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Dynnyrne suburb profile

Dynnyrne is a picturesque suburb located just south of Hobart's city centre in Tasmania, offering stunning views of the Derwent River and Mount Wellington. Known for its tranquil residential atmosphere, Dynnyrne is popular among families and professionals seeking a peaceful yet accessible location. The suburb features a mix of charming older homes and modern residences, nestled amidst lush greenery. Its proximity to the University of Tasmania and Hobart's vibrant cultural and dining scenes adds to its appeal. With easy access to parks, walking trails, and public transport, Dynnyrne provides a serene lifestyle with the conveniences of city living.

Dynnyrne property market performance

Dynnyrne's property market has shown stability in terms of property values over the past 12 months, with no change in median house and unit prices. Despite this, the suburb has seen limited sales activity, with only 3 houses and 5 units sold in the past year. Houses and units are selling relatively quickly, with median days on market at 29 and 23 days, respectively, indicating a brisk turnover.

The rental market in Dynnyrne has experienced notable growth, with house rents increasing by 8.8% and unit rents rising by 14.8% over the last 12 months. The average rent for houses is $680, while units command an average of $505, reflecting strong demand in the rental sector.

HousesUnits
Median price
Past 3 months
N/AN/A
Change in value
Past 12 months
-17.5%N/A
Sold
Past 3 months
74
Median days on market
Past 12 months
33N/A
Average rent
Past 12 months
$685$510
Change in rent
Past 12 months
12.3%15.9%

5 year median price trend for houses and units

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Dynnyrne demographics

Dynnyrne, a charming suburb located in Hobart, Tasmania, offers a serene and picturesque environment for its residents. With a population of 1,633, it is a small yet vibrant community that attracts a diverse mix of families, professionals, and students. The median age of 30 indicates a youthful demographic, likely drawn to the suburb's proximity to the University of Tasmania and the Hobart CBD, making it an ideal location for those seeking a balance between study, work, and leisure.

The suburb's housing landscape is quite balanced, with a significant portion of properties owned outright (35.3%) and a similar percentage owned with a mortgage (30.5%). This reflects a stable community with a mix of long-term residents and new homeowners. Additionally, 34.2% of the properties are rented, catering to students and young professionals who prefer flexible living arrangements. The median total household income of $1,812 per week suggests a comfortable standard of living for its residents.

Family dynamics in Dynnyrne are diverse, with couple families without children making up 51.3% of the population, while couple families with children account for 39.4%. This indicates a strong presence of both young couples and families, contributing to a lively and supportive community atmosphere. The suburb's natural beauty, combined with its convenient location and community-oriented lifestyle, makes Dynnyrne a desirable place to call home.

Suburbs near Dynnyrne

Some popular suburbs near Dynnyrne include:

  • Tolmans Hill: Known for its elevated position and stunning views, Tolmans Hill is located to the southwest of Dynnyrne.
  • South Hobart: Featuring a charming mix of heritage homes and modern amenities, South Hobart lies to the north of Dynnyrne.
  • Sandy Bay: Renowned for its waterfront properties and vibrant university community, Sandy Bay is situated to the east of Dynnyrne.
  • Mount Nelson: Offering a peaceful residential environment with bushland surrounds, Mount Nelson is located to the south of Dynnyrne.
  • Battery Point: Known for its historic charm and picturesque streets, Battery Point is situated to the northeast of Dynnyrne.

How does Dynnyrne compare to nearby suburbs?

  • Median house prices: Dynnyrne’s median house price is 0.6% lower than South Hobart’s.
  • House price growth: Property prices in nearby Tolmans Hill have risen 13.4% more than in Dynnyrne over the past year.
  • Selling speed for houses: Properties in Dynnyrne are selling 44.1% faster than in Battery Point.
  • Investment considerations: In Dynnyrne, the rental yield for house is 15.1% higher than the Hobart average, while the rental yield for units is 8.3% higher.
  • House price growth: Over the past 12 months, house prices in Dynnyrne have grown 25.0% higher than the average rate of growth across Hobart.
  • Unit price growth:Over the past 12 months, unit prices in Dynnyrne have grown 3.2% lower than the average rate of growth for units across Hobart.

Choose the right real estate agents in Dynnyrne

In Dynnyrne ,25 agents are actively selling property, but a small number do the heavy lifting. Just 5 agents handled 35.5% of all sales in the past year, giving them a strong presence and deep experience in the local market.

Commission rates usually sit between 2.63% and 3.25%. Comparing agents and understanding what’s included in their fee structure can help you find the right mix of service, value, and motivation—without compromising on outcomes.

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