Question 1

Is Warrane a nice place to live?

Accepted Answer

Warrane sits on Hobart’s eastern shore along the Derwent River foreshore and has a quietly residential feel. Streets mix single-storey weatherboard and brick homes with some low-rise unit developments, and there are small parks and riverfront walkways for everyday recreation. The suburb attracts families and older residents who value a calmer pace while remaining within easy reach of Rosny Park and Bellerive for shopping and services, and commuting is straightforward with nearby arterial roads and regular bus links to the city.

Warrane is home to 2,695 people, with a median age of 36. The median total household income is $1,099 a week, roughly $57,148 a year, which is the typical weekly household income reported for the suburb.

Family types are fairly evenly spread. Couple families without children are the largest group at 33.8%, while couple families with children make up 31.2%; together they account for 65.0% of families. One-parent families represent 30.9% and other families 4.1%. In raw counts each of the three main family groups numbers at about 190–212 households.

Homes in Warrane are more often rented than owner-occupied: 52.4% are rented, compared with 47.6% owner-occupied (26.5% with a mortgage and 21.1% owned outright). Rented homes exceed owner-occupied by 4.8 percentage points.

Question 2

Is it expensive to live in Warrane?

Accepted Answer

House rents in Warrane average about $550 a week. Against the typical local household income recorded at the last Census of $1,099 a week, that rent would take roughly half of a household's weekly income (about 50.0%). On these figures, renting a house here would take a large share of a typical local household's income at the last Census. If you're renting rather than buying, that rent share is the key number to consider.

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 Warrane a good place to invest?

Accepted Answer

House prices in Warrane rose 12.8% over the past 12 months, a strong increase in what houses are worth. Over the same period house rents increased 4.8%, a modest rise in rental income. Put simply, capital growth on houses outpaced rental growth this year, so the value change was the stronger performer. Whether that balance suits you depends on whether you prioritise capital growth or rental income and on your individual 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	12.8%	N/A
Sold Past 3 months	7	4
Median days on market Past 12 months	20	23
Average rent Past 12 months	$550	N/A
Change in rent Past 12 months	4.8%	N/A

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