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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
-15.8%N/A
Sold
Past 3 months
35
Median days on market
Past 12 months
2923
Average rent
Past 12 months
$680$505
Change in rent
Past 12 months
8.8%14.8%

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.

Dynnyrne infrastructure, key developments and investment opportunities

Dynnyrne benefits from its proximity to central Hobart and the University of Tasmania’s Sandy Bay campus, supporting steady demand from professionals, academics, and students seeking convenient access to employment and education hubs.[5][6] Ongoing enhancements to university facilities and the broader Sandy Bay precinct are likely to reinforce rental demand and underpin buyer interest in well-located homes and townhouses.[6] The suburb’s elevated position overlooking the River Derwent, combined with nearby bushland and parks, continues to be a key lifestyle drawcard that supports premium pricing in this traditionally affluent area.[5][6]

Public transport connectivity is supported by Metro Tasmania routes linking Dynnyrne with the CBD, Mount Nelson, the university and Hobart College, which improves accessibility for residents without relying solely on car travel.[9] Longer-term planning for Hobart’s southern transport corridors, including the Southern Outlet and surrounding arterial roads, is focused on improving traffic flow, which may gradually enhance commute times for Dynnyrne residents. At present there are no widely publicised major new infrastructure or school projects specific to Dynnyrne, so property performance is primarily driven by its established amenities, views, and proximity to key employment and education centres.

Dynnyrne rental market trends

The rental market in Dynnyrne has experienced notable growth, with house rents increasing by 8.8% over the past year to $680 per week, while unit rents have surged 14.8% to $505 per week. This suburb's appeal is bolstered by its scenic views and proximity to Hobart's amenities, making it an attractive option for both renters and investors seeking strong returns.

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 South Hobart have risen 15.6% more than in Dynnyrne over the past year.
  • Selling speed for houses: Properties in Dynnyrne are selling 6.5% faster than in Mount Nelson.
  • Selling speed for units: Properties in Dynnyrne are selling 8.0% faster than in South Hobart.
  • Investment considerations: In Dynnyrne, the rental yield for house is 15.4% higher than the Hobart average, while the rental yield for units is 7.2% higher.
  • House price growth: Over the past 12 months, house prices in Dynnyrne have grown 25.2% higher than the average rate of growth across Hobart.
  • Unit price growth:Over the past 12 months, unit prices in Dynnyrne have grown 3.8% lower than the average rate of growth for units across Hobart.

Common questions about Dynnyrne

  • Is Dynnyrne a nice place to live?

    Dynnyrne is a delightful suburb that offers a serene and picturesque environment, making it a wonderful place to live. Nestled just south of Hobart's city centre, it boasts stunning views of the Derwent River and Mount Wellington, providing a tranquil residential atmosphere that is highly sought after. The suburb is known for its lush greenery and charming mix of older homes and modern residences, creating a peaceful vibe that appeals to families and professionals alike. Its proximity to Hobart's vibrant cultural and dining scenes, as well as the University of Tasmania, adds to its allure, making it a convenient location for those who appreciate both nature and city life.

    Families will find Dynnyrne particularly appealing due to its community-oriented lifestyle and access to parks and walking trails, offering plenty of opportunities for outdoor activities. The suburb's safety and peacefulness are significant draws for those looking to raise children in a supportive environment. While Dynnyrne may not have the bustling nightlife of more urban areas, it compensates with its serene ambiance and easy access to the amenities of Hobart. Public transport options are available, linking residents to the CBD and surrounding areas, which is ideal for those who prefer not to rely solely on car travel.

    One trade-off of living in Dynnyrne is that, while it offers a serene lifestyle, it may not be the best choice for those seeking a more dynamic urban experience. Additionally, the premium pricing associated with its stunning views and desirable location might be a consideration for potential homeowners. However, for those who value a peaceful, picturesque setting with the conveniences of city living nearby, Dynnyrne is a charming and inviting place to call home.

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  • Is it expensive to live in Dynnyrne?

    Living in Dynnyrne can be quite affordable compared to other suburbs in the area, especially when considering the average earnings and rental prices. The average wage in Dynnyrne is around AUD 1,800 per week, which is slightly above the Greater Hobart average. This suggests that residents in Dynnyrne typically earn a bit more than those in surrounding areas, which can make the cost of living more manageable.

    When it comes to housing, while the current median house and unit prices are not available, the rental market provides some insights. The average rent for houses in Dynnyrne is about $680 per week, and for units, it's approximately $505 per week. These rental prices align with the income levels, suggesting that renting in Dynnyrne is relatively affordable for those earning the average local wage.

    Overall, if you are thinking of living in Dynnyrne, the combination of slightly higher-than-average wages and reasonable rental prices makes it a financially viable option. The suburb offers a good balance of affordability and lifestyle, making it an attractive choice for many. However, it's always wise to assess your personal financial situation to ensure it aligns with living expenses in the area.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Dynnyrne a good place to invest?

    Dynnyrne presents an intriguing investment opportunity, particularly for those interested in rental properties. While the median house and unit values have remained stable over the past year, the rental market has shown significant growth. House rents have increased by 8.8%, and unit rents have surged by 14.8%, indicating strong demand from tenants. This trend suggests that investors could benefit from solid rental returns, even if capital growth has been flat recently.

    The suburb's appeal lies in its proximity to Hobart's city center, making it an attractive location for professionals and students seeking convenient access to urban amenities. Dynnyrne's leafy streets and peaceful environment also add to its charm, drawing in renters who value a quiet yet accessible lifestyle. While the property values have not seen a rise, the growing rental demand could lead to future appreciation as more people look to settle in this desirable area.

    Overall, Dynnyrne offers a stable investment environment with the potential for strong rental yields. Investors looking for consistent rental income might find this suburb particularly appealing, especially given the recent uptick in rental prices. While immediate capital growth may not be on the horizon, the suburb's rental market dynamics make it a worthwhile consideration for property investors.

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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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