Question 1

Is Taroona a nice place to live?

Accepted Answer

Taroona sits along the River Derwent in Hobart’s southern suburbs where shoreline meets bushland around the Alum Cliffs and the historic Taroona Shot Tower. A stretch of beach and rock platforms makes the foreshore popular with walkers and swimmers, and residential streets climb from the water into leafy lanes of weatherboard cottages and more contemporary homes. A small village centre covers everyday needs and nearby walking tracks and outlooks toward kunanyi support regular outdoor recreation.

The suburb is home to 3,121 people with a median age of 47, and households are largely owner-occupied (about 84.4%). Families are dominated by couple households, and the area also attracts retirees and professionals seeking a quieter seaside way of life. Local facilities include Taroona Park with a community hall, neighbourhood garden, playground, skate park, bowls and tennis, and Louisa Hinsby Park with picnic shelter, pathways and play equipment. A major upgrade to the University of Tasmania’s IMAS campus is under way, including a new teaching building and a co-located research aquarium; essential pipeline works have at times required short closures of the foreshore track. Whether Taroona suits you comes down to the lifestyle you want.

Question 2

Is it expensive to live in Taroona?

Accepted Answer

In Taroona, a weekly house rent of $740 would take about 40.1% of a typical local household's weekly income as recorded at the most recent Census. That represents a large share of income, so renting here would use a substantial portion of what a typical household earned at the last Census. If you're renting, that rent share is the number that matters and whether it feels expensive will depend on your own 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 Taroona a good place to invest?

Accepted Answer

In Taroona over the past 12 months the housing picture was mixed: median house values edged down 0.2%, a marginal fall, while the rent a house earns rose 16.9% over the year, a strong increase. That means the rental-income side has been the clearer performer for houses this year, while house prices were essentially flat to slightly lower; which of those matters most will depend on your own investment 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	N/A	N/A
Change in value Past 12 months	-0.2%	N/A
Sold Past 3 months	8	N/A
Median days on market Past 12 months	23	N/A
Average rent Past 12 months	$740	N/A
Change in rent Past 12 months	16.9%	N/A

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