Julian Khursigara
Launceston, TAS+14
Hobart · Eastern Suburbs
Cambridge is a sprawling, semi-rural suburb on Hobart's eastern fringe, defined by its proximity to Hobart Airport and a blend of light industrial, commercial, and low-density residential areas. It offers a unique lifestyle with open paddocks and scenic views of kunanyi/Mount Wellington, appealing to those who value space and convenience. The area is transitioning from a purely industrial and transport hub to a popular commuter town with growing residential estates.
Market snapshot
Price register · April 2026
Median house
$725,000 - $975,000
Mid-band $850Kspread 29%
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Create Your Free ProfileLast reviewed 13 May 2026
Median unit
$500,000 - $675,000
Mid-band $588Kspread 30%
Days on market
~15-35 days
Median listing-to-sold window. Shorter = tighter buyer field.
Auction clearance
Private-treaty market
Share of auctions sold. Brisbane skews private-treaty.
Rental yield
3.0% to 4.0%
Gross yield on house stock. Premium suburbs compress.
5-year house-price growth
+12% to +32%
cumulative since 2021Who buys here
Aviation and logistics professionals · Families seeking larger blocks · Commuters wanting space with city access
5-year trend
Modelled trajectory anchored on aggregated 5-year median figures. Indicative; not month-by-month observed data.
Market analysis
The Cambridge property market presents a compelling, albeit complex, picture for potential buyers. Dominated by detached houses on large blocks, the suburb has a median house price of approximately $850,000 as of April 2026. This reflects a steady annual growth rate of around 5.7%, a figure that, while positive, is more moderate compared to the double-digit surges seen in other parts of Hobart in recent years. The market is characterized by low transaction volumes, with only about 20 house sales in the past year, indicating a tightly held community where residents tend to stay long-term. This low supply, coupled with resilient demand, helps to underpin prices. Days on market are relatively low, averaging around 25 days, which suggests that well-priced properties are moving quickly.
The key driver for Cambridge is its unique blend of lifestyle and economic utility. The proximity to Hobart Airport and the surrounding commercial and light industrial zones provides a solid employment base, particularly in logistics, aviation, and retail. This economic activity insulates the local market to some extent from broader downturns. Furthermore, the development of new residential estates is gradually changing the suburb's fabric, attracting families and professionals who are priced out of central Hobart but still desire space and a semi-rural atmosphere within a reasonable commute of the CBD (around 15-20 minutes off-peak).
While house prices have shown consistent growth, the unit market is much smaller and less defined, with very few transactions making it difficult to establish a reliable median price trend. For houses, the rental market is steady, with a rental yield of around 3.5%, which is respectable but lower than some high-yield areas on the West Coast. The investment thesis for Cambridge is less about short-term rental returns and more about long-term capital growth, driven by the suburb's strategic location, ongoing infrastructure development, and its increasing appeal as a lifestyle-oriented commuter hub. Buyers should be aware of the potential for aircraft noise, which is a factor in certain parts of the suburb, and the reliance on private vehicles for transport, although Metro Tasmania bus services are available.
Cambridge offers a unique investment proposition, balancing semi-rural tranquility with the economic engine of Hobart's primary transport and commercial hub.
Why a buyers agent
A buyer's agent is crucial in Cambridge because the property market is highly nuanced and low-volume. With only a handful of sales each month, public data can be thin, making it hard to accurately price a property without deep local knowledge. An experienced agent will have insights into off-market opportunities and a true understanding of value beyond a simple algorithm. They can navigate the diverse pockets of Cambridge, from areas affected by airport noise to quiet, sought-after residential estates. Furthermore, with significant land holdings and development potential, an agent can provide crucial advice on zoning, future infrastructure projects, and the long-term growth trajectory of specific areas, which is information a typical buyer would struggle to uncover on their own.
Situated around Hobart Airport and on the Tasman Highway, Cambridge offers unmatched connectivity for frequent flyers and commuters, with the CBD just a 15-20 minute drive away.
For those seeking a semi-rural lifestyle without sacrificing convenience, Cambridge provides larger blocks, open spaces, and scenic views, a rarity so close to a capital city.
As a growing commercial, retail, and industrial hub for the Eastern Shore, the suburb provides strong local employment opportunities and amenities, underpinning long-term property demand.
Cambridge is perfectly positioned as a gateway to the Coal River Valley wine region, historic Richmond, and the popular southern beaches, offering an exceptional lifestyle for residents.
Compare
| Metric | This suburbCambridge | NearbyBellerive | NearbyHowrah | NearbyLindisfarne |
|---|---|---|---|---|
| Median house | $725,000 - $975,000 | $750,000 - $1.00M | $700,000 - $950,000 | $675,000 - $900,000 |
| Median unit | $500,000 - $675,000 | $550,000 - $750,000 | $550,000 - $750,000 | $525,000 - $725,000 |
| Auction clearance | — | — | — | — |
| Days on market | ~15-35 days | ~10-22 days | ~16-36 days | ~16-38 days |
| Year-on-year growth | +1% to +11% | -2% to +8% | +7% to +17% | -3% to +7% |
| 5-year growth | +12% to +32% | +15% to +35% | +27% to +47% | +26% to +46% |
| Rental yield | 3.0% to 4.0% | 4.0% to 5.0% | 3.9% to 4.9% | 3.7% to 4.7% |
| Postcode | 7170 | 7018 | 7018 | 7015 |
Snapshot date varies by suburb; see individual suburb pages for figures.
The place
Cambridge is a key suburb on Hobart's Eastern Shore, located about 15 kilometres from the CBD in the City of Clarence. Its character is a mix of semi-rural living, with large properties and open fields, alongside significant commercial and transport infrastructure, most notably Hobart International Airport. This blend creates a unique environment where residents can enjoy a sense of space while having employment and amenities close by.
For families, Cambridge Primary School is located within the suburb. Further schooling options are available in adjacent suburbs. Shopping needs are met by The Cambridge Centre, a major retail hub featuring a variety of big-box stores and specialty shops. For more extensive options, the Eastlands Shopping Centre in nearby Rosny Park is a short drive away.
Transport is a defining feature of the area. The Tasman Highway provides a direct and efficient road link to the Hobart CBD, with a typical off-peak commute of 15-20 minutes. While a car is generally necessary, Metro Tasmania provides bus services connecting Cambridge to Hobart and surrounding suburbs. There is no passenger rail service.
The suburb is not without green spaces, with 9 parks covering a significant portion of its area, offering residents opportunities for recreation. Its strategic location also provides easy access to the Coal River Valley wine region and the popular beaches of the Southern Beaches area, such as Seven Mile Beach, making it a convenient base for exploring some of Tasmania's premier lifestyle attractions.
Frequently asked
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The 5-year trajectory is a modelled curve anchored on the documented cumulative growth rate. Editorial review: 13 May 2026. Updated quarterly.
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