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Shearwater suburb profile

Shearwater is a picturesque coastal suburb located on the north-west coast of Tasmania, approximately 20km east of Devonport. Known for its stunning beaches and relaxed lifestyle, Shearwater is a popular destination for families, retirees, and holidaymakers. The suburb offers a range of amenities, including shopping centres, cafes, and recreational facilities, making it a convenient place to live. Its proximity to the scenic Rubicon Estuary and Narawntapu National Park provides residents with ample opportunities for outdoor activities such as fishing, boating, and bushwalking. With its serene environment and growing community, Shearwater is an appealing choice for those seeking a coastal lifestyle.

Shearwater property market performance

Current median dwelling price$466,250Past 3 months

Property growth+5.5%Past 12 months

Shearwater's property market has shown varied performance over the past 12 months. The median house price has remained stable at $660,000, while unit values have surged by 26.8%, indicating a strong demand for units despite their lower sales volume. Over the past three months, 12 houses and 4 units were sold, with houses taking a median of 73 days on the market compared to 33 days for units, suggesting quicker turnover in the unit sector.

The rental market in Shearwater has experienced notable growth, with house rents increasing by 12.2% and unit rents rising by 15.7% over the last year. The average rent for houses is now $550, while units command an average of $478, reflecting a robust rental demand across both property types.

HousesUnits
Median price
Past 3 months
$638KN/A
Change in value
Past 12 months
-6.3%17.2%
Sold
Past 3 months
104
Median days on market
Past 12 months
6054
Average rent
Past 12 months
$550$468
Change in rent
Past 12 months
10.0%8.8%

5 year median price trend for houses and units

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Shearwater demographics

Shearwater, located in Tasmania, is a serene coastal suburb known for its tranquil lifestyle and picturesque surroundings. With a population of 2,051, it offers a close-knit community atmosphere, making it an ideal location for retirees and those seeking a peaceful environment. The median age of 58 reflects a mature population, with many residents enjoying the suburb's natural beauty and relaxed pace of life.

The housing landscape in Shearwater is characterized by a high rate of outright home ownership, with 53.5% of properties owned outright. This indicates a stable community with long-term residents who have settled into the area. Additionally, 24.6% of properties are owned with a mortgage, while 22% are rented, providing a mix of housing options for different preferences and life stages.

Family structures in Shearwater are predominantly couple families without children, accounting for 61.2% of the population. This is complemented by 25.3% of couple families with children and 12.3% of one-parent families, highlighting the suburb's appeal to both established families and those looking to downsize. The median total household income of $1,104 per week reflects the suburb's modest yet comfortable living standards, making it an attractive option for those seeking affordability without sacrificing quality of life.

Suburbs near Shearwater

Some popular suburbs near Shearwater include:

  • Port Sorell: Known for its beautiful beaches and relaxed coastal lifestyle, Port Sorell is located directly to the east of Shearwater.
  • Hawley Beach: Famous for its stunning beachfront and tranquil environment, Hawley Beach is situated to the northeast of Shearwater.
  • Squeaking Point: Offering a peaceful rural setting with close proximity to the coast, Squeaking Point lies to the south of Shearwater.
  • Latrobe: Known for its historic charm and vibrant community, Latrobe is located to the southwest of Shearwater.
  • Sassafras: Featuring picturesque landscapes and a serene rural atmosphere, Sassafras is situated to the southeast of Shearwater.

How does Shearwater compare to nearby suburbs?

  • Median house prices: Shearwater’s median house price is 19.9% lower than Port Sorell’s.
  • House price growth: Property prices in nearby Port Sorell have risen 11.0% more than in Shearwater over the past year.
  • Unit price growth: Over the past 12 months, unit prices in Shearwater have grown 5.8% higher than in Latrobe.
  • Selling speed for houses: Properties in Shearwater are selling 42.9% faster than in Port Sorell.
  • Selling speed for units: Properties in nearby Latrobe are selling 31.5% faster than in Shearwater.

Choose the right real estate agents in Shearwater

In Shearwater ,21 agents are actively selling property, but a small number do the heavy lifting. Just 5 agents handled 59.0% of all sales in the past year, giving them a strong presence and deep experience in the local market.

Commission rates usually sit between 2.38% and 3.25%. Comparing agents and understanding what’s included in their fee structure can help you find the right mix of service, value, and motivation—without compromising on outcomes.

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