Mornington
Mornington is a quiet, well-connected residential suburb located just 7 km north-east of Hobart’s CBD, within the City of Clarence. With a population of around 2,500, it offers a peaceful, family-friendly atmosphere and a blend of suburban comfort and urban convenience that appeals to families, first-home buyers, and investors alike. Well-serviced by public transport and adjacent to the Tasman Highway, Mornington provides quick access to Hobart’s city centre and Hobart International Airport. Residents enjoy proximity to major retail hubs like Eastlands Shopping Centre, as well as local parks, schools, and recreational facilities that support a relaxed, community-focused lifestyle. Waverley Flora Park, located nearby, is a local favourite for walking, mountain biking, and enjoying native bushland right on the suburb's doorstep. Mornington is also home to the Skill Centre at Takari Place, set within the grounds of the Hobart Regional Nursery. Surrounded by landscaped gardens, it offers a tranquil, green setting for learning and community activities—conveniently close to Hobart yet removed from the city’s hustle and bustle. The suburb is known for its affordability, practical location, and strong sense of community, making it a consistently attractive place to live.
Mornington's Purchasing Demographic
Mornington’s purchasing demographic is primarily made up of younger families, first-home buyers, and value-driven investors. With a median age of 36—below the state average—the suburb attracts a mix of early-career professionals and young couples seeking affordable housing close to Hobart. Owner-occupiers make up the majority, with around 65% of homes owned either outright or with a mortgage, though the rental market also remains active, appealing to investors due to consistent tenant demand. The area’s mix of affordable detached homes, proximity to transport links and retail amenities, and a strong sense of community all contribute to its appeal among budget-conscious buyers looking for long-term growth.
Mornington's Real Estate
Market Trend
According to data from the Real Estate Institute of Tasmania (REIT), Mornington's property market has seen significant movement in recent years. In 2020, the median house price was $437,000, rising sharply to $653,000 by 2022. This growth reflected a state wide trend driven by strong demand and low interest rates during the pandemic. However, like many areas across Tasmania, Mornington experienced a market correction following the surge, with median house prices declining by approximately 15%. By late 2024, Mornington's median house price had adjusted to around $555,000, aligning with broader trends seen across Hobart. Encouragingly, the market has shown signs of stabilisation in early 2025, with modest price increases already being detected, suggesting renewed buyer confidence and a potential return to steady growth.
