All About Moonah, Glenorchy, TAS, 7009

Moonah, a vibrant suburb in the city of Glenorchy, Tasmania, has become an increasingly attractive spot within the Hobart metropolitan area, particularly noted for its dynamic housing market. Over recent years, Moonah has witnessed significant growth and demand, largely attributed to its affordability compared to Hobart's central locations and its proximity to the city center. The blend of older-style cottages, modern apartments, and family homes provides diverse housing options catering to young professionals, growing families, and retirees alike. The area has seen a surge in development and investment, which is reflective of the broader trend across Tasmania's real estate market, with competitive pricing making it an appealing option for first-time homebuyers and investors looking for promising growth potential.

Life in Moonah offers a sense of community and convenience, characterized by its bustling commercial district along Main Road, where an array of shops, cafes, and services can be found. The suburb strikes a balance between suburban tranquility and urban accessibility, with well-established public transport links that make commuting into Hobart simple and efficient. Moonah also boasts several parks and recreational areas, which are ideal for outdoor activities, fostering a family-friendly environment. The nearby arts and cultural hubs add to the suburb’s appeal, attracting a creative demographic and enriching the local lifestyle with festivals and community events. With its cultural diversity and evolving infrastructure, Moonah embodies a lively yet laid-back ambiance, making it an attractive place to settle down in Tasmania.

Moonah Real Estate Market Outlook

Thinking about buying in Moonah? Now could not be a better time, with 3798 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $353,000 with prices in this suburb ranging from $16,000 to $1,320,000. The aproximate distance to the coast is 11 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 Moonah due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in Moonah provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. High density population in Moonah 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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