Question 1

Is South Arm a nice place to live?

Accepted Answer

South Arm is a coastal peninsular suburb on Hobart’s eastern shore centred on a small village at the peninsula tip. It has a relaxed seaside, rural-residential character, with sandy beaches, rock platforms and coastal reserves for fishing, boating and long walks. Housing is low-density and varied, from older beach cottages and holiday homes to newer family houses and larger rural lots. A handful of local shops and community facilities meet everyday needs and Hobart’s services and schools are within easy driving distance. There is a dual-lane concrete boat ramp and adjacent jetty at Jetty Road.

The community numbers 963 people, with a median age of 48 and a median household income of $1,383 a week, about $71,900 a year.

Family life is largely made up of couples. Couple families without children are the largest group at 49.6%, while couple families with children account for 36.8%. One-parent families make up 12.5% and other families 1.1%. Together, the two couple categories represent just over eight in ten families.

In South Arm, most homes are owner-occupied: 45.0% are owned outright and 41.4% are owned with a mortgage, a combined 86.4%. Rented dwellings comprise 13.6% of properties.

Question 2

Is it expensive to live in South Arm?

Accepted Answer

Renting a house in South Arm runs to about $490 a week. Against a typical local household income of $1,383 a week at the last Census, that rent would take about 35.4% of income, a sizeable share for a typical household, so if you plan to rent that's the number that matters when weighing costs.

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 South Arm a good place to invest?

Accepted Answer

House values in South Arm rose 11.8% over the past 12 months, a strong increase in what a house is worth. For someone focused on capital growth, that is the figure that matters; whether that suits your 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	N/A	N/A
Change in value Past 12 months	11.8%	N/A
Sold Past 3 months	2	N/A
Median days on market Past 12 months	31	N/A
Average rent Past 12 months	$490	N/A
Change in rent Past 12 months	N/A	N/A

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