All About Woodbridge, Kingborough , TAS 7162

Woodbridge Real Estate Market Outlook

Thinking about buying in Woodbridge? Now could not be a better time, with just 316 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $642,000 with prices in this suburb ranging from $42,000 to $1,971,000. Woodbridge 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

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. Low average incomes in Woodbridge is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. The slightly lower than average earnings from occupations in Woodbridge 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. Medium density in Woodbridge necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Woodbridge we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Woodbridge a better buying opportunity than it may have been in the past.

Instant Property Valuation

Woodbridge, situated in the Kingborough region of Tasmania, offers a quaint and serene lifestyle that is increasingly attracting attention in the housing market. This picturesque village, nestled along the D'Entrecasteaux Channel, boasts stunning natural beauty, including sweeping views of the water and lush surrounding hills. Over recent years, the housing market in Woodbridge has seen a gentle but steady increase in activity, driven by a combination of its idyllic setting and the growing appeal of rural coastal living. Properties in the area range from traditional cottages to contemporary homes, offering something for a range of tastes and budgets. Despite its growing popularity, Woodbridge remains relatively affordable compared to nearby Hobart, making it an attractive option for both families and retirees seeking a tranquil yet vibrant community.

Living in Woodbridge offers a lifestyle that is deeply connected with nature and the local community. Residents enjoy a relaxed pace of life, characterized by friendly neighbors and a strong sense of community spirit. The area offers a variety of outdoor activities, including sailing, fishing, and hiking, thanks to its proximity to the channel and fertile landscapes. Woodbridge is also home to several local amenities, including a popular local school, a couple of charming cafes, and the renowned Peppermint Bay Hotel, which serves as a social hub for the town and surrounding areas. Additionally, Woodbridge's location provides easy access to the amenities and employment opportunities of Hobart, which is only a scenic 30-minute drive away. All these elements combine to make Woodbridge not only an attractive place to live but also a savvy choice for those looking to invest in the Tasmanian housing market.

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