Thinking about buying in Otago? Now could not be a better time, with just 291 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $617,000 with prices in this suburb ranging from $46,000 to $4,303,000. The aproximate distance to the coast is 10 Km.
Household Makeup
| Median Weekly Rent | $455.00 |
| Median Monthly Mortgage | $1842.00 |
| Median Persons Per Bedroom | 0.70 |
| Average Household Size | 3.00 |
| Average Age | 51.00 |
| Average Income | $833.00 |
| Average Cars Per Dwelling | 2.57 |
| Average Properties Within 50M | 2 |
Housing Stock
Average Property Prices
| 3 Bed $616,000 |
| 4 Bed $570,000 |
| 5 Bed $641,000 |
| 6 Bed+$1,587,000 |
Otago Real Estate Market Outlook
Consistent high demand relative to supply is a key feature in Otago driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Otago 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 Otago 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 Otago 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.
Houses for sale Otago
|
27 conrad dr, otago, tas, 7017 |  4 |
 2 |
 6 |
Offers Over $840,000 |
|
|
37 derwentlaken rd, otago, tas, 7017 | 4 |
2 |
5 |
Offers Over $1,395,000 |
Local Schools
Oakwood School
Windermere Primary School
(While the above schools are located with the suburb of Otago there may also be nearby schools whose catchments cover this suburb)Local Crime Rate
Incidents Trend State Average
Otago weather - Average Local Climate by month
| (mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
|---|---|---|---|---|---|---|---|
| Jan | 1.0 | 13.6 | 23.9 | 38.0 | 80.4 | 5.0 | 23.1 |
| Feb | 1.0 | 12.9 | 22.4 | 42.3 | 83.1 | 4.5 | 18.0 |
| Mar | 1.2 | 12.0 | 21.4 | 43.5 | 84.0 | 4.3 | 12.8 |
| Apr | 1.1 | 10.0 | 18.8 | 43.8 | 82.9 | 4.5 | 9.3 |
| May | 2.0 | 7.7 | 15.4 | 49.8 | 84.9 | 4.5 | 5.9 |
| Jun | 1.7 | 5.8 | 13.1 | 57.0 | 88.1 | 4.4 | 5.0 |
| Jul | 1.4 | 5.3 | 13 | 52.8 | 85.2 | 4.7 | 6.0 |
| Aug | 2.0 | 5.3 | 13.7 | 49.0 | 84.9 | 4.8 | 8.3 |
| Sept | 1.6 | 7.4 | 16.3 | 42.4 | 84.2 | 4.8 | 12.5 |
| Oct | 1.8 | 8.5 | 18.0 | 41.0 | 83.4 | 4.8 | 17.7 |
| Nov | 1.7 | 10.4 | 19.8 | 40.8 | 83.1 | 5.0 | 20 |
| Dec | 1.7 | 12.0 | 21.5 | 41.4 | 81.4 | 4.9 | 23.4 |
source: Australian Government Bureau of Meteorology
Internet Speed
Download 25 Mbps / Upload 5 MbpsNearby Suburbs
Public Transport
Peppermint Bay Cruises - Less than 10 KM
MONA ferry - Less than 10 KM
Hobart City (Brooke St) Ferry Terminal - Less than 10 KM
Bellerive Village Ferry Terminal - Less than 10 KM
Bruny Island Ferry - Kettering - Greater then 10KM
Roberts Point Ferry Terminal - Greater then 10KM
Tasmanian Transport Museum - Less than 5 KM
Hobart Cruise Ship Terminal - Less than 10 KM
General Points of Interest
Glenorchy Mountain Bike Park - Less than 10 KM
Clare Street Sports Ground - Less than 10 KM
Abel Tasman Fountain - Less than 10 KM
Cat and Fiddle Arcade - Less than 10 KM
Clarence Sports Centre - Less than 10 KM
Clarence Swimming Pool - Less than 10 KM
Tasmanian Hockey Centre - Less than 10 KM
North Hobart Cricket Club - Less than 10 KM
Lindisfarne War Memorial - Less than 10 KM
Doone Kennedy Hobart Aquatic Centre - Less than 10 KM
Residz covers 12m+ Australian properties and brings together a wealth of data to give you a better understanding of an area. From crime and schools to bush fire, flood risk and more. Begin your search for properties for sale or learn more about where you currently reside. Residz is an exciting next-generation Real Estate platform getting better by the day!