Montagu Bay

POSTAL CODE: TAS, 7018
HOUSE

MONTAGU BAY, 7018 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 $739,000.

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

MONTAGU BAY now ranks at the th place on a list of fastest growing suburbs in the territory.

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

Because of this real estate investors could earn a rental income of N/A based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In MONTAGU BAY, homes and units usually stay on listing for an average of N/A.

In 2016, 10 properties were sold in MONTAGU BAY during the past year, making it the 175th most active market in TAS based on total real estate transactions.

Surburb overview

Montagu Bay, with the postcode 7018, is a picturesque suburb located approximately 4 kilometres east of Hobart’s central business district in Tasmania. Situated along the eastern shore of the River Derwent, Montagu Bay offers stunning waterfront views, a peaceful residential environment, and convenient access to urban amenities. The population of Montagu Bay is around 2,000 residents, comprising a diverse mix of families, professionals, and retirees who appreciate the suburb’s serene setting and proximity to Hobart.

Montagu 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, 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 Tasman Bridge and Tasman Highway, facilitating straightforward travel to Hobart and other nearby areas.

Educational facilities near Montagu Bay include Montagu Bay Primary School, catering to the educational needs of young children. For secondary education, students typically attend nearby schools such as Rose Bay High School and Clarence 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.

Montagu Bay residents often visit the nearby Eastlands Shopping Centre in Rosny Park, which offers a variety of retail stores, supermarkets, cafes, and dining options. This centre, along with local shops and eateries in Montagu Bay, ensures residents have convenient access to everyday needs. The Hobart CBD offers additional shopping, dining, and entertainment facilities, easily accessible to Montagu Bay residents.

The Montagu Bay Reserve is a popular local spot featuring walking trails, playgrounds, and picnic areas, making it ideal for family outings and outdoor activities. The nearby Rosny Hill Nature Recreation Area offers further opportunities for hiking, birdwatching, and enjoying panoramic views of Hobart and the River Derwent.

Healthcare services in Montagu Bay are well-developed, with several medical clinics and specialists available within the suburb and nearby areas. The suburb’s proximity to the Royal Hobart Hospital ensures residents have access to comprehensive medical care.

Residents of Montagu 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.

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