Featured
5/40 Second Avenue WEST MOONAH
6% Return "Perfect Opportunity"
For Sale
$299,000+
Nest Property Hobart
1 to 1 out of 1 properties
West Moonah is a vibrant, well-connected suburb just a short drive from Hobart’s CBD, prized for its elevated views, leafy streets, and strong sense of community. Offering a mix of classic weatherboard homes, renovated properties, and modern units, West Moonah appeals to families, professionals, and investors alike. With easy access to nearby shopping centres, schools, parks, and public transport, it strikes the perfect balance between convenience and comfort. Discover lifestyle and opportunity in West Moonah with Nest Property.
West Moonah property market
West Moonah, located just 10 minutes northwest of Hobart’s CBD, continues to offer a compelling mix of affordability, convenience, and solid investment potential. Known for its elevated views, family-friendly atmosphere, and proximity to major shopping hubs like Glenorchy and New Town, the suburb remains a popular choice for both homeowners and investors. In the past month, West Moonah saw 13 properties available for rent and 22 properties listed for sale, reflecting a balanced level of market activity.
Over the past year, median property prices have shown strong demand in the area. Houses in West Moonah are selling at a median price of approximately $660,000, while units remain more accessible, with a median price of around $475,000. This pricing positions West Moonah as a competitive option for buyers looking to enter the market or invest in a well-connected, fast-growing suburb.
For investors, West Moonah presents appealing rental returns. Houses are currently renting for about $550 per week, delivering a gross rental yield of 5.1% per annum, while units are achieving rents of $450 per week, resulting in a yield of 5.4%. These yields are particularly attractive for investors seeking consistent rental income in a suburb with ongoing tenant demand and relatively low vacancy rates.
In terms of capital growth, West Moonah has delivered a strong compound annual growth rate (CAGR) of 5.9% for houses over the past year, reflecting steady appreciation and buyer confidence in the area. Units, however, have seen a slight decline, with a CAGR of -3.1%, possibly due to shifting buyer preferences or greater demand for standalone homes with land.
Overall, West Moonah continues to grow in popularity, offering a well-rounded package of lifestyle, location, and investment appeal. With its mix of established homes, redevelopment potential, and proximity to schools, parks, and public transport, it remains a suburb to watch for those seeking both short-term rental performance and long-term capital growth.
Market trends
View median property prices* in West Moonah to get a better understanding of local market trends.
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*Data based on sales within the 12 months to July 2025.