2/9 Evergreen Terrace, Geilston Bay TAS 7015

2/9 Evergreen Terrace, Geilston Bay TAS 7015
2-bed villa | 2-car parking | compact low-maintenance layout | Geilston Bay established pocket | broad buyer appeal A genuine advantage is held in this villa’s configuration, with two bedrooms, one bathroom, and two car spaces in a practical layout. Less upkeep is required without sacrificing parking. The low-maintenance form is well suited to downsizers and first-home buyers seeking an entry point below detached housing. Geilston Bay is positioned as a settled suburb close to Hobart, and the villa format is supported by steady owner-occupier and investor interest. The villa is situated within a mixed neighbourhood where attached stock forms a smaller, more affordable segment than surrounding houses. A flood overlay may be considered when weighing insurance costs and lender appetite, though it has not necessarily been a barrier in this area. Buyer sentiment might be influenced by the broader market cycle, with villa stock holding appeal when detached housing becomes less affordable. The two-car configuration could be viewed as a positive point of difference.
Detailed Independent Property Report prepared  by PropCred Analyst team for 2/9 Evergreen Terrace, Geilston Bay TAS 7015
Checks found:
Value Risk ✕ 2
Liquidity Risk ! 1
Planning Risk ! 1
Income Risk ! 1
Execution Risk ✓
WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat

Market Insight

Geilston Bay, a Greater Hobart suburb with Derwent River frontage and main-road connectivity, is drawing a predominately purchaser-driven market, with 41% of residents buying and steady transaction volumes of 59–64 house sales annually. The median house price sits near $769,000, reflecting 6.1–8.1% yearly growth, though tighter demand is evident in a 20–42 day listing window and a $722k–$875k range by bedroom count. Units present a softer picture: a $595,000 median, a 9.98% rise or a 2.4% decline depending on source, and 42–70 days on market with only 14 sales. Rental demand supports landlords via $620 weekly house rents and 4.2–4.6% gross yields, but affordability is a clear constraint, with weekly household earnings of $1,610 sitting well below what a $769k purchase requires. Future uplift hinges on continued suburban infill, given land sizes from 247m² to 1,256m² and broad price diversity, while slow unit turnover and rate sensitivity pose the main risks.
WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat

PropCred Estimated Value

Comparable Sales: 1/9 Evergreen Terrace sold for $622,000 in April 2026 | Property Price Band: $600K–$700K | Value Drivers: layout, two-car parking, presentation

Bedrooms

2

Bathroom

1

Parking

2

Land

340m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat