Question 1

Is Claremont a nice place to live?

Accepted Answer

Claremont sits in Hobart’s northern suburbs beside the Derwent River valley and the city’s northern foothills. It is predominantly residential, with mid-century weatherboard and brick houses on generous blocks alongside pockets of newer subdivisions, so the area combines established character with practical family housing. The community numbers 8,397 people, has a median age of 38, and couples (with and without children) make up 73.4% of families; most homes are owner-occupied while about 36.8% are rented.

Everyday life centres on a small local shopping strip and community facilities along the main road, several parks and riverfront reserves for walking and recreation, and easy bus links to the city, while nearby bushland gives a semi-rural feel in places. Local planning includes a Cadbury-site control to allow a tourist operation and a set of precinct actions for the Claremont CBD, and Windermere Bay has seen foreshore and pump-track/skatepark upgrades. Whether Claremont suits you depends on whether that mix of housing, parks and local upgrades matches what you want.

Question 2

Is it expensive to live in Claremont?

Accepted Answer

Rents in Claremont take a sizeable to large share of local incomes as recorded at the last Census. A house rent of $560 a week would absorb about 45% of a typical local household's weekly income at the last Census, while a unit at $480 a week would absorb about 39%.

Buying sits further from local incomes: the median house price of $656,000 is about 10.2 times a typical local annual household income at the last Census, and the median unit price of $510,000 is about 7.9 times. That places house prices at a high multiple of what households earned at the last Census and unit prices well above local incomes, so whether rent or purchase looks more manageable will depend on which option matters to you.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Claremont a good place to invest?

Accepted Answer

Over the past 12 months Claremont saw double-digit gains in values, with median house values up 11.3% and median unit values up 10.7%. Rents rose too, though more modestly: house rents increased 8.7% and unit rents increased 6.7%. On both measures houses edged units, with slightly larger rises in house values and house rents than for units.

The figures show capital growth was the stronger performer this year while rental income also climbed at a solid pace. If rental income is your priority, focus on the rent movements; if capital growth matters more, the value changes are the relevant numbers. Whether that pattern fits your goals and circumstances is for you to decide.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$656K	$510K
Change in value Past 12 months	11.3%	10.7%
Sold Past 3 months	31	15
Median days on market Past 12 months	19	31
Average rent Past 12 months	$560	$480
Change in rent Past 12 months	8.7%	6.7%

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