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Lutana

POSTAL CODE: TAS, 7009
HOUSE
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Property investors enjoyed capital gains of 1.94% over the last 12 months in LUTANA, translating to lower returns compared with its peers in TAS.

Figures from the previous quarter show that capital gains for real estate buyers in LUTANA are low, as opposed to average gains per annum over the past five years.

The suburb posted a 1.28% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $580 based on current median home prices for the suburb.

On average, rents on listings have reached the $580 mark, reflecting a 4.77% increase in returns based on the current median price in LUTANA.

LUTANA, 7009 ranks 114th in TAS in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 33rd on the list of best yielding suburbs for rental properties in TAS, posting a 4.77% return.

Surburb overview

Lutana, with the postcode 7009, is a suburb located approximately 5 kilometres north of Hobart’s central business district in Tasmania. Known for its convenient location, residential charm, and access to urban amenities, Lutana offers a comfortable lifestyle for its residents. The population of Lutana is around 2,200 residents, comprising a diverse mix of families, professionals, and retirees who appreciate the suburb’s community-oriented environment and proximity to Hobart.

Lutana 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, providing regular services to Hobart’s CBD and surrounding suburbs, making commuting convenient for residents. The suburb is also easily accessible by car via the Brooker Highway, facilitating straightforward travel to Hobart and other nearby areas.

Educational facilities near Lutana include primary schools such as Bowen Road Primary School and New Town Primary School, catering to the educational needs of young children. For secondary education, students typically attend nearby schools like New Town High School and Ogilvie High School. The region also offers various early childhood education centres, ensuring comprehensive educational opportunities for families. For higher education, residents have access to the University of Tasmania and various vocational training centres in Hobart.

For shopping and essential services, Lutana residents often visit the nearby Glenorchy Central and Northgate Shopping Centre, which offer a variety of retail stores, supermarkets, cafes, and dining options. These centres provide residents with convenient access to everyday needs and more extensive shopping experiences. The Hobart CBD offers additional shopping, dining, and entertainment facilities, easily accessible to Lutana residents.

Lutana offers several recreational activities, with parks and green spaces enhancing the suburb’s appeal. The nearby Prince of Wales Bay and Montrose Bay provide scenic spots for walking, picnicking, and enjoying the natural beauty of the Derwent River. The Queens Domain, located a short distance away, offers further opportunities for outdoor activities, including walking trails, sports facilities, and the Royal Tasmanian Botanical Gardens.

Residents of Lutana benefit from its proximity to Hobart, allowing easy access to the city’s cultural and recreational attractions, including the Tasmanian Museum and Art Gallery, the State Cinema in North Hobart, 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 Mount Wellington and the Derwent Valley.

Lutana combines the tranquillity of suburban living with the convenience of nearby urban amenities, making it an attractive suburb for a diverse range of residents. The suburb’s natural beauty, recreational opportunities, and community atmosphere enhance its appeal as a desirable place to live within the greater Hobart area.

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