All About Fern Tree, Hobart, TAS, 7054

Fern Tree, a charming suburb located on the slopes of Mount Wellington in Hobart, Tasmania, offers a serene and peaceful escape from the hustle and bustle of city life. Known for its lush greenery and stunning natural surroundings, Fern Tree has become an attractive location for homebuyers seeking tranquility and proximity to nature. The housing market in Fern Tree typically features a mix of heritage homes, modern residences, and architecturally designed properties that blend seamlessly with the environment. While property prices have seen some increases due to rising demand, Fern Tree remains relatively affordable compared to many other Hobart suburbs, making it an appealing option for families, retirees, and professionals alike.

Living in Fern Tree is characterized by a strong sense of community and close-knit neighborhood vibes. Residents enjoy access to numerous walking trails, parks, and outdoor activities, including the famous Mount Wellington summit, which promises impressive panoramic views of Hobart and beyond. Despite its peaceful setting, Fern Tree is just a short drive from Hobart’s city center, providing convenient access to urban amenities, shopping, dining, and cultural attractions. The area is well-served by public transport, although many residents prefer the scenic drive into the city. With its blend of natural beauty and community spirit, living in Fern Tree offers a unique lifestyle that balances exploration, relaxation, and tradition.

Fern Tree Real Estate Market Outlook

Thinking about buying in Fern Tree? Now could not be a better time, with just 383 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $392,000 with prices in this suburb ranging from $20,000 to $1,714,000. Fern Tree is located fairly close to the coast at just 4Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Consistent high demand relative to supply is a key feature in Fern Tree driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Fern Tree ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Fern Tree classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Fern Tree requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Instant Property Valuation

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Public Transport

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General Points of Interest

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Nearby Suburbs

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