Lutana, nestled along the Derwent River, offers spectacular views and a mix of housing styles, from post-war homes to modern builds. Its proximity to central Hobart makes it a desirable location for commuters and families alike. The suburb’s convenient location and affordable housing options make it an attractive place for first-time home buyers and investors. Discover the charm of Lutana with Nest Property.
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Lutana property market
Lutana, a well-positioned suburb just 10 minutes north of Hobart’s CBD, continues to grow in popularity among first-home buyers, investors, and families seeking value and convenience.
Over the past month, the local market saw 6 properties available for rent and 17 properties listed for sale, indicating consistent demand in both the rental and sales markets.
Over the last 12 months, median property prices in Lutana reflect its steady growth and growing buyer appeal. Houses have a median price of approximately $608,250, while units sit at around $521,000, making the suburb an attractive and affordable alternative to inner-Hobart areas. With a mix of older homes, renovated dwellings, and newer developments, Lutana caters to a broad spectrum of buyers and renters.
For investors, Lutana presents solid returns. Houses typically rent for around $565 per week, generating a gross rental yield of 5.2% per annum. Units are also performing strongly, with weekly rents of approximately $440 and a yield of 5.6%, making them particularly appealing for those seeking high-yield investment properties with relatively low entry points.
In terms of capital growth, Lutana has delivered a compound annual growth rate (CAGR) of 1.5% for houses, showing steady performance in recent years. More notably, units have recorded exceptional growth, with a CAGR of 20.5%, reflecting rising demand for low-maintenance, well-located properties in the current market.
Overall, Lutana is a suburb on the rise—offering a compelling mix of affordability, rental demand, and long-term growth potential. With its convenient location, improving infrastructure, and strong rental yields, it continues to attract attention from investors and homeowners alike seeking a foothold in the Greater Hobart property market.
Market trends
View median property prices* in Lutana to get a better understanding of local market trends.
*Data based on sales within the 12 months to July 2025.