Question 1

Is Risdon Vale a nice place to live?

Accepted Answer

Risdon Vale sits on Hobart’s eastern shore, tucked into the lower slopes of the Meehan Range with views over parts of the River Derwent. It is a mainly quiet residential neighbourhood of modest single-storey homes and some later infill, with a semi-rural feel thanks to nearby native bush, reserves and walking tracks. Local life centres on a small shopping strip, a community centre and sporting fields, while regular bus routes and arterial roads connect residents with Hobart and neighbouring suburbs.

Families are prominent in the community, the population is 3,171 with a median age of 34, and owner-occupation is more common than renting (about 65.1% owner-occupied). The local primary school is listed for staged redevelopment and is part of a multi-school organisation trial, and there are planned road strengthening works on the East Derwent Highway plus government-backed planning for social or supported housing sites. Whether Risdon Vale suits you will depend on the kind of neighbourhood and amenities you want close at hand.

Question 2

Is it expensive to live in Risdon Vale?

Accepted Answer

Buying a house at the median price of $570,000 in Risdon Vale works out to about 9.2 times a typical local annual household income at the last Census, which sits well above what people locally earned then.

Renting a house at $550 a week would take about 46.4% of a typical local household's weekly income at the last Census, a large share, so for renters that percentage is the immediate figure to weigh. Whether either of these numbers feels expensive will depend on your own income and circumstances.

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 Risdon Vale a good place to invest?

Accepted Answer

Over the past year house values in Risdon Vale climbed 15.2% and the rent those houses earn rose 17.0%, both strong increases. Rents have grown slightly faster than values, so on the houses side rental income was the stronger performer this year.

For someone assessing Risdon Vale as an investment, the 15.2% change speaks to capital growth over the year and the 17.0% change speaks to movement in rental income; what that balance means for you will depend on your individual 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.

	Houses	Units
Median price Past 3 months	$570K	N/A
Change in value Past 12 months	15.2%	N/A
Sold Past 3 months	15	N/A
Median days on market Past 12 months	18	N/A
Average rent Past 12 months	$550	N/A
Change in rent Past 12 months	17.0%	N/A

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