All About Taroona, Kingborough, TAS, 7053

Taroona, a suburb nested in the Kingborough municipality of Tasmania, is a scenic coastal retreat known for its stunning waterfront views and verdant landscapes. The housing market in Taroona offers a range of property types, from charming older homes to modern architect-designed residences. In recent years, Taroona has seen an increase in interest from homebuyers looking for a tranquil lifestyle close to nature, which has led to a competitive market. The desirability of the location, coupled with the quality of life it offers, has resulted in property values appreciating steadily. This suburb's proximity to Hobart has also contributed to its allure, making it a popular choice for those who work in the city but prefer to reside in a more serene environment.

Living in Taroona is characterized by its close-knit community feel and access to outdoor recreational activities. The suburb is home to several parks and reserves, offering ample opportunities for walking, cycling, and enjoying the outdoors. Its coastal location means residents are never far from the beach, with Hinsby Beach being a popular spot for swimming and picnicking. Local amenities include primary and high schools, cafes, and community facilities, which contribute to a family-friendly atmosphere. Additionally, Taroona has a strong sense of community, with local events and groups fostering neighborly connections. The natural beauty, paired with a peaceful, community-oriented lifestyle, makes Taroona an appealing place for families, retirees, and professionals alike.

Taroona Real Estate Market Outlook

Thinking about buying in Taroona? Now could not be a better time, with 1560 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $563,000 with prices in this suburb ranging from $15,000 to $3,826,000. Taroona is located fairly close to the coast at just 0Km 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 Taroona driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Taroona 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. A mix of professions and above average income earners in Taroona provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Taroona necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. 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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