Lewisham TAS 7173: Property Market Report & Real Estate Insights

Part of Sorell, TAS

Lewisham Real Estate Market Outlook

Thinking about buying in Lewisham? Now could not be a better time, with just 475 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $520,000 with prices in this suburb ranging from $13,000 to $2,150,000. Lewisham is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices

Living in Lewisham

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. Incomes in Lewisham are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. The high percentage of professional people in Lewisham 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. Medium density in Lewisham necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. 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

Lewisham, a picturesque suburb in the Sorell municipality of Tasmania, offers a serene blend of coastal charm and rural ambiance that appeals to prospective homeowners looking for a peaceful lifestyle. The housing market here reflects its desirability, with properties often showcasing stunning views of Frederick Henry Bay. Traditionally, the market has seen moderate price growth, making it an attractive option for buyers considering both budget-friendly investments and cozy family homes. The suburb's popularity has been increasing, albeit gradually, as more people discover the benefits of living away from the hustle and bustle of urban centers, yet within a reasonable commuting distance to Hobart.

Living in Lewisham provides a unique lifestyle characterized by its close-knit community and abundant natural beauty. Residents enjoy a variety of outdoor activities, from beachcombing along expansive sandy shores to exploring local bushland trails. With the Sorell district's amenities just a short drive away, residents have access to essential services, shopping, and dining options, while still reveling in the tranquility that comes with rural living. The area is also known for its vibrant community events, which foster strong neighborly bonds and enhance the overall quality of life. This makes Lewisham an ideal place for those who appreciate a balance of community spirit and serene surroundings.

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