Hobart · 7008
Lenah Valley, TAS
listings tightening 4.0% YoY, tight 1.4% vacancy.
NextSuburb scoreTier C
45Average
Median house
$945k
5y growth
6.1%/yr
Gross yield
2.1%
Vacancy
1.4%
Stable entry pointMedium confidence
Eight-signal breakdown
Each signal scored 0–100 against the national distribution. Bars reflect how this suburb sits across the index.
- Capital growth (5y)6.1%/yr61/100
- Population growth+3.1% (5y)31/100
- Supply tightening-4.0% YoY70/100
- Rental yield2.1%42/100
- Rental demand1.4% vacancy65/100
- Income growth+16.0% (5y)64/100
- Construction pipeline$0.0bn nearby0/100
- Affordability37% under cap37/100
Why this score
Lenah Valley scores 45/100 (Average). The two strongest signals: 1.4% vacancy rate and 16.0% income growth. The standout watch-out: gross yield of 2.1% leaves modest cashflow.
Drivers
- Supply tightening-4.0% YoY
- Tight rentals1.4%
- Income growth+16.0% (5y)
- Capital growth6.1%/yr
Risks
- Thin gross yield (2.1%)
Nearest infrastructure
Royal Hobart Hospital — Stage 32.9 km away
Construction · $0.7bn · completion 2026
Construction-stage projects within 10 km lift the suburb’s infrastructure score; projects more than 25 km away barely move it.
Comparable suburbs
Three TAS suburbs in the same budget band with the closest NextSuburb scores.
See the full TAS ranking60-month score history
Backfilled — live history begins May 2026Watch this suburb
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