5 Hobart Homes Under $750,000
Thinking about a southern migration? Take note of these five properties.
4 min
A lot has been written about the ‘mainland’ invasion of Tasmania’s major cities, with many on looking for a quieter, more socially distant slice of Australia in a post-pandemic world. Here, we’ve compiled five of the best listings under $750,000 in Hobart.
72 Begonia Street, Lindisfarne, TAS
Located in the ever-popular Hobart suburb of Lindisfarne, with views across the River Derwent arrives this immaculate home replete with modern style and conveniences.
Arriving with polished timber floorboards throughout the living spaces, with floor-to-ceiling windows framing the surrounds, comes an intelligent layout.
With polished timber floorboard through the living spaces and floor-to-ceiling windows framing the surrounds arrives the dining and contemporary kitchen all warmed by a central wood-heater.
Three bedrooms provide cost accommodation with the master suite featuring mirrored built-in wardrobes. The other two bedrooms are north-facing and capture stunning views of the river.
The listing is with Peterswald for property, offers over $645,000; peterswald.com.au
272 Park Street, North Hobart TAS
An irresistible blend of character charm and modern amenity comes this North Hobart home.
The recently refurbished, circa – 1920, home features a new roof, new kitchen, bathroom and laundry fit-outs, new carpets, light fittings, internal doors and landscaping.
The accommodation comprises an entry foyer, three double bedrooms, lounge room, sleek new kitchen, combined designer bathroom-laundry and a separate toilet.
Conveniently located a short distance away from bustling North Hobart shops, Friends’ School, Queens Domain recreational reserve and more, it’s an ideal spot to start a family.
The listing is with St Andrews Estate Agents, taking offers over $725,000; standrews.estate
6 Supply Court, Oakdowns, TAS
The recently built home, 20-minutes outside of Hobart’s CBD brings together open living spaces, plenty of sunlight and connection to outdoor entertaining areas.
With timber finishes throughout, the spacious 4-bedroom, 2-bathroom, 3-car garage home is thoughtfully designed.
The residence sees a kitchen with an abundance of storage and workspace, as well as room for casual dining. Elsewhere the oversized windows stream light through the home while the 4-bedrooms, with three including built-in storage. The master boasts a walk-in robe and ensuite.
Further, the outdoor entertaining areas are built to entertain, with large stacking doors leading to the rear deck.
The listing is with Nest Property Sandy Bay, offers over $595,000; nestproperty.com.au
7/69C Olinda Grove Mount Nelson TAS 7007
Conveniently located a five-minute drive from the Hobart CBD, and nearby to Hobart College, and Mount Nelson’s surrounds arrives this 4-bedroom, 3-bathroom, 2-car townhouse.
Spanning two levels, the heart of the home is located upstairs where an open plan kitchen, dining and living room showcase timber floors, tall pitched ceilings lit by oversized windows for plenty of natural light.
Also here, large glass sliding doors open to creates a seamless connection between the living room and sun-soaked deck.
Three bedrooms and two bathrooms are housed on the upper level, including the master suite with a beautifully updated ensuite and walk-in robe.
Downstairs sees a large rumpus, or teenagers retreat alongside a fourth bedroom and bathroom/laundry.
The listing is with Knight Frank Tasmania, offers over $695,000; knightfrank.com.au
1 Pirie Street, New Town, TAS
While yes, technically the listing is for offers over $775,000, we thought this property too good a buy not to include.
The Federation home is situated in a terrific location just outside the city of Hobart and boasts a private and sunny outdoor entertaining area and views of Mt Wellington.
Beyond the externals, the interiors see Tasmanian Oak floors, tall ceilings, ornate fretwork, chandelier lighting and ceiling roses. Elsewhere, the kitchen – fitted with concrete benchtops and qualities appliances including a Franke wall oven, hotplates and a Smeg dishwasher, adjoins a large concrete courtyard.
The home features 3 bedrooms, with the main fitted with a walk-in-robe, sleek ensuite bathroom, dual vanity, and spa bath and a decorative fireplace.
The listing is with Petrusma Property, around $775,000; petrusma.com.au
This stylish family home combines a classic palette and finishes with a flexible floorplan
Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.
This may be contributing to continually rising weekly rents
2 min
There has been a substantial increase in the number of Australians earning high incomes who are renting their homes instead of owning them, and this may be another element contributing to higher market demand and continually rising rents, according to new research.
The portion of households with an annual income of $140,000 per year (in 2021 dollars), went from 8 percent of the private rental market in 1996 to 24 percent in 2021, according to research by the Australian Housing and Urban Research Institute (AHURI). The AHURI study highlights that longer-term declines in the rate of home ownership in Australia are likely the cause of this trend.
The biggest challenge this creates is the flow-on effect on lower-income households because they may face stronger competition for a limited supply of rental stock, and they also have less capacity to cope with rising rents that look likely to keep going up due to the entrenched undersupply.
The 2024 ANZ CoreLogic Housing Affordability Report notes that weekly rents have been rising strongly since the pandemic and are currently re-accelerating. “Nationally, annual rent growth has lifted from a recent low of 8.1 percent year-on-year in October 2023, to 8.6 percent year-on-year in March 2024,” according to the report. “The re-acceleration was particularly evident in house rents, where annual growth bottomed out at 6.8 percent in the year to September, and rose to 8.4 percent in the year to March 2024.”
Rents are also rising in markets that have experienced recent declines. “In Hobart, rent values saw a downturn of -6 percent between March and October 2023. Since bottoming out in October, rents have now moved 5 percent higher to the end of March, and are just 1 percent off the record highs in March 2023. The Canberra rental market was the only other capital city to see a decline in rents in recent years, where rent values fell -3.8 percent between June 2022 and September 2023. Since then, Canberra rents have risen 3.5 percent, and are 1 percent from the record high.”
The Productivity Commission’s review of the National Housing and Homelessness Agreement points out that high-income earners also have more capacity to relocate to cheaper markets when rents rise, which creates more competition for lower-income households competing for homes in those same areas.
ANZ CoreLogic notes that rents in lower-cost markets have risen the most in recent years, so much so that the portion of earnings that lower-income households have to dedicate to rent has reached a record high 54.3 percent. For middle-income households, it’s 32.2 percent and for high-income households, it’s just 22.9 percent. ‘Housing stress’ has long been defined as requiring more than 30 percent of income to put a roof over your head.
While some high-income households may aspire to own their own homes, rising property values have made that a difficult and long process given the years it takes to save a deposit. ANZ CoreLogic data shows it now takes a median 10.1 years in the capital cities and 9.9 years in regional areas to save a 20 percent deposit to buy a property.
It also takes 48.3 percent of income in the cities and 47.1 percent in the regions to cover mortgage repayments at today’s home loan interest rates, which is far greater than the portion of income required to service rents at a median 30.4 percent in cities and 33.3 percent in the regions.
Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.
This stylish family home combines a classic palette and finishes with a flexible floorplan
