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Bridgewater

POSTAL CODE: TAS, 7030
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BRIDGEWATER, 7030 ranks 1985th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 9.65% for property investors.

Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The suburb 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 $460,000.

The downward trend in home prices in BRIDGEWATER, 7030 averaged -1.78% per annum over a 3-year period.

Average weekly rents on listings have reached the $460 mark, reflecting a 5.2% increase in returns based on the current median price in BRIDGEWATER.

An average of 4.08 real estate transactions take place per month in BRIDGEWATER which translates to 49 per annum.

49 properties were sold in BRIDGEWATER in 2016, making it the 44th most active market in TAS based on total real estate transactions.

BRIDGEWATER, 7030 places 24th in Australia based on median property value growth during the quarter.

Surburb overview

Bridgewater, with the postcode 7030, is a suburb located approximately 21 kilometres north of Hobart’s central business district in Tasmania. Known for its strategic location along the River Derwent, Bridgewater offers a blend of residential, commercial, and recreational spaces. The population of Bridgewater is around 7,000 residents, consisting primarily of families, young professionals, and retirees, contributing to a diverse and vibrant community.

Bridgewater falls under the jurisdiction of the Brighton Council, which ensures well-maintained infrastructure and community services. Public transportation is well-served by Metro Tasmania buses, offering regular services to Hobart and surrounding areas, making commuting convenient for residents. Additionally, Bridgewater is easily accessible by road via the Midland Highway and the Bridgewater Bridge, facilitating efficient travel by car.

Educational facilities in Bridgewater include several local schools such as East Derwent Primary School, Bridgewater Primary School, and Jordan River Learning Federation, which caters to students from kindergarten to Year 12. These institutions provide comprehensive educational opportunities for families living in the area.

For shopping and essential services, Bridgewater residents have access to the Green Point Plaza, which features a variety of retail stores, supermarkets, and dining options. The nearby Brighton municipality also offers additional shopping and essential services, ensuring residents have convenient access to everyday needs. For more extensive shopping and services, residents often travel to Hobart or the nearby Glenorchy Central.

Bridgewater offers numerous recreational activities, with several parks and green spaces enhancing the suburb’s appeal. The Bridgewater Parkland is a popular local spot featuring playgrounds, picnic areas, and walking trails along the River Derwent, making it ideal for family outings and outdoor activities. The nearby Jordan River offers opportunities for fishing, kayaking, and other water-based activities.

The Bridgewater Bridge is a notable landmark in the suburb, providing scenic views of the River Derwent and connecting the area with the Midland Highway. The suburb also has various sports facilities, including the Bridgewater Recreation Centre, which offers a range of sporting activities and community events.

Residents of Bridgewater 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 makes it a convenient base for exploring the natural beauty of Tasmania’s southeast coast.

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