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Moonah vs Bellerive vs Punchbowl — which is best for rental demand?

Same eight metrics, scored against the same benchmark, ranked against a $900kbudget. Look for where one suburb is materially ahead — that's the dimension that should sway your call.

  1. Moonah

    TAS · 7009
    47Average
    Median
    $685k
    5y growth
    7.4%/yr
    GrowthStable entry point

  2. Bellerive

    TAS · 7018
    43Below trend
    Median
    $845k
    5y growth
    6.3%/yr
    BalancedStable but fully priced

  3. Punchbowl

    TAS · 7249
    44Below trend
    Median
    $565k
    5y growth
    6.3%/yr
    BalancedStable entry point

Metric breakdown

Each row scores 0–100 against a fixed benchmark. The leader on each row is highlighted.

Metric · weight
Moonah
Bellerive
Punchbowl
Capital growth (5y)
weight 22%
747.4%/yr
636.3%/yr
636.3%/yr
Rental yield
weight 13%
502.5%
442.2%
512.6%
Rental demand
weight 10%
681.3%
681.3%
551.8%
Population growth
weight 12%
313.1%
313.1%
313.1%
Income growth
weight 12%
5213.0%
5614.0%
5213.0%
Construction pipeline
weight 15%
0–
0$0.0bn
0–
Affordability
weight 8%
2424% under cap
66% under cap
3737% under cap
Supply tightening
weight 8%
70-4.0% YoY
75-5.0% YoY
60-2.0% YoY

Winner per dimension

Where each suburb leads the field, with the count of dimensions won.

  1. Moonah

    1/8
    • Capital growth (5y)

  2. Bellerive

    3/8
    • Income growth
    • Construction pipeline
    • Supply tightening

  3. Punchbowl

    2/8
    • Rental yield
    • Affordability

Why Moonah

Stable entry point

7.4%/yr capital growth, listings tightening 4.0% YoY.

Drivers
  • Capital growth7.4%/yr
  • Supply tightening-4.0% YoY
  • Tight rentals1.3%
Risks
  • No major construction project in this state

Construction ·Royal Hobart Hospital — Stage 34.5 kmConstruction · 2026

Why Bellerive

Stable but fully priced

listings tightening 5.0% YoY, tight 1.3% vacancy.

Drivers
  • Supply tightening-5.0% YoY
  • Tight rentals1.3%
  • Capital growth6.3%/yr
Risks
  • At top of budget (94% of cap)
  • Thin gross yield (2.2%)

Construction ·Macquarie Point Stadium2.9 kmPlanned · 2029

Why Punchbowl

Stable entry point

6.3%/yr capital growth, tight 1.8% vacancy.

Drivers
  • Capital growth6.3%/yr
  • Supply tightening-2.0% YoY
Risks
  • No major construction project in this state

Construction ·UTAS Launceston Inveresk Campus5.4 kmRecently completed · 2024