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Hadspen suburb profile

Hadspen is a small riverside town in northern Tasmania on the South Esk River, offering a quiet country feel with easy access to Launceston. The suburb is anchored by the historic Entally House and its gardens, and a compact village centre that provides basic shops, a hotel and community facilities. Streets range from timber cottages and period farmhouses on larger lots to more recent suburban-style homes, and the surrounding farmland and river reserves give a strong rural outlook. It suits people after a slower pace of life who still want convenient access to regional roads and city services.

Hadspen property market performance

Property growth+6.8%Past 12 months

Hadspen has relatively few recent property sales, so there isn't enough data to publish a reliable median price for houses or units. The figures that are available show house values have risen sharply, up 22.6% over the last 12 months, while unit values fell a solid 8.9% over the same period.

Over the past 3 months seven houses and one unit changed hands. Median days on market over the last 12 months were 18 for houses and 17 for units, a similar selling time for both property types.

The rental market in Hadspen shows house rents averaging $515 a week, up a solid 5.1% over the last 12 months, while unit rents average $390 a week.

HousesUnits
Median price
Past 3 months
N/AN/A
Change in value
Past 12 months
22.6%-8.9%
Sold
Past 3 months
71
Median days on market
Past 12 months
1817
Average rent
Past 12 months
$515$390
Change in rent
Past 12 months
5.1%N/A

5 year median price trend for houses and units

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Hadspen demographics

Family types dominate the local profile: couple families with children make up 43.4% of families and couple families without children a further 40.3%, together accounting for 83.7% of families. One-parent families represent 15.5% and other families 0.9%.

The suburb is home to 2,429 people, with a median age of 39 and a median total household income of $1,483 a week, roughly $77,116 a year.

Homes in Hadspen are mostly owner-occupied: 33.9% are owned outright and 46.3% are owned with a mortgage, so owner-occupiers make up about four in five households (80.2%), while renters account for 19.7%.

Suburbs near Hadspen

Some popular suburbs near Hadspen include:

  • Blackstone Heights: Residential area in Launceston's northern suburbs, with established streets and local parks.
  • Prospect Vale: Family-focused suburb with leafy streets and community sports facilities.
  • Carrick: Small historic town with a rural feel and heritage buildings.
  • Summerhill: Established Launceston suburb with mixed residential streets and easy access to services.
  • Prospect: Hilly suburb offering elevated residential streets and sweeping regional views.

How does Hadspen compare to nearby suburbs?

  • Median house prices: Hadspen’s median house price is 4.9% higher than Prospect Vale’s.
  • House price growth: Over the past 12 months, house prices in Hadspen have grown 25.2% higher than in Blackstone Heights.
  • Unit price growth: Property prices in nearby Prospect Vale have risen 9.4% more than in Hadspen over the past year.
  • Selling speed for houses: Properties in Hadspen are selling 14.3% faster than in Blackstone Heights.
  • Selling speed for units: Properties in nearby Prospect Vale are selling 5.9% faster than in Hadspen.

Choose the right real estate agents in Hadspen

Choosing the right real estate agent in Hadspen can have a big impact on your sale. While there are 30 real estate agents working in the suburb, but just 5 of them were responsible for 50.8% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 2.38% 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.

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