All About Berriedale, Glenorchy, TAS, 7011

Berriedale, located in the Glenorchy municipality of Tasmania, offers a unique housing market that reflects both its suburban charm and proximity to natural beauty. The suburb enjoys a tranquil setting with views of the Derwent River, providing a desirable environment for potential homeowners and renters. The housing market in Berriedale tends to feature a mix of older-style family homes and modern developments, appealing to a range of buyers from first-home purchasers to retirees seeking a peaceful retreat. Over recent years, Berriedale has experienced moderate growth in property values, driven by its increasing popularity as a family-friendly suburb with accessible amenities and a strong community feel.

Living in Berriedale is characterized by its scenic surrounds and easy access to both nature and urban conveniences. Residents enjoy proximity to MONA (Museum of Old and New Art), which is a cultural landmark offering world-class exhibitions and vibrant social events. The suburb also prides itself on local facilities such as parks, schools, and shops, making daily life convenient and enjoyable. The community in Berriedale fosters a welcoming atmosphere with various local clubs and organizations, which provide ample opportunities for social engagement. Its location, just a short drive from Hobart’s city center, ensures that residents can easily partake in more extensive shopping, dining, and entertainment options while enjoying a quieter suburban lifestyle.

Berriedale Real Estate Market Outlook

Thinking about buying in Berriedale? Now could not be a better time, with 1550 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $395,000 with prices in this suburb ranging from $28,000 to $4,424,000. The aproximate distance to the coast is 14 Km.

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. 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 Berriedale due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The high percentage of professional people in Berriedale classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. Medium density in Berriedale necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.

Instant Property Valuation

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Public Transport

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General Points of Interest

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