 1,158 at the 2021 Census — up from 934 in 2016 — the area is experiencing steady growth as a lifestyle destination on the fringe of Greater Hobart. The locality spans 209 square kilometres of rolling agricultural land at an elevation of 124 metres, with a median household income of $1,560 per week and a median age of 39.
West Hobart TAS 7000
West Hobart is one of Hobart's most desirable inner suburbs, climbing the hillside west of the CBD just 2 kilometres from the city centre. With around 6,500 residents and a median income of $45,000, the suburb has a distinctly progressive, artistic character and attracts professionals, academics, and creatives drawn to its heritage streetscapes and community atmosphere.
Newnham TAS 7248
Newnham is a northern suburb of Launceston, Tasmania's second-largest city, situated approximately 5 kilometres north of the Launceston CBD. With a population of around 7,073, it is one of the larger and more densely populated localities in the region, covering just under 6 square kilometres along the East Tamar Highway corridor. Newnham is best known as the home of the University of Tasmania's (UTAS) Newnham campus, which anchors the suburb's identity and drives considerable economic and social activity. Its elevated position above the Tamar Valley provides pleasant residential streetscapes and easy access to Launceston's broader amenities.
Rokeby TAS 7019
Rokeby is a suburb of Hobart located on the eastern shore of the Derwent River, approximately 10 km south-east of the Hobart CBD, within the City of Clarence local government area. With a population of around 4,211 (2021 census), it is one of the larger eastern shore suburbs and has historically been associated with public housing developed in the 1970s. The suburb traces its roots to Rokeby House, a colonial farmhouse established in the early 19th century on what was then known as Clarence Plains. In recent decades, Rokeby has undergone gradual demographic change with an increasing mix of long-term residents and newer owner-occupiers attracted by relatively affordable property prices.
Risdon Vale TAS 7016
Risdon Vale is a residential suburb in the City of Clarence, approximately 12 kilometres north-east of Hobart CBD in southern Tasmania. With a population of 3,171 (2021 Census), it's nestled in a valley surrounded by bushland, connected to the city via the East Derwent Highway. The suburb was largely developed in the 1960s as public housing, and retains an affordable, working-class character with residents employed in retail, healthcare, construction, and public administration.
Sheffield TAS 7306
Sheffield is a small rural town in north-west Tasmania, located 23 kilometres south of Devonport and approximately 66 kilometres west of Launceston, within the Kentish (Municipality) local government area. Set at an elevation of 269 metres in the agricultural hinterland below Mount Roland, Sheffield serves as the regional service hub for the surrounding dairy and pastoral district. With a population of 1,602 at the 2021 Census, the town has a notably older demographic — median age of 54 — and below-average household incomes of around $970 per week, consistent with rural Tasmanian towns.
Kingston TAS 7050
Kingston is a major suburb 12 kilometres south of Hobart's CBD, serving as a commercial and residential centre for the southern region. The suburb offers beach access, comprehensive shopping at Channel Court, and a genuine township atmosphere.
South Hobart TAS 7004
South Hobart is a hillside residential suburb nestled at the foot of kunanyi/Mount Wellington, approximately 2 kilometres south of the Hobart CBD within the City of Hobart council area. With a population of 5,886 and a median age of 38, the suburb draws a mix of young professionals, university students, and established residents attracted by its proximity to the city and dramatic natural surroundings. Household incomes sit around the Tasmanian average, with a median weekly household income of $1,787, and the area offers a blend of period homes, converted terrace houses, and modern apartments at median rents of $378 per week.
Lindisfarne TAS 7015
Lindisfarne is a bayside suburb on the eastern shore of the Derwent River in Greater Hobart, approximately 6 kilometres north-east of the Hobart CBD within the City of Clarence. With a population of 6,639 across 6.9 square kilometres, it occupies elevated ground with views across the Derwent River to Hobart and the surrounding hills. The suburb has an older demographic with a median age of 46 and a median household income of $1,565 per week, reflecting its established, predominantly owner-occupied residential character.
South Launceston TAS 7249
South Launceston is a well-established residential suburb located just 2 kilometres south of the Launceston CBD in northern Tasmania. With a population of approximately 4,900, it offers an accessible urban lifestyle with a median age of 36 and a diverse mix of young professionals, families, and retirees. The suburb is home to the Launceston General Hospital and sits along the popular Charles Street café strip, giving it a vibrant, community-focused character.
Mount Nelson TAS 7007
Mount Nelson is a residential suburb of Hobart, Tasmania, located approximately 4 kilometres south of the Hobart central business district and straddling the boundaries of the City of Hobart and Kingborough Council. With a 2021 Census population of 2,749, the suburb has a median age of 40 and a median household income of $1,687 per week, broadly in line with Greater Hobart averages. The area is notably diverse for Tasmania, with a significant Chinese-born community and residents from across the Asia-Pacific region, reflecting Hobart's growing international student and professional migrant population.
Westbury TAS 7303
Westbury is a historic rural town in the Meander Valley Municipality, approximately 35 kilometres south-east of Launceston in Tasmania's northern midlands. Covering a large area of nearly 94 square kilometres, it functions as a service centre for the surrounding agricultural district and is part of the broader Meander Valley region. With a population of 2,272 at the 2021 Census and a median age of 49, Westbury has a largely established, older community drawn to the town's heritage character and affordable rural lifestyle.
Howrah TAS 7018
Howrah is an established suburban community on the eastern shore of Greater Hobart, located within the City of Clarence approximately 7 kilometres east of the Hobart CBD. With a population of around 9,545 residents according to the 2021 Census, it is one of the larger suburbs in Clarence and forms part of the continuous coastal urban area stretching from Bellerive to Rokeby. The suburb sits at a gentle elevation above the Derwent River estuary, offering many homes pleasant water views.
Claremont TAS 7011
Claremont is a riverside suburb and rural locality in southern Tasmania, situated along the western shore of the Derwent River within the Derwent Valley Municipality and forming part of the Greater Hobart metropolitan area. Approximately 12 kilometres north-west of Hobart's CBD, the suburb has a population of around 8,397 and sits at an elevation of 88 metres across a relatively large area of nearly 18 square kilometres. Median household incomes of around $1,241 per week reflect its working-class and mixed demographic character, with housing considerably more affordable than inner Hobart suburbs.
Beaconsfield TAS 7270
Beaconsfield is a rural locality in northern Tasmania, situated within the Latrobe Municipality approximately 50 kilometres north-west of Launceston. With a population of 1,362 at the 2021 Census, the community has a settled, modest character with a median age of 46 and predominantly Anglo-Australian heritage spanning English, Australian, Irish, and Scottish ancestry. The area covers 87 square kilometres of Tasmanian countryside and has long been associated with the region's gold mining history, carrying a strong sense of local identity.
St Helens TAS 7216
St Helens is the largest town on the north-east coast of Tasmania, situated on the shores of Georges Bay approximately 160 kilometres east of Launceston via the Tasman Highway. With a population of around 2,200 residents, it serves as the commercial and service hub for the Break O'Day region, offering supermarkets, medical services, schools, and a community hospital. The town is set amid spectacular coastal scenery, flanked by the Bay of Fires Conservation Area to the north and St Helens Point Conservation Area to the east, making it one of Tasmania's most naturally beautiful locations.
Sorell TAS 7172
Sorell is an historic market town and the principal urban centre of the Sorell Municipality, located approximately 27 kilometres east of Hobart on the Arthur Highway within the Greater Hobart statistical area. With a population of 3,597 in 2021 — up significantly from 2,907 in 2016 — Sorell is one of Tasmania's fastest-growing communities, reflecting its appeal as an affordable alternative to inner Hobart suburbs. The median age of 41 and below-average median income characterise a mixed demographic of working families, retirees, and younger households attracted by relative affordability.
Midway Point TAS 7171
Midway Point is a residential locality in the Municipality of Sorell, situated on the eastern shore of the Derwent River about 20 kilometres east of Hobart's CBD. With a population of around 3,384, it occupies a peninsula between Pitt Water and the Coal River. The suburb has grown as a popular and affordable alternative to Hobart's inner suburbs, attracting families and first-home buyers. Its central location provides easy access to both Hobart and the Sorell township.
Deloraine TAS 7304
Deloraine is a historic rural town in Tasmania's Meander Valley, situated approximately 50 kilometres south-west of Launceston at an elevation of 265 metres in the foothills of the Great Western Tiers. Administered by the Meander Valley Municipality, the town has a population of 3,035 and covers a substantial 90 square kilometres across the fertile Meander River valley. With a median age of 50 and a median household income of $990 per week — below the national average — Deloraine reflects the economic character of regional Tasmania, attracting retirees, artists, and those seeking a slower, community-centred pace of life.
Devonport TAS 7310
Devonport is Tasmania's third-largest city, a coastal community of 14,500 residents on the Mersey River estuary. The Spirit of Tasmania ferry terminal makes it the gateway for Bass Strait visitors. The city serves as a regional centre with strong agricultural, manufacturing, and tourism industries.
📊 Methodology
Rankings use the growth in median taxable income between the 2019-20 and 2023-24 financial years, from the ATO Taxation Statistics 2023-24 (Individuals — Table 8, median and average taxable income by postcode). ATO income is reported by postcode, so figures are de-duplicated to one entry per postcode, using the highest-population suburb in Tasmania as the representative (linked above). Only postcodes with a representative suburb of at least 200 residents are included, and the ATO suppresses any postcode with fewer than 200 lodgments. Ties are broken by population (larger first). Taxable income differs from ABS Census household and personal income.