Suburb Guide ~ Salamanca Realty

Suburb Guide

HOBART CITY is a dynamic, picturesque and charming waterfront city. The docks of Hobart play host to many events and festivals including the famous Salamanca Market which is held every Saturday come rain or shine. Many other famous annual events and festivals are held on the Hobart docks including the Sydney to Hobart Yacht Race, Taste of Tasmania, MOFO and The Festival of Voices, to name but a few. The renowned MONA museum is a mere ferry ride away from the Docks and well worth the scenic ride on the Derwent River. There is an array of popular cafes and restaurants and fishing boats moor behind fine seafood restaurants, delivering the fresh produce Hobart is so renowned for. Hobart, Australia’s second oldest capital, offers all the services and sights of city living minus the anxiety.

 

Median House Price Buy $600,000 Rent $500
Capital Growth Change in median sale price 12 months 30.0%, 3 years 36.4%
Average Number of Days on Market 9
Average Hold Period 10.1 years
Gross Rental Yield Houses 4.3%
Demographics Population 2,103

 

BATTERY POINT drips with historic charm and character. The renovated workman’s cottages and narrow streets and lanes of this former port and maritime village are a delight to locals and visitors alike. This highly sought after picturesque suburb, also plays host to boutique stores, popular restaurants and cafés, as well as comprising some of Hobart’s most luxurious modern homes and superb historic homes.

 

Median House Price Buy $943,000 Rent $600
Capital Growth Change in median sale price 12 months 5.7%, 3 years 9.0%
Average Number of Days on Market n/a
Average Hold Period 9 years
Gross Rental Yield Houses 3.3%
Demographics Population 2,097

 



SANDY BAY is widely regarded as one of Hobart’s most prestigious residential areas, boasting private schools and the University of Tasmania as well as an assortment of boutiques and cafés. The tree-lined streets of Sandy Bay course past both modern and heritage homes, all the way to its quiet beachfront.

 

Median House Price Buy $820,000 Rent $520
Capital Growth Change in median sale price 12 months 18.8%, 3 years 28.6%
Average Number of Days on Market 26
Average Hold Period 10.3 years
Gross Rental Yield Houses 3.3%
Demographics Population 11,156



SOUTH HOBART runs from the CBD down to the historic Cascade Brewery. Beautiful period homes adjoining lush parks help make South Hobart one of the city’s most elegant suburbs. It’s an attractive area that can cater for various needs and budgets. South Hobart features easy CBD access and facilities like St Johns Calvary Private Hospital.

 

Median House Price Buy $527,500 Rent $435
Capital Growth Change in median sale price 12 months 25.1%, 3 years 30.1%
Average Number of Days on Market 9
Average Hold Period 10 years
Gross Rental Yield Houses 4.3%
Demographics Population 5,077



NORTH HOBART is where Hobart happens. This vibrant suburb is home to a restaurant and café strip that houses many of Tasmania’s coolest places to snack, dine, drink and dance. Sprinkled with art galleries, specialty shops and the famous, ever popular State Cinema, North Hobart is a tasty location for those who enjoy the good life.

 

Median House Price Buy $515,000 Rent $430
Capital Growth Change in median sale price 12 months 17.9%, 3 years 40.5%
Average Number of Days on Market 9
Average Hold Period 10.3 years
Gross Rental Yield Houses 4.0%
Demographics Population 2,653



WEST HOBART has it all – this highly sought-after suburb boasts city, mountain and river views, lovely period homes, modern townhouses, schools, doctor’s surgeries and popular corner cafés, including speciality shops and supermarkets. West Hobart is walking distance to the CBD and North Hobart’s wonderful restaurant and entertainment strip.

 

Median House Price Buy $640,000 Rent $495
Capital Growth Change in median sale price 12 months 23.1%, 3 years 35.6%
Average Number of Days on Market 9
Average Hold Period 10.4 years
Gross Rental Yield Houses 4.0%
Demographics Population 5,800



MOUNT STUART looks down on the harbour and hills of Hobart. Located 3km from the CBD, Mt Stuart offers a rare mix of convenience, quiet and spectacular vistas. So if horizon is what you’re after, take a look at Mount Stewart.

 

Median House Price Buy $518,000 Rent $440
Capital Growth Change in median sale price 12 months 5.5%, 3 years 30.4%
Average Number of Days on Market 6
Average Hold Period 8.6 years
Gross Rental Yield Houses 4.7%
Demographics Population 2,777



NEW TOWN is a popular inner-city residential suburb featuring many Federation period homes as well as private and public schools. This genteel suburb lies 4km north of the CBD. A shopping centre provides New Town residents with grocery, department and specialty stores. Despite its name, New Town is one of Hobart’s oldest areas, but as with most of the older suburbs of Hobart, the classic homes are mixed with the new.

 

Median House Price Buy $508,000 Rent $440
Capital Growth Change in median sale price 12 months 10.3%, 3 years 27.0%
Average Number of Days on Market 11
Average Hold Period 10 years
Gross Rental Yield Houses 4.4%
Demographics Population 5,969



DYNNYRNE enjoys stunning views of the Derwent River and Mt Wellington/Kunyani. This suburb shares many characteristics with its prestigious tree-lined neighbour, Sandy Bay – beaches, luxury homes, a sailing club, a university campus, and close proximity to the CBD. Dynnyrne stretches up the lush Waterworks Valley to the peaceful Waterworks Reservoir Reserve – the beginning of the Pipeline walking track to the top of the mountain. Dynnyrne is A-list Tasmania.

 

Median House Price Buy $567,000 Rent $408
Capital Growth Change in median sale price 12 months 13.9%, 3 years 21.3%
Average Number of Days on Market n/a
Average Hold Period 15 years
Gross Rental Yield Houses 3.7%
Demographics Population 1,481

TAROONA is an Aboriginal word meaning “Seashell”. This lovely seaside suburb adjoins Sandy Bay to the south, and is bordered by the Truganini Reserve – an area criss-crossed by walking tracks. Taroona is privy to panoramic views of the Derwent Estuary and is serviced by Taroona Primary and Taroona High schools.

 

Median House Price Buy $561,000 Rent $470
Capital Growth Change in median sale price 12 months 12.8%, 3 years 20.0%
Average Number of Days on Market 13
Average Hold Period 12.9 years
Gross Rental Yield Houses 4.4%
Demographics Population 3,001



MOUNT NELSON sits above picturesque Sandy Bay and The University of Tasmania. This pretty residential suburb provides panoramic views of the Derwent Estuary and surrounding bushland. With the CBD just down the hill, Mount Nelson is perfect for those looking for a quiet area with a contemplative outlook as well as easy access to schools and facilities.

Median House Price Buy $575,000 Rent $440
Capital Growth Change in median sale price 12 months 22.3%, 3 years 11.1%
Average Number of Days on Market 10
Average Hold Period 12.2 years
Gross Rental Yield Houses 4.0%
Demographics Population 2,483

Statistics and demographics as at August 2017. Source: CoreLogic RP Data