Question 1

Is Tolmans Hill a nice place to live?

Accepted Answer

Tolmans Hill sits on the lower slopes of kunanyi/Mount Wellington, backing onto Wellington Park and often providing views across the River Derwent to Hobart’s city and harbour. Streets wind through native bush and reserves, and housing is largely larger, often architect-designed homes on sloping blocks that prioritise outlook and privacy. The suburb feels quiet with limited through traffic and suits people who value walking tracks and easy access to Sandy Bay village and the city fringe.

A small community of 647 people with a median age of 42 and a median household income of $3,316 a week, roughly $172,400 a year.

Households are dominated by families. Couple families with children are the largest group at 56.3%, while couple families without children make up 37.4%. One-parent families account for 6.3%, so together couple families represent just over nine in ten of the suburb's families.

Homes in Tolmans Hill are overwhelmingly owner-occupied, with 37.8% owned outright and 54.4% owned with a mortgage, a combined 92.2%. Renters make up 7.8% of dwellings in Tolmans Hill.

Question 2

Is it expensive to live in Tolmans Hill?

Accepted Answer

Tolmans Hill's median total household income at the last Census was $3,316 a week, but there haven't been enough recent sales or rentals to publish reliable price and rent figures for houses or units. Without those figures, there isn't a clear picture of how expensive it is to live in Tolmans Hill compared with local incomes.

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 Tolmans Hill a good place to invest?

Accepted Answer

Tolmans Hill hasn't had enough recent sales to put reliable figures on how house or unit prices and rents have moved over the past year. Without that data, there isn't a clear picture of how the suburb has performed as an investment lately.

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	N/A	N/A
Sold Past 3 months	3	N/A
Median days on market Past 12 months	N/A	N/A
Average rent Past 12 months	N/A	N/A
Change in rent Past 12 months	N/A	N/A

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