All About Risdon, Clarence, TAS, 7017

Risdon, located in the City of Clarence on the eastern shore of Hobart, Tasmania, presents a charming, small-community feel that is balanced with the convenience of being close to the capital city. The housing market in Risdon is typically characterized by a range of affordable houses, making it an attractive option for families and first-time homebuyers looking to settle in a serene environment. Over recent years, the market has shown gradual growth as more people discover the benefits of living in this peaceful suburb. Due to its proximity to Hobart, Risdon offers a more budget-friendly alternative to the more expensive areas within the metropolitan reach, while still providing easy access to urban amenities and employment opportunities.

Living in Risdon offers residents a unique blend of suburban tranquility and natural beauty, with ample green spaces and scenic views of the Derwent River. The community is known for its friendly and welcoming atmosphere, making it an ideal location for families and those who appreciate a quieter lifestyle. Local facilities such as parks, schools, and small shopping areas adequately serve the residents' daily needs. Moreover, Risdon's close proximity to larger shopping centers and entertainment options in Hobart ensures that residents do not miss out on the conveniences of city life. This balance between peaceful living and accessibility to city amenities makes Risdon a compelling choice for those looking to experience the best of both worlds.

Risdon Real Estate Market Outlook

Thinking about buying in Risdon? Now could not be a better time, with just 122 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $491,000 with prices in this suburb ranging from $20,000 to $1,376,000. Risdon is located fairly close to the coast at just 6Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

In Risdon there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Risdon is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. Low average earnings from people in Risdon leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. With very low industrial sector presence in Risdon the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.

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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