West Moonah

POSTAL CODE: TAS, 7009
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Based on its average 5-year and quarterly capital gains WEST MOONAH, 7009 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that WEST MOONAH, 7009 obtained a 8.91% growth over a ten-year period. It ranks 573rd on our list of suburbs that property investors should look into.

WEST MOONAH, 7009 in TAS belongs to the local government area of Glenorchy.

WEST MOONAH, 7009 has a capital gain of 3.29% for the past year, which is lower than average compared to its 29.5% growth within a five-year period.

With the median home price in WEST MOONAH sitting at $650,750, and the average rent at $510, property owners could potentially earn a 4.08% increase in gross rental yield.

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

Surburb overview

West Moonah is a suburb located approximately 6 kilometres northwest of the central business district (CBD) of Hobart, Tasmania. This relatively short distance to the CBD allows residents easy access to the city's amenities while enjoying the suburban lifestyle.

West Moonah has a population of around 4,500 residents, according to the latest census data. The demographic composition of the suburb includes a mix of families, young professionals, and retirees, creating a diverse and vibrant community. The area is particularly appealing to families due to its residential nature and community facilities.

The suburb falls under the jurisdiction of the Glenorchy City Council. Public transportation in West Moonah is well-developed, with regular bus services connecting the suburb to Hobart's CBD and other nearby areas. This accessibility is advantageous for those who commute to the city for work or other activities.

West Moonah is well-equipped with various nearby establishments and amenities. Educational facilities in the area include West Moonah Primary School and a range of childcare centres, catering to the needs of families with young children. For shopping and everyday needs, residents have access to the Moonah Central shopping precinct, which features supermarkets, retail stores, and dining options.

Recreational activities and green spaces are abundant in West Moonah. The suburb is home to several parks, including the popular Jim Bacon Reserve, which offers playgrounds, sports facilities, and picnic areas. This park is a favourite among families and fitness enthusiasts. Additionally, the nearby Tolosa Park provides further opportunities for outdoor activities with its walking trails, BBQ facilities, and scenic views.

The community spirit in West Moonah is strong, with various local events and activities organised throughout the year. These events foster a sense of community and provide opportunities for residents to engage and socialise.

West Moonah's blend of suburban tranquillity and urban convenience makes it a desirable location for a range of residents. Its proximity to Hobart's CBD, coupled with the availability of quality schools, shopping centres, and recreational facilities, contributes to its appeal as a prime residential suburb.

 

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