Hobart suburbs homeowners never want to leave

People buy here and then never want to sell. Picture: Supplied

There are a bunch of greater Hobart suburbs where people do not buy and sell houses quickly — but one sits head and shoulders above the rest.

Realestate.com.au data shows Seven Mile Beach on the Eastern Shore is Hobart’s most tightly-held suburb.

On average, property owners hold onto their homes for 14.5 years. The next longest average was in Montrose at 13 years, Tranmere 12.4 years, Lutana 11.9 years and Bellerive 11.6 years.

These figures come as little surprise to EIS Property senior consultant Deb Stephens, who has seen a pattern of long ownership times in her listings in Seven Mile Beach.

Ms Stephens said a number of her recent vendors had owned their beach homes for decades. “One of my vendors had lived at their property for 25 years, and another about the same,” she said.

“They raised their families there.

A handful of blocks are available to buy at Saltwater Rise, Seven Mile Beach.

“The last three times I sold in this suburb, the owners were moving interstate. They are not moving because they like another area in Hobart.

“Lifestyle, family proximity and weather tend to be the drawcards for an interstate move.

“When Seven Mile Beach homeowners sell, it seems they do so reluctantly.

“My last few sales have been to people who didn’t live in this suburb but wanted to. It’s particularly popular with young families.”

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An aerial view of the newly opened Seven Mile Beach golf course.

Summertime fun in the sun.

Ms Stephens said a big part of the Seven Mile Beach appeal is the “sense of community.”

“It is a place that people want to be,” she said.

“And it is a very family-friendly suburb with a relaxed, beachside lifestyle.

“Seven Mile Beach is flat, safe, and traffic drives slowly. Children can ride their bikes to the park, to see friends and to the beach.”

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SOLD: No.28 Sunways Ave, Seven Mile Beach.

TOP SALE: No.59 Seven Mile Beach Rd set a suburb record price last year at $1.81m.

Ms Stephens recently listed No.28 Sunways Ave for sale and was inundated with inquiries.

“We received four offers and the property was under offer within one week,” she said.

“For properties priced below $1m in this area, there’s a bit of a shortage.

“But Seven Mile Beach is always popular.’

In a realestate.com.au article, economist Anne Flaherty said the most tightly held suburbs tend to be those that appeal to a wide range of different people, from young families to retirees, and are often located in the middle and outer suburban rings.

She said they tend to have excellent amenities, such as schools and shops, as well as lifestyle attributes such as parks or being close by the water.

“For buyers looking to move into these tightly held suburbs, opportunities are scarce, and there’s often high levels of competition,” Ms Flaherty said.

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