Question 1

Is Clarendon Vale a nice place to live?

Accepted Answer

Clarendon Vale is a modest, predominantly residential pocket on Hobart’s eastern shore. Streets are mainly single-storey homes on modest blocks, with small reserves and playgrounds giving an everyday suburban character. Residents rely on nearby shopping centres and community facilities, and local roads provide straightforward links back toward the city and the coast. Housing mixes older weatherboard cottages with newer homes, so the suburb suits people who want practical, well-located accommodation in Hobart’s eastern suburbs.

The suburb has 1,635 residents and a median age of 29, with a typical household income of $921 a week (roughly $48,000 a year). Family types are distinctive, with one-parent families making up 50.0% of families and a smaller share of couple families with and without children; most homes are rented (66.9%). There are a number of council and state-led changes under way, including land rezoning that would enable 80-plus new homes and set aside about 1.9 hectares of creekside open space, a planned pavilion and lighting upgrade at the oval, a development application for assisted housing, and the local Clarendon Vale Community Park.

Question 2

Is it expensive to live in Clarendon Vale?

Accepted Answer

In Clarendon Vale, a house rent of $540 a week would take about 59% of a typical local household's weekly income as recorded at the most recent Census (weekly household income $921). On these figures, renting a house would use a large share of a typical local household's income.

If you're renting rather than buying, that rent share is the number that matters; whether it feels expensive depends on your own income and circumstances.

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 Clarendon Vale a good place to invest?

Accepted Answer

Over the past 12 months in Clarendon Vale, house values rose 16.1% while house rents climbed 14.2%. Both are large, double-digit rises, and the increase in value was slightly stronger than the increase in rent, so for houses capital growth edged out rental income over the year. Which of those outcomes matters most will depend on whether you prioritise capital gains or rental cashflow.

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	N/A	N/A
Change in value Past 12 months	16.1%	N/A
Sold Past 3 months	8	N/A
Median days on market Past 12 months	12	N/A
Average rent Past 12 months	$540	N/A
Change in rent Past 12 months	14.2%	N/A

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