Featured
11/17 Old Main Road BRIDGEWATER
Luxury Living at 17 Old Main Road, Bridgewater
For Rent
$525.00 per week
Nest Property Hobart
1 to 1 out of 1 properties
Bridgewater features affordable housing and is known for its convenience to Hobart via the Bridgewater Bridge. The suburb has seen recent developments, making it an attractive option for first-home buyers and investors. With community facilities and public transport links, Bridgewater is a practical choice for those seeking value and convenience. See what Bridgewater has to offer through Nest Property.
Bridgewater property market
Bridgewater, one of the most affordable suburbs in Greater Hobart, continues to offer strong investment potential, especially for buyers seeking high rental returns and low entry prices. Located approximately 25 minutes north of the Hobart CBD, Bridgewater is a growing residential area with improving infrastructure and strong demand for affordable housing. In the past month, the suburb recorded 21 properties available for rent and 13 properties listed for sale, indicating high rental activity and limited sales stock—a potentially favourable setup for landlords.
Over the past 12 months, houses in Bridgewater have sold at a median price of around $419,000, making it one of the most accessible markets in southern Tasmania. This affordability is driving interest from first-home buyers, investors, and those seeking value in a tightening market.
For property investors, Bridgewater stands out with some of the highest rental yields in the region. Houses currently rent for about $450 per week, delivering a gross rental yield of 6.2% per annum—an excellent return that highlights the strength of the local rental market. Units also perform well, renting for approximately $400 per week, with a yield of 5.6%, making both housing types attractive for investors focused on income-generating assets.
In terms of capital growth, Bridgewater has recorded a compound annual growth rate (CAGR) of 1.0% for houses over the past year. While growth has been modest, the area remains a popular entry point for buyers priced out of more central suburbs, and infrastructure improvements in the broader Brighton municipality may support future appreciation.
Overall, Bridgewater presents a compelling case for investors seeking high yields and affordability in a market with consistent tenant demand. With limited sales listings, improving community services, and growing interest in outer-suburban living, Bridgewater is well positioned for long-term rental success and potential capital growth.
Market trends
View median property prices* in Bridgewater to get a better understanding of local market trends.
Loading
*Data based on sales within the 12 months to July 2025.