All About Old Beach, Brighton, TAS, 7017

Old Beach, located in the Greater Hobart area of Tasmania, has become an increasingly attractive option for homebuyers and investors alike. The housing market in Old Beach has seen considerable growth in recent years, largely spurred by its proximity to Hobart's central business district while maintaining a distinct suburban charm. The market consists predominantly of detached houses, with some newer developments offering modern amenities that cater to families and professionals. Generally, the properties in Old Beach are more affordable compared to Hobart’s inner suburbs, making it an appealing choice for first-time buyers or those seeking more value for their investment. This affordability, coupled with the area’s community-focused environment, fuels continuous demand and supports stable property values.

Living in Old Beach offers a blend of tranquility and convenience, ideal for those who appreciate a quieter lifestyle without sacrificing access to urban facilities. The suburb is known for its scenic views, being nestled between the serene Derwent River and picturesque rolling hills, providing plenty of opportunities for outdoor activities like walking, cycling, and water sports. Residents enjoy a community atmosphere, with local amenities such as parks, schools, and shopping facilities that cater to daily needs. The nearby highway ensures a straightforward commute into Hobart, allowing residents to enjoy both the solitude of suburban life and the vibrancy of the city within a short drive. As Old Beach continues to develop, it remains a desirable location for those seeking a balanced lifestyle in Tasmania.

Old Beach Real Estate Market Outlook

Thinking about buying in Old Beach? Now could not be a better time, with 2216 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $497,000 with prices in this suburb ranging from $17,000 to $2,338,000. Old Beach is located fairly close to the coast at just 9Km 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 Old Beach driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Old Beach 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 Old Beach 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 Old Beach 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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