Lutana suburb profile
Lutana is a residential suburb located just 6km north of Hobart's CBD in Tasmania, offering a peaceful and community-oriented lifestyle. Known for its charming streets and proximity to the Derwent River, Lutana provides residents with a serene environment while still being close to urban amenities. The suburb features a mix of older homes and newer developments, catering to a diverse range of residents. With easy access to public transport and nearby shopping precincts, Lutana is a convenient choice for families and professionals seeking a balance between city life and suburban tranquility.
Lutana property market performance
Property growth-15.0%Past 12 months
Lutana's property market has shown varied performance over the past 12 months. House values have increased by 7.3%, while unit values have remained stable with no change. Despite the lack of median price data, the market activity indicates a preference for houses, with 11 houses sold compared to just 2 units in the past year.
Houses are selling quickly, with a median of just 13 days on the market, whereas units are taking significantly longer at 47 days, suggesting a slower demand for units. This trend is reflected in the rental market, where house rents have increased by 9.1%, averaging $600, while unit rents have remained unchanged at $440.
| Houses | Units | |
|---|---|---|
Median price Past 3 months | $770K | N/A |
Change in value Past 12 months | 7.9% | -37.9% |
Sold Past 3 months | 11 | 2 |
Median days on market Past 12 months | 14 | 47 |
Average rent Past 12 months | $595 | $460 |
Change in rent Past 12 months | 8.2% | 7.5% |
5 year median price trend for houses and units
Lutana demographics
Lutana, a suburb located in the northern suburbs of Hobart, Tasmania, offers a blend of suburban tranquility and convenient access to the city. With a population of 2,616, Lutana is a small yet vibrant community that appeals to a diverse range of residents. The median age of 35 suggests a balanced mix of young families, professionals, and long-term residents who appreciate the suburb's peaceful environment and proximity to Hobart's amenities.
The suburb's housing landscape is varied, with a significant portion of properties being owned outright (29.5%) or with a mortgage (33.6%), indicating a stable community with a strong sense of homeownership. However, with 37% of properties rented, Lutana also attracts those seeking rental opportunities, including young professionals and families looking for flexibility. The median total household income of $1,404 per week reflects a modest yet comfortable living standard for its residents.
Family dynamics in Lutana are diverse, with couple families without children making up 41.9% of the households, followed by couple families with children at 31.8%. One-parent families account for 23.9%, highlighting the suburb's inclusive nature and its ability to cater to various family structures. The presence of other family types, though minimal at 2.3%, adds to the suburb's demographic diversity. Lutana's community-oriented atmosphere, combined with its accessibility to Hobart's city center, makes it an appealing choice for those seeking a balanced lifestyle in Tasmania.
Suburbs near Lutana
Some popular suburbs near Lutana include:
How does Lutana compare to nearby suburbs?
- Median house prices: Lutana’s median house price is 2.7% higher than Moonah’s.
- House price growth: Over the past 12 months, house prices in Lutana have grown 8.9% higher than in New Town.
- Unit price growth: Property prices in nearby Moonah have risen 45.8% more than in Lutana over the past year.
- Selling speed for houses: Properties in Lutana are selling 26.3% faster than in Moonah.
- Selling speed for units: Properties in nearby Moonah are selling 34.0% faster than in Lutana.
- Investment considerations: In Lutana, the rental yield for house is .0% lower than the Hobart average, while the rental yield for units is 2.3% lower.
- House price growth: Over the past 12 months, house prices in Lutana have grown 13.0% lower than the average rate of growth across Hobart.
- Unit price growth:Over the past 12 months, unit prices in Lutana have grown 42.2% lower than the average rate of growth for units across Hobart.

