All About Cambridge, Clarence, TAS, 7170

Cambridge, a suburb located in the Clarence City Council area of Tasmania, offers a unique housing market characterized by a mix of rural charm and suburban convenience. The housing market in Cambridge tends to reflect the area's semi-rural nature, with properties ranging from quaint, older homes on larger plots of land to newer, modern developments that cater to growing families and professionals. In recent years, the demand for housing in Cambridge has increased, partly due to its proximity to Hobart, which is only a short drive away. This has led to a steady rise in property values, yet Cambridge remains an attractive option for those seeking more space and tranquility compared to the urban environment of Hobart. The community is also noted for its relatively spacious properties, which are appealing to those interested in gardening, having ample outdoor space, or simply enjoying the openness that the area provides.

Living in Cambridge offers residents a peaceful lifestyle with the perks of nearby urban amenities. The suburb boasts a close-knit community feel with a population keen on maintaining the area's natural beauty and relaxed atmosphere. Despite its rural feel, Cambridge is advantageously situated near Hobart International Airport and several major highways, making travel and commuting convenient. Locals benefit from a range of local amenities, including shops, schools, and recreational facilities, while also enjoying easy access to more extensive services in nearby Hobart. The area's natural landscape is a significant draw for outdoor enthusiasts, with plenty of opportunities for hiking, cycling, and exploring the scenic Tasmanian wilderness. This blend of rural serenity and accessibility to city life makes Cambridge an appealing place for families, retirees, and anyone looking for a balanced, comfortable lifestyle.

Cambridge Real Estate Market Outlook

Thinking about buying in Cambridge? Now could not be a better time, with 1382 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $703,000 with prices in this suburb ranging from $40,000 to $4,366,000. Cambridge 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

Consistent high demand relative to supply is a key feature in Cambridge driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Cambridge ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Cambridge 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. High density population in Cambridge requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Instant Property Valuation

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Public Transport

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General Points of Interest

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Nearby Suburbs

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