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Bridgewater suburb profile

Bridgewater is a low-lying, riverside suburb on Hobart's eastern shore centred around the Bridgewater Bridge and the road link between the city's southern and northern sides. Its position on the Derwent gives residents ready access to foreshore reserves and river views, while the suburb itself is practical and commuter focused with road and public transport connections into the city and surrounding areas. Housing ranges from mid-century weatherboard and brick homes to more recent infill and townhouse developments, and the local rhythm is set by a compact shopping precinct, parks, sporting fields and everyday community facilities.

Bridgewater property market performance

Bridgewater has relatively few unit sales, so there isn't enough recent data to publish a reliable median unit price. The median house price is $550,000, up sharply 24.8% over the last 12 months.

Over the last 3 months, 22 houses and 3 units were sold. Houses sold in a median of 16 days over the last 12 months.

The rental market in Bridgewater saw house rents average $490 a week, up a solid 8.9% over the last 12 months. Unit rents averaged $493 a week.

HousesUnits
Median price
Past 3 months
$550KN/A
Change in value
Past 12 months
24.8%N/A
Sold
Past 3 months
223
Median days on market
Past 12 months
16N/A
Average rent
Past 12 months
$490$493
Change in rent
Past 12 months
8.9%N/A

5 year median price trend for houses and units

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Bridgewater demographics

One-parent families are the largest family group in Bridgewater, accounting for 42.4% of families (500 households). The area is home to 4,592 people, with a median age of 31 and a median total household income of $944 a week, roughly $49,100 a year.

Couple families together make up 55.3% of families: 30.0% are couple families with children (354) and 25.3% are couple families without children (299). Other families represent 2.3% of the family make-up.

In Bridgewater, renting is the most common form of tenure, with 57.0% of homes rented. Owner-occupied dwellings total 42.9%, split between 22.7% owned with a mortgage and 20.2% owned outright.

Suburbs near Bridgewater

Some popular suburbs near Bridgewater include:

  • Granton: riverfront suburb with a mix of industrial areas and residential pockets.
  • Herdsmans Cove: small waterside community with foreshore reserves and coastal outlooks.
  • Gagebrook: quiet residential neighbourhood with pockets of parkland and local shops.
  • Dromedary: semi-rural locality centred on rolling hills and farmland near Mount Dromedary.
  • Brighton: regional township with broad rural surrounds and a mix of lifestyle properties.

How does Bridgewater compare to nearby suburbs?

  • Median house prices: Bridgewater’s median house price is 12.1% lower than Brighton’s.
  • House price growth: Over the past 12 months, house prices in Bridgewater have grown 23.8% higher than in Granton.
  • Selling speed for houses: Properties in Bridgewater are selling 67.3% faster than in Granton.
  • Investment considerations: In Bridgewater, the rental yield for house is 17.6% lower than the Hobart average, while the rental yield for units is 4.7% higher.
  • House price growth: Over the past 12 months, house prices in Bridgewater have grown 31.8% lower than the average rate of growth across Hobart.
  • Unit price growth:Over the past 12 months, unit prices in Bridgewater have grown 18.3% lower than the average rate of growth for units across Hobart.

Choose the right real estate agents in Bridgewater

Choosing the right real estate agent in Bridgewater can have a big impact on your sale. While there are 40 real estate agents working in the suburb, but just 5 of them were responsible for 36.4% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 2.63% to 3.25%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.

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