All About Opossum Bay, Clarence, TAS, 7023

Opossum Bay, located in the Clarence municipality of Tasmania, offers a unique and picturesque lifestyle that is highly regarded among residents and potential homebuyers. Nestled on a serene peninsula, Opossum Bay provides stunning, panoramic views of the River Derwent and Betsy Island. The housing market here is characterized by its blend of modern and traditional homes, with some properties offering direct access to the beach. Demand for homes in Opossum Bay has been steadily increasing as more people look to escape the hustle and bustle of city life in favor of the tranquility and beauty that this coastal village provides. Property prices have seen a gradual rise, reflecting the area's growing popularity and the limited availability of waterside properties.

Living in Opossum Bay is an experience defined by its natural beauty and close-knit community vibe. With its peaceful, laid-back atmosphere, residents enjoy a lifestyle centered around outdoor activities like kayaking, fishing, and beachcombing. The sense of community is strong, with residents often gathering for social events or casual get-togethers at local establishments. Despite its secluded feel, Opossum Bay is just a short drive from the amenities and services of nearby Hobart, making it an ideal location for those seeking both seclusion and convenience. Families, retirees, and anyone in search of a tranquil retreat will find Opossum Bay an appealing place to call home, drawn by its scenic environment and welcoming community spirit.

Opossum Bay Real Estate Market Outlook

Thinking about buying in Opossum Bay? Now could not be a better time, with just 393 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $341,000 with prices in this suburb ranging from $19,000 to $3,103,000. Opossum Bay 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

Consistent high demand relative to supply is a key feature in Opossum Bay driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Opossum 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 Opossum 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 Opossum 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. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and 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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