Nest Property Hobart
03 6224 2004
03 6224 2004

Property CityCLARENDON VALE

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Clarendon Vale is a rural-residential suburb located approximately 10 km southeast of Rosny Park on Hobart’s Eastern Shore. Known for its close-knit, family-oriented atmosphere, the area provides  access to local schools, parks, and recreational spaces, including the nearby Rokeby Hills. With a mix of housing styles, open spaces, and improving community amenities, it offers a welcoming lifestyle for those seeking affordability and convenient access to Hobart’s urban centers.

Clarendon Vale property market

Clarendon Vale, situated on Hobart’s eastern shore, has emerged as one of the city’s fastest-growing suburbs in recent years, attracting investors, first-home buyers, and families seeking affordability with strong growth potential. Located just 20 minutes from the CBD and close to shopping, schools, and transport links, the suburb offers convenience alongside improving infrastructure and amenities. Last month, the market recorded 4 properties available for rent and 6 properties listed for sale, highlighting steady but limited supply.

Over the past year, houses in Clarendon Vale have sold at a median price of approximately $465,000, making it one of the more affordable suburbs in the Greater Hobart area. The housing stock primarily consists of freestanding family homes on generous blocks, many of which have undergone recent renovations, further boosting the area’s appeal.

For investors, Clarendon Vale offers excellent rental returns. Houses rent for around $482 per week, generating a gross rental yield of 5.6% per annum—a strong figure for a metropolitan location so close to the city. Ongoing tenant demand, driven by affordability and accessibility, underpins this performance.

Perhaps most impressively, Clarendon Vale has recorded an outstanding compound annual growth rate (CAGR) of 19.2% for houses over the past year. This exceptional growth reflects both the suburb’s transformation and increasing buyer confidence, as neighbouring areas become more expensive and demand for affordable housing rises.

With its combination of low entry prices, high yields, and remarkable recent growth, Clarendon Vale stands out as a top performer in the Hobart property market. For buyers and investors looking for a suburb with momentum, affordability, and long-term potential, Clarendon Vale offers a compelling opportunity.

Market trends

View median property prices* in Clarendon Vale to get a better understanding of local market trends.

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*Data based on sales within the 12 months to August 2025.

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