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Old Beach

POSTAL CODE: TAS, 7017
HOUSE

Based on its average 5-year and quarterly capital gains OLD BEACH, 7017 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 OLD BEACH, 7017 obtained a 8.07% growth over a ten-year period. It ranks 1165th on our list of suburbs that property investors should look into.

OLD BEACH, 7017 in TAS belongs to the local government area of Brighton.

OLD BEACH, 7017 has a capital gain of 0.7% for the past year, which is lower than average compared to its 45.45% growth within a five-year period.

With the median home price in OLD BEACH sitting at $720,000, and the average rent at $580, property owners could potentially earn a 4.19% increase in gross rental yield.

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

Surburb overview

Old Beach, with the postcode 7017, is a picturesque suburb located approximately 20 kilometres north of Hobart’s central business district in Tasmania. Nestled along the eastern shore of the Derwent River, Old Beach is known for its serene environment, stunning water views, and family-friendly atmosphere. The population of Old Beach is around 3,500 residents, comprising a mix of families, professionals, and retirees who appreciate the suburb’s tranquil setting and close-knit community.

Old Beach falls under the jurisdiction of the Brighton Council, which ensures well-maintained infrastructure and community services. Public transportation is available, with Metro Tasmania buses providing regular services to Hobart’s CBD and surrounding areas, making commuting convenient for residents. The suburb is also easily accessible by car via the East Derwent Highway, facilitating straightforward travel to Hobart and other nearby areas.

Educational facilities near Old Beach include Gagebrook Primary School and Brighton Primary School, catering to the educational needs of young children. For secondary education, students typically attend nearby schools such as Jordan River Learning Federation Senior 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.

Old Beach residents often visit the nearby Brighton and Bridgewater shopping centres, which offer a variety of retail stores, supermarkets, cafes, and dining options. These centres provide residents with convenient access to everyday needs. For more extensive shopping and services, residents often travel to Hobart.

The Old Beach Foreshore Walk is a popular local spot featuring walking trails along the Derwent River, picnic areas, and playgrounds, making it ideal for family outings and outdoor activities. The nearby Pontville Park offers additional facilities for sports and recreation, including soccer fields, cricket pitches, and an equestrian centre.

The suburb’s location along the Derwent River provides excellent opportunities for water-based activities such as kayaking, fishing, and boating. The picturesque views of the river and surrounding landscapes add to Old Beach’s appeal as a desirable location for both residents and visitors.

Residents of Old Beach 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 Derwent Valley.

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