All About Tolmans Hill, Hobart, TAS, 7007

Tolmans Hill, a suburb located just a short drive from the Hobart city center in Tasmania, offers a unique living experience that combines the tranquility of nature with the convenience of urban proximity. The housing market in Tolmans Hill is characterized by modern architecture and spacious properties, often featuring stunning views of the Derwent River and the surrounding mountainous landscape. This area is particularly popular among families and professionals looking for a peaceful retreat without sacrificing access to essential amenities. The real estate market here tends to be competitive, with homes often selling quickly due to the high demand for the suburb's premium location and lifestyle benefits.

Living in Tolmans Hill provides residents with a serene, community-focused environment. The suburb is surrounded by lush bushland, offering ample opportunities for outdoor activities such as hiking and nature walks. Despite its natural setting, Tolmans Hill is well-connected to Hobart's central business district, making daily commutes relatively hassle-free. The suburb fosters a tight-knit community atmosphere, with local events and social gatherings being common. This sense of community, combined with the area's scenic beauty and accessibility, makes Tolmans Hill an attractive place to call home for those seeking a balance between peaceful living and city convenience.

Tolmans Hill Real Estate Market Outlook

Thinking about buying in Tolmans Hill? Now could not be a better time, with just 292 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $829,000 with prices in this suburb ranging from $63,000 to $2,765,000. Tolmans Hill is located fairly close to the coast at just 4Km 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 Tolmans Hill driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Tolmans Hill 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 Tolmans Hill provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. High density population in Tolmans Hill 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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