The Best Suburbs to Invest in Hobart: Where to Look and Why
Investing in Hobart real estate is a smart move for those looking to capitalise on the city’s steady growth and unique property market. As Tasmania's capital continues to gain national attention, certain suburbs stand out for their investment potential.
Here are the best suburbs to consider, along with what to look for as you embark on your real estate investment journey.
1. Glenorchy: The Rising Star
Glenorchy has emerged as one of Hobart’s most promising suburbs for investors. Known for its affordability and proximity to the city, it’s rapidly transforming into a hub for first-home buyers, young families, and renters. With infrastructure developments and ongoing urban renewal projects, Glenorchy presents an excellent opportunity for capital growth. Investors should look for properties close to schools, shopping centres, and public transport for maximum tenant appeal.
2. Moonah: A Blend of Charm and Opportunity
Moonah offers a unique blend of older, character-filled homes and modern developments. With its growing café culture and local amenities, it’s popular among younger professionals and families. The rental demand is high due to its affordability and proximity to Hobart’s CBD (only 5 km away), making Moonah an attractive choice for investors looking for steady rental returns.
3. West Hobart: Close to the City, Full of Charm
For investors seeking properties with character and long-term growth potential, West Hobart is a standout. Known for its heritage homes and leafy streets, this suburb appeals to those who want to live close to the city but also enjoy a suburban lifestyle. While property prices are higher here, the demand is strong, making it a solid choice for capital growth and resale value.
4. Kingston: Suburban Growth with a Coastal Vibe
Just 15 minutes from Hobart’s CBD, Kingston offers a coastal lifestyle with the convenience of suburban living. Kingston has seen significant population growth, and the ongoing development of amenities, schools, and transport options make it a desirable location for families. Investors should consider this area for its long-term capital growth potential, as well as strong rental demand, especially for family homes.
5. Berriedale: An Up-and-Coming Gem
Berriedale is a smaller suburb with big potential. Its proximity to Glenorchy and the iconic MONA (Museum of Old and New Art) adds to its appeal. Property values are more affordable compared to neighbouring suburbs, but with growing interest, it’s expected to appreciate in value in the coming years. Investors looking for entry-level opportunities should keep an eye on Berriedale.
What to Look for When Investing
When selecting a suburb to invest in, there are a few key factors to consider. First, look at market trends—is the suburb experiencing growth in property values and rental demand?
Next, assess the infrastructure and amenities. Suburbs with good schools, parks, public transport, and shopping centres tend to attract tenants and buyers alike.
Finally, consider development potential—is the area undergoing urban renewal or seeing new developments that could boost future property values?
Investing in Hobart’s property market is an opportunity to tap into a dynamic and evolving market. Whether you’re looking for rental income or long-term capital growth, these suburbs offer great potential. Keep an eye on the local market, and act while the city’s real estate continues to thrive.