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Old Beach suburb profile

Old Beach sits on the eastern shore of the River Derwent on Hobart's northern fringe and feels like a quiet riverside suburb with a semi-rural edge. Its streets are lined with a mix of older weatherboard cottages and more modern brick homes, many on generous blocks that suit families, hobby gardeners and people after more outdoor space. The foreshore and local reserves give easy access to river views and informal recreation, while a small local strip handles everyday needs and larger shopping and services are within easy reach. Good road connections make commuting straightforward, so the suburb attracts a blend of commuters, retirees and young families.

Old Beach property market performance

Old Beach has relatively few unit sales, so there isn't enough recent data to publish a reliable median unit price. On the house side, the median house price is $698,000, down a modest 4.4% over the last 12 months.

Over the past three months, 27 houses and 4 units sold. Houses sold in a median of 28 days while units sold more quickly, in a median of 19 days.

The rental market in Old Beach shows house rents averaging $650 a week, up a solid 8.3% over the last 12 months.

HousesUnits
Median price
Past 3 months
$698KN/A
Change in value
Past 12 months
-4.4%N/A
Sold
Past 3 months
274
Median days on market
Past 12 months
2819
Average rent
Past 12 months
$650N/A
Change in rent
Past 12 months
8.3%N/A

5 year median price trend for houses and units

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Old Beach demographics

Old Beach is home to 4,394 people, with a median age of 40. The median total household income is $1,865 a week, roughly $97,000 a year.

Families are the dominant household type. There are 569 couple families with children and 563 couple families without children, representing 43.5% and 43.0% respectively, together about 86.5% of families. One-parent families total 169 (12.9%) and other families 7 (0.5%). This means couple families account for the vast majority of reported family types.

Homes in Old Beach are predominantly owner-occupied: 575 are owned outright (35.7%) and 843 are owned with a mortgage (52.4%), a combined 88.1% owner-occupancy. Renters number 192, or 11.9%, so owner-occupiers outnumber renters by roughly seven to one.

Suburbs near Old Beach

Some popular suburbs near Old Beach include:

  • Austins Ferry: Riverside suburb on the River Derwent, with pockets of bushland and river views.
  • Claremont: Mature residential area with tree-lined streets and several neighbourhood parks.
  • Gagebrook: Residential suburb in the northern metropolitan area with community reserves and green spaces.
  • Herdsmans Cove: Small coastal suburb on the estuary, known for waterfront housing and foreshore paths.
  • Chigwell: Quiet, established suburb with rolling reserves and suburban streetscapes.

How does Old Beach compare to nearby suburbs?

  • Median house prices: Old Beach’s median house price is 6.4% higher than Claremont’s.
  • House price growth: Property prices in nearby Austins Ferry have risen 26.7% more than in Old Beach over the past year.
  • Selling speed for houses: Properties in nearby Austins Ferry are selling 50.0% faster than in Old Beach.
  • Selling speed for units: Properties in Old Beach are selling 38.7% faster than in Claremont.
  • House price growth: Over the past 12 months, house prices in Old Beach have grown 9.2% lower than the average rate of growth across Hobart.
  • Unit price growth:Over the past 12 months, unit prices in Old Beach have grown 12.6% higher than the average rate of growth for units across Hobart.

Choose the right real estate agents in Old Beach

Currently, there are 69 real estate agents working in Old Beach—but not all agents deliver the same results. The right agent could make a huge difference to your final sale price.

Only 5 out of these 69 agents sold 30.6% of all properties in Old Beach over the past year. Choosing one of these top-performing agents means tapping into proven expertise for a better sale outcome.

Real estate agents in Old Beach typically charge a commission of 2.63% to 3.25%. Negotiating a fair commission rate and the right structure can motivate your agent to work even harder, helping you sell for more and potentially saving you thousands of dollars.

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