Dynnyrne is a residential suburb in Tasmania, sitting within the 7005 postcode. Located approximately 3km from the Hobart CBD, the suburb benefits from solid transport and amenity access.
Dynnyrne has a population of approximately 1,633, a median age of 27, a median weekly household income of $2,021. The suburb has a balanced mix of owner-occupiers (65%) and renters, indicating healthy demand across both segments. Across the broader LGA, 65.9% of residents hold a university qualification.
Key employment industries in the broader local government area include Health Care and Social Assistance (18.5%), Education and Training (13.4%), Accommodation and Food Services (10.7%).
The current median house price in Dynnyrne is $945,000. Average annual growth sits at 5.4% over five years, reflecting steady capital appreciation. Prices have adjusted -8.03% over the past 12 months.
Properties in Dynnyrne spend an average of 22 days on market. Online buyer demand is currently rated as high online demand. Stock on market sits at 1.02%. Inventory levels are at 2.67 months, indicating a balanced market. The average vendor discount is -8.2%, meaning sellers are typically negotiating below asking price.
The median weekly rent for houses in Dynnyrne is $745. Gross rental yield is 4.1%, providing a solid income return. Vacancy rate is 1.01%, reflecting healthy rental demand. Rents have grown 24.17% over the past 12 months.
The broader local government area is forecast to grow from 59,055 to 62,805 residents by 2031, representing 6.4% population growth. This level of growth typically supports continued demand for housing and infrastructure investment.
Explore other suburb profiles in the area: Sandy Bay, TAS, Battery Point, TAS, South Hobart, TAS, Mount Nelson, TAS, Lenah Valley, TAS.
Handle Properties is a Sydney-based buyer's agency helping investors build portfolios of high-growth investment properties across Australia. If you are considering Dynnyrne or need help identifying the right suburb for your strategy, get in touch with our team.
The quantitative data below has been compiled on 30th May 2023 from a range of third party sources using a variety of manual methods. Handle does not guarantee the accuracy of this data shown below.