Taroona
Taroona is a picturesque residential suburb located just 15 minutes south of Hobart, Tasmania, along the scenic route between Hobart and Kingston. While it lies on the edge of the City of Hobart, it is part of the Kingborough municipality. The suburb is bordered to the east by the Derwent River, offering residents stunning waterfront views and access to several beaches, including Taroona Beach, Hinsby Beach, and Dixons Beach. Beyond Hinsby Beach, the Alum Cliffs rise to form a dramatic coastline, continuing to the neighbouring suburb of Bonnet Hill. The coastal environment is one of Taroona’s defining features, with three safe, sandy beaches and a popular shoreline track for walking and cycling. The Taroona Community Hall and the Truganini Walking Track further enhance the area's sense of community and outdoor lifestyle. The track, which begins at the municipal boundary’s big bend, leads to the historic Mt Nelson Signal Station, offering sweeping views of Hobart and the Derwent Estuary. Additionally, Taroona is home to the University of Tasmania’s Institute for Marine and Antarctic Studies (IMAS), a globally renowned research facility. The Taroona Park Community Use Area includes a variety of amenities such as a hall, cottage, playground, skate park, dog exercise area, scout hall, and neighbourhood garden, making it a vibrant and beautiful place to live.
Taroona's Purchasing Demographic
Taroona’s purchasing demographic is primarily composed of families, professionals, and retirees who value a coastal urban lifestyle with easy access to both natural beauty and urban amenities. The suburb’s picturesque waterfront, with its safe beaches and outdoor activities like walking and cycling, appeals to those seeking a relaxed yet active lifestyle. Reputable schools such as Taroona Primary and Taroona High further enhance its appeal to families. The suburb's close proximity to Hobart, just 15 minutes away, makes it an attractive choice for professionals working in the city who prefer a quieter, suburban environment. Additionally, retirees are drawn to the peaceful surroundings and stunning views of the Derwent River, offering a tranquil place to live. The community-centric amenities, including parks, walking tracks, and family-friendly spaces, also make Taroona a desirable location for those looking to raise children or enjoy a comfortable, connected lifestyle.
Taroona's Suburb Market Trends
The real estate market in Taroona, Tasmania, has seen notable fluctuations over the past few years, reflecting both the broader market trends and local dynamics. In 2020, the median house price stood at $790,000, according to the Real Estate Institute of Tasmania (REIT). The following year, in 2021, Taroona saw a strong price increase, reaching $950,000, as the market experienced a surge during the pandemic. This upward trajectory continued into 2022, with the median house price peaking at $1,150,000 as demand for property reached its height.
However, like much of Tasmania, Taroona experienced a price correction in 2023, with the median dropping to $933,500. This decline was slightly more than the state-wide average of. By the end of 2024, the market had stabilised at $875,000, as buyers and sellers adjusted to the new conditions post-peak. As we move into 2025, the market is showing signs of recovery and stability, with February’s median house price sitting at $895,000, indicating a small but steady upturn. These price movements reflect Taroona’s resilience in the face of broader market shifts, offering a positive outlook for the near future.
