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Penguin vs Bridgewater — which is best for rental demand?

Same eight metrics, scored against the same benchmark, ranked against a $600kbudget. Look for where one suburb is materially ahead — that's the dimension that should sway your call.

  1. Penguin

    TAS · 7316
    36Below trend
    Median
    $525k
    5y growth
    6.8%/yr
    BalancedThin market · ~4k residents

  2. Bridgewater

    TAS · 7030
    52Average
    Median
    $495k
    5y growth
    8.4%/yr
    GrowthStable entry point

Metric breakdown

Each row scores 0–100 against a fixed benchmark. The leader on each row is highlighted.

Metric · weight
Penguin
Bridgewater
Capital growth (5y)
weight 22%
686.8%/yr
848.4%/yr
Rental yield
weight 13%
522.6%
552.7%
Rental demand
weight 10%
402.4%
681.3%
Population growth
weight 12%
313.1%
313.1%
Income growth
weight 12%
4812.0%
5213.0%
Construction pipeline
weight 15%
0–
16$0.8bn
Affordability
weight 8%
1313% under cap
1818% under cap
Supply tightening
weight 8%
500.0% YoY
70-4.0% YoY

Winner per dimension

Where each suburb leads the field, with the count of dimensions won.

  1. Penguin

    0/8

    No outright lead on any single dimension.

  2. Bridgewater

    7/8
    • Capital growth (5y)
    • Rental yield
    • Rental demand
    • Income growth
    • Construction pipeline
    • Affordability
    • Supply tightening

Why Penguin

Thin market · ~4k residents

6.8%/yr capital growth, 2.6% gross yield.

Drivers
  • Capital growth6.8%/yr
Risks
  • Only 4,132 residents — illiquid, slow to sell
  • No major construction project in this state

Construction ·UTAS Launceston Inveresk Campus94.9 kmRecently completed · 2024

Why Bridgewater

Stable entry point

8.4%/yr capital growth, listings tightening 4.0% YoY.

Drivers
  • Capital growth8.4%/yr
  • Supply tightening-4.0% YoY
  • Tight rentals1.3%
Risks

No material risk flags raised by the model.

Construction ·New Bridgewater Bridge0.0 kmConstruction · 2025