Mount Stuart is a scenic inner-Hobart suburb perched on a ridge extending from Knocklofty, offering sweeping vistas across the Derwent River and city skyline. Its leafy streets are lined with a mix of charming older homes and thoughtful modern builds, creating a harmonious blend of character and freshness. Residents enjoy easy access to Hobart’s heart while benefiting from abundant walking trails, including those into nearby bushland reserves, perfect for nature lovers. Anchored by its strong community spirit, the area features a well-regarded primary school, a lively community hall, and local parks—including a lookout with panoramic views. With its elevated outlook, walkable green spaces, and connected-but-quiet vibe, Mount Stuart strikes a refined balance between urban comfort and peaceful hillside living.
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Mount Stuart property market
The Mount Stuart property market last month recorded 7 properties available for rent and 12 for sale. Over the past year, median property prices ranged from $920,000 for houses to $455,750 for units. For investors, houses in the suburb rent for approximately $620 per week with an annual rental yield of 4.3%, while units return around $437 per week with a yield of 4.6%. During the same period, Mount Stuart has experienced an annual compound growth rate of -4.2% for houses and -18.0% for units.
Nestled just minutes from the Hobart CBD, Mount Stuart is known for its elevated position, leafy streets, and sweeping views of the city and river. The suburb offers a quiet, family-friendly environment while remaining close to schools, parks, and local amenities, making it a sought-after area for both homeowners and investors. Its convenient location and community-focused atmosphere continue to add to its appeal as a desirable place to live.
Market trends
View median property prices* in Mount Stuart to get a better understanding of local market trends.
*Data based on sales within the 12 months to August 2025.