35 Springfield Avenue, Moonah TAS 7009
35 Springfield Avenue, Moonah TAS 7009
1965 build | 3 bed + study | 561m² flat yard | leased to 2026 | flood overlay
This property presents a competitively strong offering for a first home buyer or investor, given its large, usable block, dual living zones, and immediate rental income. The flat, fully-fenced yard with fruit trees and outbuildings is a rare and functional asset in Moonah, serving families seeking space or investors securing stable yield. Its updated kitchen and generous storage align with modern expectations, while the tenancy provides instant cash flow.
The primary decision point is the flood overlay, which necessitates specific due diligence for insurance costs and future resale liquidity. The 2021 sale at $665,000, against a current guide starting at $639,000, suggests a potential value adjustment; however, the reliable rental demand at a 4.4% suburb yield supports a hold strategy. Proceed with a conditional building and pest inspection, and verify flood implications, to secure a long-term family home or a low-maintenance investment.
Market Insight:
Moonah presents as a resilient, value-oriented suburb within Hobart’s tightening market, attracting buyers seeking relative affordability. Demand is underpinned by lifestyle appeal and critically low housing supply, which supports capital growth despite broader affordability pressures. Recent price trends show a market in recovery, having cooled from previous peaks but now demonstrating renewed momentum as buyer confidence returns. Future growth is driven by the sustained supply deficit, yet the market remains sensitive to interest rates and local income constraints.