Situated in Tasmania's 7009 postcode, Moonah is a well-established residential suburb. Located approximately 5km from the Hobart CBD, the suburb is serviced by 2 schools and benefits from solid transport and amenity access.
Moonah has a population of approximately 5,884, a median age of 38, a median weekly household income of $1,585. The suburb has a balanced mix of owner-occupiers (58%) and renters, indicating healthy demand across both segments. Across the broader LGA, 37.5% of residents hold a university qualification.
Key employment industries in the broader local government area include Health Care and Social Assistance (18.5%), Retail Trade (11.3%), Accommodation and Food Services (9.0%).
The current median house price in Moonah is $645,500. Five-year average annual growth is 4.6%, indicating moderate capital movement. Prices have moved 3.28% over the past 12 months.
Properties in Moonah spend an average of 14 days on market. Online buyer demand is currently rated as high online demand. Stock on market sits at 0.54%. With inventory levels at just 1.64 months, supply is tight relative to demand. The average vendor discount is -4.5%, meaning sellers are typically negotiating below asking price.
The median weekly rent for houses in Moonah is $580. Gross rental yield is 4.67%, providing a solid income return. The vacancy rate of 0.83% signals very strong rental demand. Rents have grown 8.41% over the past 12 months.
The broader local government area is forecast to grow from 51,421 to 54,204 residents by 2031, representing 5.4% population growth. This level of growth typically supports continued demand for housing and infrastructure investment.
Explore other suburb profiles in the area: Lutana, TAS, West Moonah, TAS, Lenah Valley, TAS, Glenorchy, TAS, Montrose, 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 Moonah 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.