All About Wattle Hill, Sorell, TAS, 7172

Wattle Hill, nestled within the Sorell municipality in Tasmania, offers a tranquil and picturesque setting for those seeking a peaceful lifestyle away from the hustle and bustle of city life. The housing market in this region has seen moderate activity, characterized by a mix of charming rural properties and modern homes that cater to both families and retirees. The area is particularly appealing to buyers who value spacious land plots and the serenity of a country environment. Prices in Wattle Hill are generally more affordable than in Tasmania’s urban centers, making it an attractive option for those looking to invest in real estate while enjoying a higher quality of life. The community is close-knit, and there is a strong emphasis on preserving the natural beauty surrounding the area, which adds to its appeal for nature lovers and outdoor enthusiasts.

Living in Wattle Hill provides residents with a unique blend of rural charm and convenience. The region is known for its breathtaking landscapes, including rolling hills and lush greenery, which offer numerous opportunities for outdoor activities such as hiking and bird watching. Despite its rural ambiance, Wattle Hill is not far from essential amenities, with the town of Sorell providing shops, schools, and healthcare facilities just a short drive away. Additionally, its proximity to Hobart, about a 30-minute drive, means that residents have easy access to the broader economic and cultural offerings of Tasmania’s capital. The community spirit in Wattle Hill is strong, with local events and gatherings fostering a sense of belonging among its residents. Overall, it’s an ideal location for those looking to enjoy a slower pace of life without being too far removed from the necessities and attractions of urban living.

Wattle Hill Real Estate Market Outlook

Thinking about buying in Wattle Hill? Now could not be a better time, with just 101 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $564,000 with prices in this suburb ranging from $26,000 to $1,267,000. Wattle Hill is located fairly close to the coast at just 1Km 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. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Wattle Hill due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The slightly lower than average earnings from occupations in Wattle Hill changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Lower than average population density constrains growth in Wattle Hill to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. With very low industrial sector presence in Wattle Hill the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.

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General Points of Interest

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