Opossum Bay

POSTAL CODE: TAS, 7023
HOUSE

A steady increase in median property prices over a five-year period in the suburb translates to a 55.44% capital gain.

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,500,000.

Profits due to an upward trend in home prices there averaged 18.48% per annum over a 3-year period.

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

Average weekly rents on listings have reached the N/A mark, reflecting a N/A increase in returns based on the current median price in OPOSSUM BAY.

OPOSSUM BAY, 7023 places 3rd in Australia based on median property value growth during the quarter.

Surburb overview

Opossum Bay is a charming coastal suburb located on the South Arm Peninsula, approximately 40 kilometres southeast of Hobart, Tasmania. Known for its stunning beaches, clear waters, and tranquil environment, Opossum Bay offers a serene seaside lifestyle that appeals to nature lovers and those seeking a peaceful retreat from urban life.

The population of Opossum Bay is around 300 residents, according to the most recent census data. The suburb features a diverse demographic mix, including families, retirees, and professionals who appreciate the coastal beauty and relaxed pace of life. The small population fosters a close-knit community where residents enjoy strong connections and a supportive environment.

Opossum Bay falls under the jurisdiction of the Clarence City Council. Public transportation options are limited, so most residents rely on personal vehicles for commuting and travel. The suburb’s remote location means that essential services and amenities are found in nearby towns such as Lauderdale and Rokeby, both of which are easily accessible by road.

In terms of education, Opossum Bay does not have its own schools. The nearest educational institutions are located in Lauderdale and Rokeby, including Lauderdale Primary School and Bayview Secondary College. For shopping and everyday essentials, residents typically travel to Lauderdale or Rokeby, which offer a variety of retail stores, supermarkets, cafes, and restaurants.

Opossum Bay is renowned for its natural beauty and outdoor recreational opportunities. The suburb's beaches are popular for swimming, kayaking, fishing, and beachcombing. The nearby South Arm Conservation Area offers scenic walking trails, birdwatching, and opportunities to explore the unique coastal flora and fauna. The area is also known for its excellent spots for surfing and boating.

The community spirit in Opossum Bay is strong, with various local events and activities organised throughout the year. These events help foster a sense of belonging and provide residents with opportunities to engage and socialise. The suburb’s natural setting and active local groups contribute to a supportive and friendly environment.

Opossum Bay's combination of coastal tranquillity and proximity to Hobart makes it an attractive location for a wide range of residents. Its scenic landscapes, coupled with the availability of quality schools and nearby amenities, enhance its appeal as a desirable residential suburb. The suburb's vibrant community spirit and natural beauty further contribute to its charm and desirability.

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