Waratah sits in the inland north-west of Tasmania, in postcode 7321 within the Waratah-Wynyard local government area. The reading is SEIFA decile 3 at IRSAD 933, in the 49th state percentile within Tasmania.
ABS 2021 IRSAD release. Score 933 (national mean = 1000).
Decile 3 is a lower-band reading nationally, but the 49th state percentile within Tasmania places Waratah close to the state median. The Tasmanian SEIFA distribution sits lower than the national mean, so a national decile 3 within Tasmania is not as far below the state norm as it would be in a larger-state context. Waratah's local economic base is concentrated, with a long history of mining-and-resources exposure and a smaller share of the diversified services employment that anchors the larger Tasmanian centres. PropertyRanker uses SEIFA as a primary signal for economic_strength, hazard_risk, and entry_point_risk. A decile 3 reading drags the score on those three criteria. What partially balances it for Waratah is the broader Tasmanian rental-market tightness. Vacancy rates across the state have run low for years, and the rental_market_depth criterion picks up on that even in lower-decile postcodes. The strategy match for 7321 is Regional, almost exclusively. The Regional strategy's 7% gross-yield anchor is reachable on a meaningful share of stock in Waratah, and the headline price points are among the lowest in any Tasmanian-LGA postcode. The risk read is that the SEIFA signal is doing real work, the cyclical exposure to mining and the broader north-west Tasmanian economy is material, and the realistic management cost at distance is non-trivial.
Waratah TAS 7321 is a very small, thinly traded market with only 6 house sales recorded in the past 12 months, according to yourinvestmentpropertymag.com.au and propertyvalue.com.au. The current median house price sits at approximately $215,000-$287,000 (sources differ, reflecting the high volatility of a low-volume market), with a 12-month price change of -17.2% per both sources. Directional signals at the broader Waratah-Wynyard LGA level from htag.com.au show a low vacancy rate of 0.71% and stock on market of just 0.25%, suggesting underlying demand, though suburb-level vendor discount and days-on-market data were not published.
Anchor points pulled per refresh from publicly available suburb profiles. Approximate; not a moving average.
Only one directional signal was retrievable at LGA level (vacancy at 0.71%, indicating tightening supply), while suburb-level days-on-market and vendor discount data were not published, resulting in a 'steady' default band.
Sources: Waratah, TAS 7321: Suburb Profile & Property Report (2026-01-01); Waratah House Prices & Property Trends (2026-01-01); Waratah-Wynyard Council, TAS Property Market & House Prices 2026 (2026-01-01); Waratah, TAS 7321 - List Sold Price - AuHousePrices.Com (2023-01-19) · Refreshed 8 Oct 2026
PropertyRanker scores any Australian property against 12 criteria across three pillars: Growth, Cashflow, and Risk. SEIFA is a primary signal for economic strength and a supporting one for entry-price risk. It also informs the crime side of hazard risk, though physical overlays like flood, bushfire and coastal exposure, and recorded crime data where available, take priority there. The decile of 3 shown above gives a listing in Waratah a softer starting line on economic strength, though often a firmer one on entry-price risk, since less advantaged postcodes usually carry lower entry prices.
On top of that, PropertyRanker chooses one of four strategies (Balanced, Growth, Yield, Regional) and applies a per-strategy yield anchor. The anchors are 3.5% for Growth, 5% for Balanced, 6% for Yield, and 7% for Regional. A postcode at this level tends to make the Yield (6% anchor) and Regional (7% anchor) strategies more reachable, because a lower entry price lifts the gross yield a listing can achieve, while a Growth result usually depends on a specific catalyst such as an infrastructure or renewal pipeline.
Read the scoring guide for the full criteria list and how the verdict thresholds work.
Waratah's housing stock varies sharply, with a meaningful share of older weatherboard construction and a more limited buyer pool than the Tasmanian coastal towns. SEIFA cannot tell you about the actual condition of older stock, the heating-and-insulation profile in a cold-climate town, or the seasonal-tourism rental dynamics that some 7321 listings rely on. Score the listing in PropertyRanker for a verdict that accounts for these.
The data suggests Waratah carries real economic limitations: an IRSAD raw score of 933 against a national mean of 1000 drags PropertyRanker's economic_strength, hazard_risk, and entry_point_risk criteria. That said, the 49th state percentile within Tasmania places the suburb closer to the Tasmanian norm than a national decile 3 might imply, because the state's SEIFA distribution sits below the national average. The postcode is worth scoring for investors who accept a concentrated, resource-linked local economy and are specifically targeting a Regional yield strategy, not those seeking the broader employment base that anchors lower-risk suburban markets.
The Regional strategy, with its approximately 7 percent gross-yield anchor, is the strongest match for 7321. Entry price points here are among the lowest in any Tasmanian LGA postcode, which is the primary mechanism that makes the Regional yield target reachable on a meaningful share of local stock. The Capital Growth and Balanced strategies are a poor fit because their lower yield anchors (around 3.5 and 5 percent respectively) assume a broader economic base and demand profile that Waratah's SEIFA reading does not support. Score a specific listing on PropertyRanker to see whether an individual property clears the Regional threshold.
The SEIFA signal is doing real work here: decile 3 nationally means the scoring model applies meaningful penalties across economic_strength, hazard_risk, and entry_point_risk. Beyond the score, Waratah's local economy has deep roots in mining and resources, and the Mount Bischoff tin mine that built the town closed in 1947, leaving a smaller and less diversified employment base than larger Tasmanian centres. A third practical risk is management cost at distance: Waratah is approximately 105 kilometres south-west of Devonport and well over 200 kilometres from Launceston, so landlord management overhead and tenant sourcing friction are both material considerations to verify before proceeding.
PropertyRanker applies twelve scoring criteria to any listing; SEIFA IRSAD feeds directly into three of them, economic_strength, hazard_risk, and entry_point_risk, using Waratah's confirmed decile 3, raw score 933 reading. The rental_market_depth criterion draws on broader Tasmanian vacancy-rate data, which has run low across the state for years and partially offsets the SEIFA drag even in lower-decile postcodes like 7321. Live figures for gross yield and rental depth are calculated at the listing level, so run the specific property through the tool rather than relying on suburb-level tendencies.
Nationally, decile 3 reads as clearly disadvantaged, and PropertyRanker treats it that way across its scoring criteria. Within Tasmania, however, the 49th state percentile places Waratah close to the state median, because Tasmania's overall SEIFA distribution sits below the national average. This context does not remove the scoring penalties, but it does mean Waratah is not an outlier within the north-west Tasmanian rental market: tenants and demand conditions here are broadly comparable to much of the state, which is relevant to the rental_market_depth criterion and to realistic vacancy assumptions an investor should verify locally.
Paste a real address. Get a defensible verdict across 12 criteria in around three minutes.
Score a property free