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Ridgeway
TAS, 7054 - Hobart

Thinking about buying in Ridgeway? Now could not be a better time, with just 114 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,276,000 with prices in this suburb ranging from $210,000 to $2,883,000. Ridgeway is located fairly close to the coast at just 4Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Household Makeup

Median Weekly Rent $360.00
Median Monthly Mortgage $1500.00
Median Persons Per Bedroom 0.90
Average Household Size 2.00
Average Age 36.00
Average Income $865.00
Average Cars Per Dwelling 1.67
Average Properties Within 50M 2

Housing Stock

Average Property Prices

2 Bed  $788,000
3 Bed  $945,000
4 Bed  $1,634,000
5 Bed  $2,566,000

Ridgeway Real Estate Market Outlook

Consistent high demand relative to supply is a key feature in Ridgeway driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Ridgeway ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Ridgeway classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Ridgeway requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.


Local Schools

Hobart College

Mount Nelson Primary School

South Hobart Primary School

Princes Street Primary School

(While the above schools are located with the suburb of Ridgeway there may also be nearby schools whose catchments cover this suburb)

Local Crime Rate

Incidents Trend State Average

We are currently collecting information for this location.

Ridgeway weather - Average Local Climate by month

(mm)
RAIN
Min (°C)
TEMP
Max (°C)
TEMP
Min (%)
HUMIDITY
Max (%)
HUMIDITY
(m/sec)
WIND
(MJ/sq m)
SOLAR
Jan1.013.623.938.080.45.023.1
Feb1.012.922.442.383.14.518.0
Mar1.212.021.443.584.04.312.8
Apr1.110.018.843.882.94.59.3
May2.07.715.449.884.94.55.9
Jun1.75.813.157.088.14.45.0
Jul1.45.31352.885.24.76.0
Aug2.05.313.749.084.94.88.3
Sept1.67.416.342.484.24.812.5
Oct1.88.518.041.083.44.817.7
Nov1.710.419.840.883.15.020
Dec1.712.021.541.481.44.923.4

source: Australian Government Bureau of Meteorology


Internet Speed

Download 25 Mbps / Upload 5 Mbps

Nearby Suburbs

Tolmans HillFern TreeSouth HobartDynnyrneMount NelsonWest HobartSandy BayKingstonBattery PointTaroona

Public Transport


General Points of Interest

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