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31 Stewart Crescent TAROONA
Taroona LAND Sale
For Sale
Offers Over $365,000
Nest Property Hobart
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Taroona is a suburb renowned for its natural beauty, featuring stunning river views and lush green spaces. It appeals to those who value privacy and a peaceful environment, with easy access to quality schools and local amenities. Taroona is perfect for families and individuals looking for a serene yet connected lifestyle. Find your sanctuary in Taroona with Nest Property.
Taroona property market
Taroona, a peaceful coastal suburb just south of Hobart’s CBD, remains one of Greater Hobart’s most picturesque and tightly held locations. Known for its stunning river views, natural bushland, and strong community vibe, Taroona continues to attract families, professionals, and retirees seeking a premium lifestyle setting. In the past month, the local property market recorded 3 properties available for rent and 18 properties listed for sale, indicating low supply and consistent demand in this highly desirable enclave.
Over the last 12 months, median property prices in Taroona have remained at the higher end of the market. Houses in the suburb have a median sold price of approximately $939,000, reflecting Taroona’s status as a premium lifestyle suburb with a reputation for privacy, quality homes, and proximity to Hobart’s best schools and beaches.
For property investors, Taroona offers steady rental returns, albeit with lower yields typical of higher-value suburbs. Houses currently rent for around $640 per week, generating a gross rental yield of approximately 3.8% per annum. While the yield is modest, it is balanced by the suburb’s consistent long-term capital appreciation and appeal to high-quality tenants.
Speaking of capital growth, Taroona has demonstrated resilience and stability in recent years. The suburb has recorded a compound annual growth rate (CAGR) of 2.6% for houses, indicating steady value growth over time. This consistency makes Taroona an appealing choice for long-term investors and owner-occupiers alike, particularly those looking for security and lifestyle rather than rapid gains.
In summary, Taroona remains a premium Hobart suburb, offering a rare blend of coastal living, community atmosphere, and close proximity to the city. With limited rental availability and strong buyer demand, the suburb is well-positioned to maintain its value and desirability well into the future. For buyers or investors seeking a peaceful, high-quality residential location with long-term growth potential, Taroona stands out as a smart and lifestyle-rich choice.
Market trends
View median property prices* in Taroona to get a better understanding of local market trends.
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*Data based on sales within the 12 months to July 2025.