Derwent Park

POSTAL CODE: TAS, 7009
HOUSE

Homeowners and real estate investors betting on DERWENT PARK, 7009 can rest assured about this TAS suburb's performance. The suburb saw median home prices rise by 31.15%.

Property investors in DERWENT PARK enjoyed capital gains of 31.15% over the last 12 months translating to lower returns compared with its peers in the territory.

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $570,500.

Profits due to an upward trend in home prices there averaged 0% per annum over a 3-year period.

Home owners selling their properties and realtors in DERWENT PARK usually have to wait an average of 60.1 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the N/A mark, reflecting a N/A increase in returns based on the current median price in DERWENT PARK.

DERWENT PARK, 7009 places 56th in Australia based on median property value growth during the quarter.

Surburb overview

Derwent Park, with the postcode 7009, is a suburb located approximately 8 kilometres north of Hobart’s central business district in Tasmania. Known for its mix of residential, industrial, and commercial areas, Derwent Park offers a balanced lifestyle with convenient access to urban amenities and employment opportunities. The population of Derwent Park is around 2,500 residents, consisting of families, professionals, and retirees, contributing to a diverse and vibrant community.

Derwent Park falls under the jurisdiction of the City of Glenorchy, which ensures well-maintained infrastructure and community services. Public transportation is well-served by Metro Tasmania buses, offering regular services to Hobart’s CBD and surrounding suburbs, making commuting convenient for residents. Additionally, the suburb is well-connected by road, with the Brooker Highway providing easy access to Hobart and other nearby areas.

Educational facilities near Derwent Park include the nearby Bowen Road Primary School and New Town High School, catering to the educational needs of families with children. For higher education, residents have access to the TasTAFE campuses and the University of Tasmania’s Sandy Bay campus, both located within a reasonable distance.

Derwent Park offers a range of shopping and essential services, with several local shops, cafes, and dining options available within the suburb. The nearby Glenorchy Central and Northgate Shopping Centre provide a comprehensive range of retail stores, supermarkets, and entertainment options, ensuring residents have convenient access to everyday needs.

Recreational activities in Derwent Park are enhanced by its proximity to several parks and green spaces. The Prince of Wales Bay Marina is a popular local spot, offering facilities for boating, fishing, and water sports. Additionally, the nearby John Turnbull Park provides playgrounds, sports fields, and walking trails, making it an ideal location for family outings and outdoor activities.

The suburb’s industrial and commercial areas host a variety of businesses, contributing to the local economy and providing employment opportunities for residents. Derwent Park is home to a number of manufacturing, logistics, and retail businesses, making it an important economic hub in the greater Hobart area.

Residents of Derwent Park benefit from its proximity to Hobart, allowing easy access to the city’s cultural and recreational attractions, including the Royal Tasmanian Botanical Gardens, the Tasmanian Museum and Art Gallery, and the bustling Salamanca Market. The suburb's strategic location also makes it a convenient base for exploring the natural beauty of the surrounding region, including the Derwent River and Mount Wellington.

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