Median price · 7 years
Rolling 12-month median, all dwellings
$1,340,000+5.5% past 12 months
2020202120222023202420252026
Sandy Bay
Steady outlook Growth score 64 Top 62% of sample
Risk score 26 Low · lower is better
Stability score 88 Consistent over 10 years
What drives the growth score
Nine metrics, each benchmarked against every suburb nationally. Weighted sum equals the score.
Sales momentum18% Moderate · 63
Listing scarcity15% Strong · 71
Rental demand14% Strong · 71
Days on market12% Moderate · 67
Infrastructure investment11% Strong · 89
Jobs access10% Weak · 43
Population growth8% Moderate · 50
Income growth7% Weak · 49
New supply pressure5% · negative Elevated · 51
Key metrics vs benchmarks
TAS column is the sample-state average; national is the whole sample.
| Metric | Sandy Bay | TAS | National |
|---|---|---|---|
| Median price | $1,340,000 | $763,500 | $734,203 |
| 12-month growth | +5.5% | +6.1% | +8.4% |
| Gross rental yield | 2.8% | 3.9% | 4.0% |
| Vacancy rate | 1.2% | 1.0% | 1.3% |
| Days on market | 30 | 32 | 31 |
| Auction clearance | 65% | 58% | 62% |
| New supply pipeline | Elevated | Moderate | Moderate |
Risk score components
Lower is safer. Components are read independently; the score is their weighted blend.
26Low risk
New supply pipelineApproved dwellings vs existing stock Moderate · 51
Employment concentrationShare of jobs in the top two industries Low · 16
Price volatility, 5 yearsLargest peak-to-trough drawdown Low · 29
Vacancy pressureCurrent vacancy vs 2% threshold Low · 22
Hazard exposureFlood, bushfire and storm surge overlays Low · 15
Who lives here
ABS Census, latest release, aggregated to suburb
8,500population 38median age 50%owner-occupied 50%renting
Owner-occupiedRenting
Sandy Bay is Hobart's most prestigious suburb, home to the University of Tasmania and Wrest Point Casino. Waterfront homes with Mount Wellington views command premium prices in this tightly held blue-chip market.
On the ground
Committed projects and catalysts feeding the infrastructure and jobs metrics
- University of Tasmania Sandy Bay campus
- Wrest Point Casino precinct
- Sandy Bay Road retail strip
- Hobart waterfront lifestyle
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