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Cambridge suburb profile

Cambridge is an outer-eastern Hobart suburb centred around Hobart International Airport and a stretch of light industrial and business park land, giving it a practical, work-oriented character alongside pockets of semi-rural living. The suburb mixes larger, leafy lifestyle blocks and modern residential lots set on relatively flat ground, with aviation, logistics and industrial employers close by. It appeals to people who want easy access to the airport and major roads while keeping a quieter, semi-rural address, and residents typically look to nearby centres for shopping and services. Green paddocks and scattered native trees soften the commercial areas, so Cambridge feels more rural than inner-city.

Cambridge property market performance

Property growth+2.5%Past 12 months

Like many smaller suburbs, Cambridge sees relatively few property sales, so there isn't enough recent data to publish a reliable median price for houses or units. The figures that are available show house values rose sharply, up 11.0% over the last 12 months.

Over the last 3 months, 3 houses and 2 units were sold. Houses sold in a median of 22 days.

The rental market in Cambridge recorded average house rents of $610 a week over the last 12 months, up a modest 2.5%.

HousesUnits
Median price
Past 3 months
N/AN/A
Change in value
Past 12 months
11.0%N/A
Sold
Past 3 months
32
Median days on market
Past 12 months
22N/A
Average rent
Past 12 months
$610N/A
Change in rent
Past 12 months
2.5%N/A

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Cambridge demographics

A community of 1,454 people with a median age of 41, and a median household income of $2,048 a week, roughly $106,500 a year.

Families are dominated by couples: about four in ten are couple families with children (43.2%) and a similar share are couple families without children (42.5%), together accounting for 85.7% of families. One-parent families make up 13.6% and other families 0.7%.

Homes in Cambridge are mostly owner-occupied: 41.4% are owned outright and 46.3% are owned with a mortgage, a combined owner-occupied share of 87.7%, while renters account for 12.3%.

Suburbs near Cambridge

Some popular suburbs near Cambridge include:

  • Seven Mile Beach: Known for a long sandy beach and coastal reserve.
  • Acton Park: Semi-rural suburb with waterfront outlooks and bushland nearby.
  • Midway Point: Small waterfront community on the narrow isthmus between the River Derwent and Pitt Water.
  • Clarendon Vale: Suburban area in eastern Hobart with established residential streets and local reserves.
  • Warrane: Residential suburb on the eastern shore, offering water views and leafy streets.

How does Cambridge compare to nearby suburbs?

  • Median house prices: Cambridge’s median house price is 0.9% lower than Midway Point’s.
  • House price growth: Over the past 12 months, house prices in Cambridge have grown 1.8% higher than in Acton Park.
  • Unit price growth: Property prices in nearby Midway Point have risen 31.4% more than in Cambridge over the past year.
  • Selling speed for houses: Properties in Cambridge are selling 46.3% faster than in Acton Park.
  • House price growth: Over the past 12 months, house prices in Cambridge have grown 16.1% higher than the average rate of growth across Hobart.
  • Unit price growth:Over the past 12 months, unit prices in Cambridge have grown 17.2% higher than the average rate of growth for units across Hobart.

Choose the right real estate agents in Cambridge

Choosing the right real estate agent in Cambridge can have a big impact on your sale. While there are 21 real estate agents working in the suburb, but just 5 of them were responsible for 33.3% 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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