OA Logo Green
search icon

Get a property report and suburb profile for any property in Geilston Bay

Join the 2.6 million Australians* who use our services every year.

Geo Page

Geilston Bay suburb profile

Geilston Bay is a quiet waterside suburb on the eastern shore of the River Derwent, sitting between Lindisfarne and Howrah in the Clarence area. It has a low-density, residential character with mostly detached homes set on established, garden-filled blocks and a peaceful foreshore that invites walking, fishing and casual boating. The suburb suits families and people who favour a coastal suburban lifestyle while still commuting to the city, with regular bus services and straightforward access across the Tasman Bridge. Local reserves and water views give Geilston Bay a relaxed, small-community feel rather than a busy commercial scene.

Geilston Bay property market performance

Property growth+8.6%Past 12 months

Geilston Bay has relatively few recent unit sales, so there isn't enough data to publish a reliable median unit price. On the house side, the median house price is $805,000, up a solid 6.2% over the last 12 months. Unit values rose sharply, up 11.0% over the last 12 months, so unit values have grown faster than house values.

Over the last 3 months 14 houses and 4 units were sold. Houses sold in a median of 14 days over the last 12 months, while units took a median of 36 days, so houses sold faster than units.

In Geilston Bay the rental market shows house rents averaging $650 a week, up a solid 8.3% over the last 12 months. Unit rents averaged $500 a week and fell a modest 2.0% over the last 12 months, so house rents grew more strongly than unit rents.

HousesUnits
Median price
Past 3 months
$805KN/A
Change in value
Past 12 months
6.2%11.0%
Sold
Past 3 months
144
Median days on market
Past 12 months
1436
Average rent
Past 12 months
$650$500
Change in rent
Past 12 months
8.3%-2.0%

5 year median price trend for houses and units

Access homes before they're listed for sale

Build a buying brief and get first access to properties that aren't yet on the market.

OpenAdvantage

Geilston Bay demographics

Geilston Bay is a community of 3,461 people, where the median age of residents is 43. The typical household earns $1,610 a week, which is roughly $83,720 a year.

Families form the core of the local demographic. Couple families without children are the largest single group at 44.6%, and together with couple families with children (38.4%) they make up 83.0% of families. One-parent families account for 15.0%, with other families representing 1.9%.

By tenure, homes in Geilston Bay are predominantly owner-occupied. Owner-occupiers represent about 83.1% of dwellings, split between 41.2% owned outright and 41.9% owned with a mortgage, while renters make up 16.9%.

Suburbs near Geilston Bay

Some popular suburbs near Geilston Bay include:

  • Lindisfarne: Established waterfront suburb with foreshore reserves along the Derwent River.
  • Rose Bay: Small coastal locality with a quiet waterfront and suburban streets.
  • Risdon Vale: Predominantly residential with surrounding bushland and open reserve areas.
  • Lutana: Inner eastern suburb mixing older homes and riverside industry.
  • Montagu Bay: Leafy bayside suburb with waterfront parks and sweeping river views.

How does Geilston Bay compare to nearby suburbs?

  • Median house prices: Geilston Bay’s median house price is 41.2% higher than Risdon Vale’s.
  • House price growth: Over the past 12 months, house prices in Geilston Bay have grown 2.8% higher than in Lindisfarne.
  • Unit price growth: Over the past 12 months, unit prices in Geilston Bay have grown 48.0% higher than in Lutana.
  • Selling speed for houses: Properties in Geilston Bay are selling 44.0% faster than in Lindisfarne.
  • Selling speed for units: Properties in Geilston Bay are selling 30.8% faster than in Lutana.
  • Investment considerations: In Geilston Bay, the rental yield for house is 9.2% higher than the Hobart average, while the rental yield for units is 6.4% higher.
  • House price growth: Over the past 12 months, house prices in Geilston Bay have grown 0.2% higher than the average rate of growth across Hobart.
  • Unit price growth:Over the past 12 months, unit prices in Geilston Bay have grown 12.6% higher than the average rate of growth for units across Hobart.

Choose the right real estate agents in Geilston Bay

Choosing the right real estate agent in Geilston Bay can have a big impact on your sale. While there are 40 real estate agents working in the suburb, but just 5 of them were responsible for 37.1% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 2.63% to 3.25%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.

Geo Page

Get a head start and compare top local agents in Geilston Bay

Not quite ready to sell?

icon

Property report

Suburb and property report

Completed by independent professional experts not a computer.
Get a free property reporticon right chevron
icon

OpenEstimates

Digital estimate for your property

Compare your property to three recent sales to get a digital estimate.
Get a comparative estimateicon right chevron
icon

Navigate the market like a pro

Navigate the market

Get an understanding of the market signals you should keep an eye on.
Understand your local marketicon right chevron