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Taroona suburb profile

Taroona is a picturesque suburb located just south of Hobart, Tasmania, known for its stunning coastal views and serene environment. Nestled between the Derwent River and lush hills, Taroona offers a peaceful lifestyle with a strong sense of community. The suburb is home to the historic Shot Tower, a popular tourist attraction, and features beautiful walking trails along the coastline. Taroona's residential landscape is characterized by a mix of charming older homes and modern architecture, appealing to families and retirees alike. Its proximity to Hobart provides convenient access to urban amenities while maintaining a tranquil, natural setting.

Taroona property market performance

Taroona's property market has shown stability over the past 12 months, with no change in the median house value, which remains at $1 million. The unit market appears inactive, with no recorded median price or change in value. Over the past three months, 11 houses have been sold, while only 2 units have changed hands, indicating limited activity in the unit sector.

Houses in Taroona are selling relatively quickly, with a median of 22 days on the market. The unit market, however, shows no activity, suggesting a lack of demand or supply. This trend is reflected in the rental market, where house rents have surged by 18.9% over the last 12 months, reaching an average of $725 per week, while unit rents remain unchanged.

HousesUnits
Median price
Past 3 months
$934KN/A
Change in value
Past 12 months
-0.1%N/A
Sold
Past 3 months
141
Median days on market
Past 12 months
23N/A
Average rent
Past 12 months
$725N/A
Change in rent
Past 12 months
18.9%N/A

5 year median price trend for houses and units

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Taroona demographics

Taroona, a picturesque suburb located just south of Hobart, Tasmania, is renowned for its scenic beauty and tranquil lifestyle. Nestled along the Derwent River, Taroona offers residents stunning waterfront views and a peaceful environment, making it an attractive choice for families and retirees. The suburb's median age of 47 reflects a mature community, with many long-term residents enjoying the area's natural charm and close-knit atmosphere.

The housing landscape in Taroona is characterized by a high rate of home ownership, with 51.3% of properties owned outright and 33.1% owned with a mortgage. This stability is indicative of a community that values long-term residence and investment in their homes. The rental market is relatively small, with only 15.7% of properties being rented, suggesting a preference for home ownership among the population.

Family life is a significant aspect of Taroona's community, with couple families with children making up 42.7% of households, closely followed by couple families without children at 42.1%. The presence of one-parent families at 13.8% adds to the suburb's family-oriented nature. Taroona's appeal lies in its blend of natural beauty, community spirit, and proximity to Hobart, offering a serene yet connected lifestyle for its residents.

Suburbs near Taroona

Some popular suburbs near Taroona include:

  • Bonnet Hill: Known for its scenic views and tranquil environment, Bonnet Hill is located directly north of Taroona.
  • Mount Nelson: Offering a blend of natural beauty and residential charm, Mount Nelson is situated to the northeast of Taroona.
  • Kingston Beach: Famous for its beautiful beach and relaxed lifestyle, Kingston Beach lies to the southwest of Taroona.
  • Kingston: Known for its family-friendly amenities and growing community, Kingston is located to the west of Taroona.
  • Tolmans Hill: Featuring elevated views and modern homes, Tolmans Hill is situated to the northeast of Taroona.

How does Taroona compare to nearby suburbs?

  • Median house prices: Taroona’s median house price is 16.8% higher than Kingston’s.
  • House price growth: Over the past 12 months, house prices in Taroona have grown 4.0% higher than in Tolmans Hill.
  • Selling speed for houses: Properties in Taroona are selling 28.1% faster than in Mount Nelson.
  • House price growth: Over the past 12 months, house prices in Taroona have grown 22.8% higher than the average rate of growth across Hobart.
  • Unit price growth:Over the past 12 months, unit prices in Taroona have grown 25.6% higher than the average rate of growth for units across Hobart.

Choose the right real estate agents in Taroona

There are 30 real estate agents in Taroona, but they don’t all deliver the same results.

Some agents have a much stronger presence in the suburb, with just 5 agents handling around 27.5% of all sales in the past year.

Commission rates in Taroona typically range from 2.63% to 3.25%. Comparing agents—including what they charge, what’s included, and how they structure their fees—is not only important when choosing an agent, the right structure can help ensure your chosen agent is motivated to achieve the best possible result.

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