Get a property report and suburb profile for any property in Lindisfarne

Lindisfarne sits on the River Derwent's eastern shore, centred on a long foreshore reserve and seawall that make boating, rowing and walking local pastimes. Streets near the water feature older weatherboard cottages and mid-century homes, while inland pockets include low-rise units and family houses, creating a quietly residential feel. A compact foreshore shopping strip, parks and boat ramps meet everyday needs, and road and bus links connect to greater Hobart.

The suburb is home to 6,639 people with a median age of 46 and a high rate of owner-occupation (75.9%). Families are largely couples, some with children. Local projects include a proposed Derwent ferry terminal, advancing work on the Clarence Foreshore Trail and a grant to upgrade the Montagu Bay Park path, and a planned redevelopment of Lindisfarne North Primary School. Whether it suits you depends on what you value in a suburb.

Buying looks notably stretched against local incomes in Lindisfarne. A median house price of $883,750 works out to about 10.9 times a typical local annual household income at the last Census, which sits well above local incomes. Rents tell a different but still significant story: a house rent of $650 a week would take about 41.5% of a typical local household's weekly income at the last Census, a large share, while unit rent of $520 a week would take about 33.2%, a sizeable share. For most people weighing options, the rent shares are the figures that matter now, and the price multiple shows how buying compares to what people locally earned at the last Census.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Unit values in Lindisfarne jumped 14.0% over the past 12 months, a strong rise, while house values rose 3.4%, a modest increase. If capital growth is your priority, the unit market was the clearer performer this year.

On the rental side, house rents climbed 12.5%, a strong rise, and unit rents increased 8.3%, a solid rise. That means house rents grew faster than house prices this year, while unit prices outpaced unit rents. Whether that balance of capital growth versus rental income suits you depends on your own goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.