Question 1

Is Lewisham a nice place to live?

Accepted Answer

Lewisham is a delightful coastal suburb that offers a tranquil and picturesque setting, making it a wonderful place to live. With its charming landscapes and serene environment, it provides a peaceful retreat from the hustle and bustle of city life. The suburb is known for its stunning water views and proximity to beautiful beaches, which are perfect for those who enjoy outdoor activities and a relaxed lifestyle. The community-oriented atmosphere in Lewisham is welcoming and supportive, making it an appealing choice for families who value a close-knit environment.

Families will find Lewisham particularly attractive due to its safe and peaceful vibe, along with easy access to essential amenities. While the suburb itself is quiet and residential, it benefits from its proximity to nearby Sorell and Dodges Ferry, where residents can find a range of shopping, dining, and schooling options. The suburb's location also allows for relatively easy access to Hobart, making it a commuter-friendly choice for those who work in the city but prefer a more laid-back home environment.

One of the trade-offs of living in Lewisham is the limited availability of nightlife and entertainment options within the suburb itself. However, this is balanced by the strong sense of community and the natural beauty that surrounds the area. The housing market in Lewisham is characterized by a high rate of home ownership, reflecting a stable and long-term resident base. This stability, combined with the suburb's scenic surroundings and family-friendly atmosphere, makes Lewisham a charming and desirable place to call home.

Question 2

Is it expensive to live in Lewisham?

Accepted Answer

Living in Lewisham can be considered relatively affordable, especially when compared to other parts of Tasmania. The median total household income in Lewisham is $1,648 per week, which aligns with the Tasmania state average. This income level provides a reasonable buffer for residents to manage their living expenses comfortably.

When it comes to housing, the current data shows no median house or unit prices, which might indicate a lack of recent sales or a small market. However, renting a house in Lewisham costs around $550 per week. This rental price is quite manageable, especially when compared to the average wages in Tasmania, which are about $93,000 per year for full-time workers. This means that a significant portion of local incomes can be allocated to other living expenses or savings.

Overall, if you are thinking of living in Lewisham, you can expect a cost of living that is in line with the state average, making it a financially viable option for many. The balance between income and rental costs suggests that Lewisham offers an affordable lifestyle for those looking to enjoy the quieter, scenic life away from the hustle and bustle of city living.

Question 3

Is Lewisham a good place to invest?

Accepted Answer

Lewisham is showing some intriguing signs for potential investors, particularly with the impressive 37.3% increase in median house values over the past year. This significant growth suggests a strong demand for houses in the area, which could be appealing for those looking to capitalize on capital appreciation. However, it's important to note that the median unit values and rental prices for both houses and units have remained stagnant, indicating a more complex market dynamic.

The lack of change in rental prices might suggest that while property values are rising, rental demand hasn't caught up yet. This could mean that the suburb is currently more attractive for those focused on long-term capital gains rather than immediate rental returns. The stability in rental prices could also imply a balanced rental market, which might appeal to investors seeking steady, if not rapidly increasing, rental income.

Overall, Lewisham presents a mixed bag for investors. The substantial rise in house values is a positive indicator of growth potential, but the flat rental market suggests that it might be more suitable for those prioritizing capital growth over rental yield. As always, understanding the local market trends and future developments in the area will be key to making an informed investment decision.

	Houses	Units
Median price Past 3 months	N/A	N/A
Change in value Past 12 months	33.5%	N/A
Sold Past 3 months	3	N/A
Median days on market Past 12 months	84	N/A
Average rent Past 12 months	$525	N/A
Change in rent Past 12 months	-4.5%	N/A

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