Question 1

Is Moonah a nice place to live?

Accepted Answer

Moonah is an inner-west Hobart suburb with a working-urban feel centred on a long Main Road retail strip of cafes, shops, eateries and light industry. Streets near the strip range from weatherboard and brick workers' cottages to post-war homes and pockets of newer unit development, and the area attracts long-standing residents alongside young professionals, families and a small creative community. The suburb has a population of 5,884 and a median age of 35, and homes are mostly owner-occupied while a substantial share are rented.

Local life revolves around neighbourhood shops, the Moonah Arts Centre and pocket parks, with regular bus services and ready access to the River Derwent foreshore and kunanyi for recreation and city travel. Glenorchy City Council is pursuing streetscape work in the centre and consulting on a Main Road parklet trial; Benjafield Park has been renewed as a district playspace and the Salvation Army's 21-unit Hopkins Street community housing for women over 55 has been completed. Whether Moonah suits you will depend on whether you value an inner-west, working-urban suburb with strong local retail and arts amenities and a mix of housing types.

Question 2

Is it expensive to live in Moonah?

Accepted Answer

In Moonah, the numbers show buying sits well above local incomes at the last Census. A median house price of $750,000 is about 10.1 times a typical local household's annual income at the last Census, while the median unit price of $510,050 is about 6.9 times that annual income. Both figures are high multiples of what households earned at the last Census, with the house price notably larger.

Renting also takes a sizeable slice of local incomes. A house rent of $600 a week would be roughly 42.2% of a typical local household's weekly income at the last Census, a large share. A unit rent of $440 a week would be about 30.9%, a sizeable share. If you are renting rather than buying, the rent share is the most relevant number; for buyers, the price multiples show how buying compares with local incomes 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.

Question 3

Is Moonah a good place to invest?

Accepted Answer

Both house and unit values in Moonah climbed strongly over the past 12 months, with house values up 11.4% and unit values up 11.2%. House rents also rose strongly, increasing 11.1% over the year. Put simply, capital growth for both property types and rental income for houses all recorded similar, sizeable gains in the last 12 months.

If you're focused on capital growth, the value movements are the figures to watch; if rental income matters most, the 11.1% rise in house rents is the relevant number. Whether that pattern suits your investment goals and circumstances is for you to weigh up.

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.

	Houses	Units
Median price Past 3 months	$750K	$510K
Change in value Past 12 months	11.4%	11.2%
Sold Past 3 months	23	10
Median days on market Past 12 months	20	30
Average rent Past 12 months	$600	$440
Change in rent Past 12 months	11.1%	N/A

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