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Taroona

POSTAL CODE: TAS, 7053
HOUSE

A steady increase in median property prices over a five-year period in the suburb translates to a -14.8% capital gain.

Property investors in TAROONA enjoyed capital gains of 6.15% over the last 12 months translating to lower returns compared with its peers in the territory.

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 $950,000.

Profits due to an downward trend in home prices there averaged -4.93% per annum over a 3-year period.

Home owners selling their properties and realtors in TAROONA usually have to wait an average of 51 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $650 mark, reflecting a 3.56% increase in returns based on the current median price in TAROONA.

TAROONA, 7053 places 122nd in Australia based on median property value growth during the quarter.

Surburb overview

Taroona, a picturesque coastal suburb located approximately 10 kilometres south of Hobart’s central business district, is renowned for its stunning waterfront views, rich history, and strong community spirit. Nestled along the banks of the Derwent River, Taroona offers a serene and scenic living environment with easy access to the amenities of Tasmania’s capital city.

The suburb has a population of around 3,200 residents. The demographic profile includes families, young professionals, and retirees, contributing to a diverse and vibrant community. Taroona’s peaceful atmosphere and range of activities make it an attractive place to live for people of all ages.

Taroona falls under the jurisdiction of the Kingborough Council local government area. Efforts are made to support local businesses, community events, and recreational facilities, ensuring a high quality of life for residents.

Public transportation in Taroona is well-developed, with several bus routes connecting the suburb to Hobart and other neighbouring areas. These services make commuting convenient for residents who work or study in the city. 

Taroona offers a variety of key establishments and amenities. The suburb is home to Taroona Primary School and Taroona High School, both of which are well-regarded educational institutions catering to the needs of local families. These schools provide quality education from kindergarten through to secondary levels, making Taroona an appealing choice for families with children.

Shopping and dining options in Taroona include a range of local shops, cafes, and restaurants that cater to diverse tastes and preferences. For more extensive shopping needs, residents often travel to nearby Sandy Bay or Hobart.

Recreational activities are abundant in Taroona. The suburb’s beautiful beaches, such as Hinsby Beach and Taroona Beach, are popular spots for swimming, fishing, and picnicking. 

Taroona is also home to several parks and reserves, including the Taroona Foreshore Track, which offers scenic walking and cycling paths along the Derwent River. The Alum Cliffs Track is another popular trail, providing breathtaking views of the coastline and opportunities for birdwatching and nature appreciation.

The suburb has several local sports clubs and facilities, including the Taroona Football Club and the Taroona Tennis Club, which foster a strong sense of community and encourage an active lifestyle. The Taroona Community Hall and other local venues host various events, meetings, and social gatherings, enhancing the suburb’s vibrant community life.

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