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Montagu Bay suburb profile

Montagu Bay is a compact waterside suburb on Hobart's Eastern Shore, sitting along the River Derwent with a quietly residential, village-like character. Its tree-lined streets host a mix of older weatherboard cottages, modest brick homes and more recent waterfront apartments, many properties enjoying river outlooks. The suburb suits people who want calm neighbourhood streets with ready access to the foreshore for walks and boating, while still being close to the Tasman Bridge for travel into the city and to the shops and sporting precinct around Bellerive. Local reserves and the riverfront define much of Montagu Bay’s appeal.

Montagu Bay property market performance

Montagu Bay sees 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 2 house sales over the last 3 months and a median house time on market of 12 days over the last 12 months.

The rental market in Montagu Bay recorded average house rents of $600 a week over the last 12 months.

HousesUnits
Median price
Past 3 months
N/AN/A
Change in value
Past 12 months
N/AN/A
Sold
Past 3 months
2N/A
Median days on market
Past 12 months
12N/A
Average rent
Past 12 months
$600N/A
Change in rent
Past 12 months
N/AN/A

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Montagu Bay demographics

Montagu Bay is a small community of 718 people, with a median age of 43 and a median household income of $1,489 a week, roughly $77,428 a year.

Families make up the core of household life: couple families (with and without children) account for 78.4% of families. About 42.6% are couple families without children (81 families) and 35.8% are couple families with children (68 families). One-parent families represent 21.6% (41 families).

Homes in Montagu Bay are mostly owner-occupied: 67.4% are owned (38.2% owned outright and 29.2% owned with a mortgage), while 32.6% are rented.

Suburbs near Montagu Bay

Some popular suburbs near Montagu Bay include:

  • Rose Bay: Sheltered bayside suburb with foreshore reserves and harbour views.
  • Rosny: Established riverside area with shopping options and parkland.
  • Bellerive: Sandy Bellerive Beach and an active foreshore precinct.
  • Lindisfarne: Quiet, established suburb with bayside parks and tree-lined streets.
  • Mornington: Residential suburb with leafy streets and elevated outlooks.

How does Montagu Bay compare to nearby suburbs?

  • Median house prices: Montagu Bay’s median house price is 17.5% lower than Lindisfarne’s.
  • Selling speed for houses: Properties in Montagu Bay are selling 72.1% faster than in Rose Bay.
  • House price growth: Over the past 12 months, house prices in Montagu Bay have grown 1.8% lower than the average rate of growth across Hobart.

Choose the right real estate agents in Montagu Bay

Choosing the right real estate agent in Montagu Bay can have a big impact on your sale. While there are 8 real estate agents working in the suburb, but just 5 of them were responsible for 66.7% 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.

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