Lorna Wang
Dubbo, NSW+27
Hobart · Northern Suburbs
Moonah is a vibrant, multicultural suburb just 5km north of Hobart's CBD. Once an industrial hub, it has transformed into a dynamic residential and commercial area known for its affordability and lively atmosphere. Its central artery, Main Road, is lined with a diverse mix of shops, international grocers, and a burgeoning cafe and restaurant scene, reflecting the suburb's gentrifying character.
Market snapshot
Price register · April 2026
Median house
$575,000 - $775,000
Mid-band $675Kspread 30%
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Median unit
$400,000 - $525,000
Mid-band $463Kspread 27%
Days on market
~10-22 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
4.4% to 5.4%
Gross yield on house stock. Premium suburbs compress.
5-year house-price growth
+19% to +39%
cumulative since 2021Who buys here
First-home buyers · Young professionals · Property investors
5-year trend
Modelled trajectory anchored on aggregated 5-year median figures. Indicative; not month-by-month observed data.
Market analysis
The Moonah property market presents a compelling case study in resilience and affordability-driven demand within the broader Hobart context. As of April 2026, the median house price stands at $669,250, reflecting a solid 5.4% year-on-year growth. This upward trajectory is particularly noteworthy when viewed against the backdrop of a cooling national market, highlighting Moonah's strong local drivers. The unit market, with a median of $462,000, has seen a slight annual dip of -0.9%, suggesting a potential affordability ceiling or a shift in buyer preference towards houses.
Supply and demand dynamics in Moonah are tight. Properties are sold quickly, with average days on market for houses sitting at a swift 16 days. This is indicative of robust buyer interest, particularly from first-home buyers and investors who are drawn to the suburb's relative affordability compared to inner-Hobart. The rental market is similarly strained, with a vacancy rate well below 1% and strong rental yields of 4.9% for houses and 5.2% for units. This makes the suburb a prime target for investors seeking reliable income streams and low vacancy risk.
The market's recent movement is driven by a flight to value. As borrowing capacities tighten, buyers are increasingly looking to suburbs like Moonah that offer a blend of lifestyle, amenity, and a more accessible price point without sacrificing proximity to the CBD. The suburb's ongoing gentrification, with its expanding cafe culture and retail strip along Main Road, adds to its appeal and underpins value growth. While the broader Tasmanian market has experienced periods of both boom and correction, Moonah has demonstrated a 'strong resilience', outperforming many other Hobart suburbs during periods of stagnation. Looking ahead, while the frenetic pace of growth seen in previous years may moderate, Moonah's fundamentals—tight supply, strong rental demand, relative affordability, and improving local infrastructure—position it for stable, sustainable growth.
Moonah offers a rare blend of affordability, strong rental yields, and lifestyle appeal, making it a standout performer in the Hobart market.
Why a buyers agent
Navigating the Moonah market requires a nuanced understanding that goes beyond median price data. It's a suburb in transition, with significant variation in housing stock, from original 1950s weatherboards to modern townhouses and units. An expert buyer's agent can identify the pockets of the suburb poised for the best capital growth and steer clients away from less desirable areas. They possess an intimate knowledge of street-by-street value, understanding the premium attached to proximity to Main Road's amenities versus the quieter residential streets. Furthermore, in a market with low inventory and short days-on-market, having an agent with established local relationships provides a critical advantage, offering access to off-market opportunities and the ability to act decisively when a quality property becomes available. For an investor, an agent's insights into rental demand for specific property types can be the difference between a high-performing asset and a costly vacancy.
Compared to inner-city Hobart suburbs, Moonah offers a more accessible entry point to the property market for both first-home buyers and investors, without compromising on proximity to the CBD.
With high rental yields, extremely low vacancy rates, and consistent capital growth, Moonah represents a robust investment opportunity with reliable returns and a strong tenant pool.
The suburb boasts a thriving retail and dining precinct on Main Road, excellent public transport links, and local parks, providing a convenient and engaging lifestyle for residents.
As a gentrifying suburb with tight housing supply and increasing demand, Moonah is well-positioned for continued long-term growth as buyers seek value and convenience in the Hobart market.
Compare
| Metric | This suburbMoonah | NearbyGlenorchy | NearbyLenah Valley | NearbyNew Town |
|---|---|---|---|---|
| Median house | $575,000 - $775,000 | $550,000 - $725,000 | $700,000 - $950,000 | $750,000 - $1.00M |
| Median unit | $400,000 - $525,000 | $425,000 - $575,000 | $450,000 - $600,000 | $375,000 - $525,000 |
| Auction clearance | — | — | — | — |
| Days on market | ~10-22 days | ~14-34 days | ~16-38 days | ~16-36 days |
| Year-on-year growth | +0% to +10% | +0% to +10% | +6% to +16% | -4% to +6% |
| 5-year growth | +19% to +39% | +23% to +43% | +12% to +32% | +14% to +34% |
| Rental yield | 4.4% to 5.4% | 4.3% to 5.3% | 3.7% to 4.7% | 3.4% to 4.4% |
| Postcode | 7009 | 7010 | 7008 | 7008 |
Snapshot date varies by suburb; see individual suburb pages for figures.
The place
Located just five kilometres north of Hobart's city centre, Moonah is a suburb that blends urban convenience with a distinct community feel. Its history as a working-class and industrial area has given way to a vibrant, multicultural identity, making it one of Hobart's most dynamic and evolving neighbourhoods.
The suburb's main thoroughfare, Main Road, is the bustling heart of Moonah, offering a diverse array of amenities. Residents have access to major supermarkets, specialty grocers, and a host of independent retailers. The dining scene is a major drawcard, featuring a wide range of cuisines from authentic Vietnamese eateries to modern Australian cafes and classic pubs.
Families are well-catered for with several schooling options. These include the government-run Bowen Road Primary School and St Therese's Catholic School, a primary school (K-6) located on Hopkins Street. For secondary students, the suburb is conveniently located near campuses like Guilford Young College.
Transport is a key advantage. The Metro Tasmania 'Turn Up and GO' bus service runs frequently along Main Road, providing a direct and rapid 10-15 minute commute to the Hobart CBD. The popular Intercity Cycleway also runs through the suburb, offering a safe and scenic route for cyclists and pedestrians.
For recreation, residents can enjoy several local parks, including Benjafield Park, which provides green space for relaxation and community events. The suburb's mix of character-filled older homes and newer developments, combined with its rich amenity and excellent transport links, makes it a highly desirable location for a wide range of buyers.
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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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