Question 1

Is Dynnyrne a nice place to live?

Accepted Answer

Dynnyrne is an established inner-southern Hobart suburb set on the slopes above the River Derwent, with leafy, undulating streets and harbour and city views. Its housing is a mix of weatherboard cottages and mid-century brick homes, many updated with contemporary extensions, and the area attracts families, professionals and retirees who value a quiet residential setting with walking tracks and pockets of bushland. The Waterworks Reserve provides bushland trails, a playground and bookable barbecue shelters for local recreation.

Local life centres on neighbourhood streets while shops, cafes and services in Sandy Bay and South Hobart are close by, and regular buses link the suburb to the city. Dynnyrne is home to 1,633 people with a median age of 30, and about two in three homes are owner-occupied. The suburb has also been affected by the Southern Outlet widening, which included compulsory acquisition and demolition works, and there has been water infrastructure work linking a new main through Fitzroy Gardens toward Digney Street. Whether Dynnyrne suits you will come down to the housing style and nearby amenities you prefer.

Question 2

Is it expensive to live in Dynnyrne?

Accepted Answer

Rents in Dynnyrne run to about $680 a week for houses and $498 a week for units. Against a typical local household income of $1,812 a week as recorded at the most recent Census, a house rent would take roughly 37.5% of that weekly income, a sizeable share, while a unit rent would take about 27.5%, a moderate share.

On these figures, renting a house in Dynnyrne would use a noticeably larger share of a typical local household's income at the last Census than renting a unit; whether that feels expensive will depend 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 Dynnyrne a good place to invest?

Accepted Answer

The most striking feature in Dynnyrne over the past 12 months is a split between falling house values and rising rents. House values fell 15.4%, a large decline in what a house is worth over the year, while house rents rose 9.7% (a solid increase) and unit rents rose 13.2% (a strong increase). For someone weighing Dynnyrne as an investment, that means houses showed negative capital growth this year even as rental income for both houses and units increased, with unit rents rising faster than house rents. Whether that pattern fits your goals and circumstances is for you to weigh up.

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	-15.4%	N/A
Sold Past 3 months	8	3
Median days on market Past 12 months	37	N/A
Average rent Past 12 months	$680	$498
Change in rent Past 12 months	9.7%	13.2%

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