All About Montagu Bay, Clarence, TAS, 7018

Montagu Bay, located in Clarence, Tasmania, is a charming suburb renowned for its excellent waterfront views and close proximity to Hobart. The housing market in Montagu Bay has been quite dynamic, reflecting a blend of historical charm and modern development. Property types range from classic family homes to contemporary townhouses, catering to a variety of buyers including young professionals and retirees seeking a peaceful yet connected lifestyle. In recent years, the suburb has experienced steady demand, partly due to its strategic location near key amenities and the Hobart CBD, which is just a short drive across the Tasman Bridge. This accessibility, combined with the scenic views of the River Derwent, contributes to the area’s growing attraction for both buyers and investors.

Living in Montagu Bay offers a blend of convenience and tranquillity, making it an appealing choice for families and individuals alike. The suburb is well-served with local parks, schools, and shopping facilities, providing a community-focused atmosphere. Residents enjoy a variety of outdoor activities, from leisurely walks along picturesque waterfronts to participating in local sports at nearby venues. Montagu Bay's community is known for its friendliness and welcoming nature, fostering a sense of belonging among its inhabitants. Additionally, the easy access to public transport and main roads enhances connectivity for commuters. Overall, Montagu Bay presents a harmonious balance of lifestyle benefits, with its serene environment and practical amenities ensuring a high quality of life for its residents.

Montagu Bay Real Estate Market Outlook

Thinking about buying in Montagu Bay? Now could not be a better time, with just 427 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $522,000 with prices in this suburb ranging from $53,000 to $1,127,000. Montagu Bay is located fairly close to the coast at just 7Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

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. High average incomes in Montagu Bay 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 Montagu Bay 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 Montagu Bay 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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