Nest Property Hobart
03 6224 2004
03 6224 2004

Property CityLENAH VALLEY

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Lenah Valley is a friendly suburb that combines easy access to Hobart’s city centre with the charm of suburban living. Known for its leafy streets, community parks, and excellent schools, it’s a popular choice for families and professionals alike. The area boasts a mix of traditional and contemporary homes, making it adaptable to various tastes and lifestyles. Find your perfect home in Lenah Valley with Nest Property.

Lenah Valley property market

Lenah Valley, a leafy and well-established suburb just northwest of Hobart’s CBD, continues to offer a balanced mix of lifestyle appeal and investment potential. In the past month, the local market saw 11 properties available for rent and 26 properties listed for sale, reflecting a moderate level of activity and a relatively tight supply—particularly in the rental sector.

Over the past 12 months, median property prices in Lenah Valley have remained within reach for many buyers, especially given the suburb’s proximity to the city and natural surrounds. Houses in the area have a current median value of approximately $750,000, while units are more affordable with a median of $555,000. These figures position Lenah Valley as an attractive choice for families, professionals, and downsizers seeking a quiet suburban environment with easy access to central Hobart.

For property investors, Lenah Valley offers solid rental returns, particularly in the unit market. Houses are currently renting for around $620 per week, providing a gross rental yield of 4.2% per annum. Units achieve even stronger performance, renting for an average of $470 per week, which equates to a rental yield of 5.0%—a healthy figure for a suburb with steady demand and quality tenants.

However, recent capital growth trends indicate a cooling in the market. Houses in Lenah Valley have recorded a compound annual growth rate (CAGR) of -2.0% over the past year, while units have experienced a smaller decline of -0.4%. These figures may suggest a short-term market adjustment following previous growth periods and could present an opportunity for buyers to enter the market at a more favourable price point.

Despite recent fluctuations, Lenah Valley continues to be a highly liveable and in-demand suburb. With its mix of character homes, modern developments, green spaces, and local amenities, the area appeals to a wide range of residents. For investors and homebuyers alike, Lenah Valley offers a compelling blend of convenience, lifestyle, and rental stability—making it a suburb to watch for future growth as the broader Hobart market evolves.

Market trends

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

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

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