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Geilston Bay

POSTAL CODE: TAS, 7015
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A steady increase in median property prices over a five-year period in the suburb translates to a 2.67% capital gain.

It 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 $770,000

The augmented property values in the suburb are trailing above the territorial average of 5.58% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $625.

Home owners selling their properties and realtors in GEILSTON BAY usually have to wait an average of 43.7 days days before their assets are lifted off the market.

The TAS suburb ranks 72nd on the list of best yielding suburbs for rental properties in TAS, posting a 4.22% return.

It also places places 127th in Australia based on median property value growth during the quarter.

Surburb overview

Geilston Bay, with the postcode 7015, is a picturesque suburb located approximately 8 kilometres northeast of Hobart’s central business district in Tasmania. Nestled along the western shore of the River Derwent, Geilston Bay offers a blend of suburban tranquillity and easy access to urban amenities. The population of Geilston Bay is around 3,500 residents, consisting mainly of families, professionals, and retirees, contributing to a diverse and vibrant community.

Geilston Bay falls under the jurisdiction of the City of Clarence, 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. The suburb is also easily accessible by road, with major routes connecting it to other parts of Hobart and beyond.

Educational facilities in Geilston Bay include Lindisfarne North Primary School and Geilston Bay High School, catering to the educational needs of families with children from primary through to secondary levels. For higher education, residents have access to nearby institutions such as the University of Tasmania’s Sandy Bay campus and various vocational training centres in Hobart.

For shopping and essential services, Geilston Bay residents often visit the nearby Eastlands Shopping Centre in Rosny Park, which offers a variety of retail stores, supermarkets, cafes, and dining options. The local shops and eateries in Lindisfarne provide additional convenience, while the Hobart CBD offers more extensive shopping, dining, and entertainment facilities.

Geilston Bay offers numerous recreational activities, with several parks and green spaces enhancing the suburb’s appeal. The Geilston Bay Recreational Area is a popular local spot featuring walking trails, picnic areas, and sports fields, making it ideal for family outings and outdoor activities. The nearby Natone Hill Bushland Reserve provides further opportunities for hiking, birdwatching, and enjoying the natural beauty of the area.

The suburb’s location along the River Derwent allows for various water-based activities such as kayaking, fishing, and sailing. The Geilston Bay Boat Club is a focal point for the local boating community, offering facilities and events for water sports enthusiasts.

Residents of Geilston Bay 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 Mount Wellington and the Tasman Peninsula.

Geilston Bay 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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