Hobart’s Seller’s Market Still Hot
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Hobart’s Seller’s Market Still Hot

The Tasmanian capital’s property market continues to generate profit.

By Terry Christodoulou
Thu, Jan 20, 2022 11:35amGrey Clock < 1 min

In CoreLogic’s latest Pain & Gain report, the firm found that Hobart had the highest rate of profit-making sales across Australia for the 15th consecutive quarter.

Within the Hobart LGA, 98% of seller’s made a median profit of $508,300.

In the previous quarter, the median profit was $443,500 — over $100,000 higher than the March quarter results.

Astonishingly, the Derwent Valley saw 100% of September quarter sales turn a profit compared to their most recent sale figure boasts a median profit of $240,000. Moreover, this sum was the smallest of the seven LGAs.

Elsewhere, areas such as Brighton registered a median profit of $245,000, Glenorchy $291,000 and Sorell $305,000.

Clarence sellers recorded a median profit of $356,949 while in Kingborough the sum was $384,000 with the percentage of all sales in the quarter that were profitable registering above 96% in each area.

The total value of the profit made in the Greater Hobart LGA’s was $12.9m in Brighton, Clarence $60.5m, Derwent Valley $12m, Glenorchy $51.3m, Hobart $83.6m, Kingborough $36.8m and Sorell $21m — a total of  $278,441,017 for the last quarter.

Further, in Hobart, 99.5% of units and 97.5% of houses made a profit — the only city where the housing segment incurred a higher incidence of lass-making sales compared to units.



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A heritage-listed Federation estate with tennis court, pool and studio, Marika offers timeless elegance and modern family living in the heart of Hunters Hill.

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A grand old dame who has stood the test of time, Marika is a slice of Hunters Hill heritage transformed for modern-day living. 

Meticulously renovated between 1981 and 1983, with several updates since, Marika made it onto the heritage register in 1999 just in time to signal a new millennium. Today, the modernised mansion is on the market with an auction price guide of $7.5 million, marketed through BresicWhitney’s Nicholas McEvoy. 

“The home is a fantastic opportunity for a discerning buyer to get a grand family estate-style property, with a pool, tennis court and grounds, for a price that’s much more affordable than expected,” McEvoy says. 

Sitting pretty on the corner of Augustine St and Ryde Rd, the stately Federation residence  occupies a sprawling 2472sq m block, which was once part of a 30-acre land grant handed to Frederick Augustus Hayne in 1835. In 1902, he sold it to Dr Leopold Augustus Carter, a local dentist. Two years later, Marika, then known as “Ryde”, appeared in the famed Sands Directory – the social media of its era – a symbol of its architectural significance. 

Surrounded by manicured gardens with sculpted hedges, a pool and full tennis court, Marika is a prime example of Federation style with contemporary elements.  

Inside, the single-level five-bedroom home showcases intricate craftsmanship, from its decorative gables, period archways and bay windows to the coloured glass panels on multiple doors and windows. Elegant formal rooms have high ornate ceilings that are a preserved nod to Marika’s past, while the more modern spaces are relaxed family-friendly zones. 

Thanks to a pavilion-style addition, the L-shaped layout measures 450sq m internally and wraps around a central courtyard that plays host to the alfresco dining terrace and pool, while a wide veranda frames the original front rooms of the house.  

Primary living spaces, including the dining area with integrated bar, open to the great outdoors via stacker doors and the 21st century kitchen has a large island bench and a butler’s pantry with hidden access to the triple lock up garage. There is also a dedicated media room, a library or home office, plus a separate family room with a beautiful bay window. 

All bedrooms feature built-ins while the main retreat, and a second bedroom, have shower ensuites. The shared bathroom houses convenient twin vanities and a freestanding bathtub. 

Beyond the interiors, Marika delivers resort amenities with a full-sized, floodlit tennis court, the pool, barbecue terrace and a self-contained studio apartment with the added bonus of Harbour Bridge glimpses. 

Added extras include a converted loft storage space, a large laundry with side yard access, ducted air conditioning, multiple fireplaces, solar panels with a battery backup and modern insulation. 

Accessed via Augustine St, Marika is close to St Joseph’s College, Boronia Park shops, local ovals and city transport. 

Marika at 59 Augustine St, Hunters Hill is set to go under the hammer on April 26, on site at 9am with a price guide of $7.5 million. The listing is with Nicholas McEvoy and Narelle Scott of BresicWhitney Hunters Hill. 

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