Is Now the Time to Sell in New Town? 2025 Market Insights for Homeowners

Market Snapshot New Town Houses Median Sale Price: $820,000 12-Month Change: -11.1% (from $922,500) Number of Sales: 57 (Apr '24 – Mar '25) Price Range: $385,000 – $2,000,000 Highest Sale: $1,870,000 – Bellevue Parade, Jan 2025 Units Median Price: $499,000 12-Month Growth: +7.0% Rental Yield: 4.6% Median Rent: $440 per week Houses for Rent Median Rent: $595 per week Rental Yield: 3.8% Number of Rentals: 111 📍 Key Market Insight While the overall median price for houses in New Town declined by 11.1% year-on-year, the suburb remains highly desirable, with multiple six-figure sales and rapid turnover for renovated or character homes under $1M. Investors will be interested to note that unit prices are rising, and rental yields remain strong. "We're seeing solid demand for updated family homes and growing investor interest in the unit market." — John Ferguson, Ray White Hobart

If you're house hunting in Hobart, you're probably already familiar with popular (and pricey) suburbs like Sandy Bay, Battery Point, and West Hobart. But what if we told you there are underrated, up-and-coming areas offering lifestyle, charm, and solid value—all without the eye-watering price tags? Whether you're a first-home buyer, savvy investor, or simply looking for a quieter lifestyle, here are three hidden gem neighbourhoods in the Hobart area you should absolutely have on your radar. 📍 New Town – Artsy, Walkable, and Full of Soul Just 4km from the Hobart CBD, New Town is one of Hobart’s oldest suburbs, and it's quickly becoming one of its coolest. With its heritage charm, leafy streets, and a growing community of creatives and young professionals, New Town is the Inner North of Hobart. Why You'll Love It: ✅ Excellent public transport and walkability ☕ Trendy cafes, local bakeries, and boutique shops 🏛️ Close to schools, parks, and the Royal Hobart Hospital Median House Price (2025): ~$815,000 Rental Yield: ~3.7% 📈 Investor insight: With rental demand on the rise and limited stock, New Town offers steady capital growth and great rental potential. 🎉 Mount Stuart – Close to the City, Big on Lifestyle If you’re after family-friendly living just minutes from the CBD, Mount Stuart ticks all the boxes. Tucked into the foothills of Knocklofty Reserve, this suburb offers stunning views, quiet streets, and some of Hobart’s most respected schools. Why You'll Love It: 🏫 Zoned for top primary and secondary schools 🌿 Walking trails, parks, and green spaces 🚘 Just a 5-minute drive to Hobart CBD Median House Price (2025): ~$935,000 Rental Yield: ~3.2% 👪 Perfect for: Young families, professionals, and upsizers looking for more space without compromising on location. 🌳 Lenah Valley – Green, Peaceful, and Family-Friendly Tucked between Mount Wellington and the city, Lenah Valley combines nature with convenience. Think tree-lined streets, friendly neighbours, and a real sense of community—without feeling disconnected from the city buzz. Why You'll Love It: 🌄 Backdrop of the mountains and bushland 🛍️ Growing café and retail strip on Augusta Road 🏥 Close to Calvary Hospital and other amenities Median House Price (2025): ~$780,000 Rental Yield: ~3.9% 🌱 Local secret: A great area for first-home buyers who want affordability, liveability, and growth potential. ✨ Summary: Hobart’s Hidden Gems Deliver Big Value While the usual suspects steal the spotlight, these under-the-radar suburbs offer exceptional lifestyle benefits, strong investment potential, and a more grounded, authentic feel of Hobart living.

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