Originally an area of orchards and small-scale farming, Berriedale transitioned into a residential suburb during the post-WWII housing expansion. The area gained international recognition in 2011 with the opening of the Museum of Old and New Art (MONA) on the site of the former Moorilla Estate.
A suburb of two halves: the prestigious, art-centric peninsula and the established residential hillsides offering expansive views of the Derwent River.
- Proximity to MONA provides unique cultural capital and long-term land value support.
- Exceptional views of the Derwent River and Mount Wellington from elevated blocks.
- Relatively affordable entry point for a suburb within 15 minutes of a capital city CBD.
- Large block sizes (600sqm+) are common, offering potential for renovation or extension.
- Strong rental yields compared to southern Hobart suburbs.
- Noise pollution from the Brooker Highway can affect properties on the western side.
- Significant topography issues; steep blocks can increase building and maintenance costs.
- Limited local shopping and dining options within the suburb boundaries.
- Presence of older social housing stock in adjacent pockets of Chigwell and Claremont.
- Flood risk for properties situated on the eastern side of the highway near the river.
How this suburb feels day-to-day.
Dominant dwelling stock.
Typical entry to ceiling.
Berriedale represents a strategic middle-ground for buyers who are priced out of Moonah and Rosetta but want to remain close to the city with better lifestyle prospects than the outer northern suburbs.
$620k – $880k
$460k – $580k
12-month movement
Current asking rents
Prices have stabilized after the post-pandemic surge, creating a more predictable environment for buyers to negotiate.
Price comparison
Median price ÷ median income
Estimated rental yield
Berriedale offers superior value for money regarding land size and views compared to the Hobart average, though rising interest rates have pressured local borrowing capacity.
Lower = tighter market
Avg time on market
Annual rental increase
Young professionals working in Hobart and families seeking larger yards.
Strong. Low vacancy rates and the suburb's growing reputation make it a safe bet for long-term capital growth and consistent cash flow.
- Ongoing expansion and investment in the MONA precinct.
- Spillover demand from the increasingly expensive Moonah and Rosetta.
- Proposed upgrades to the Northern Suburbs Transit Corridor.
- Increasing popularity of the 'commutable lifestyle' near the Derwent River.
- Economic sensitivity to tourism fluctuations.
- Limited land remaining for new large-scale developments.
- Higher insurance premiums in identified risk zones.
Expect steady outperformance of the Hobart average as gentrification moves further north and the suburb's identity shifts from 'industrial fringe' to 'cultural suburb'.
vs last 12 months
Relative comparison
Check specific street data via the Tasmania Police crime statistics portal; safety varies significantly between the river-side and the highway-side.
Environmental risks are the primary concern, specifically related to the suburb's topography and proximity to the Derwent River.
Low-lying areas near Berriedale Peninsula are subject to inundation overlays in the Glenorchy Planning Scheme.
Properties bordering the hills to the west are within a Bushfire-Prone Area overlay.
Expect higher premiums for properties within 100m of the high-water mark or those with high bushfire BAL ratings.
Bushfire-Prone Areas, Inundation, Landslip (limited areas)
Infill townhouses on larger older blocks along Main Road.
Zoning allows for moderate densification, which is driving the replacement of older single dwellings with modern units.
Reliable bus links to Hobart; easy vehicle access to the Brooker Highway.
Excellent access to MONA and Moorilla; 5-minute drive to Glenorchy CBD for major retail.
Good access to the Intercity Cycleway and local foreshore reserves.
Proximity to Windermere Primary and Claremont College; short drive to private schools in Austins Ferry.
Close to the Glenorchy Health Centre and 15 minutes from the Royal Hobart Hospital.
A diversifying population with a growing percentage of professional couples and young families replacing the older demographic.
The rising median income and owner-occupancy rate are classic indicators of a suburb in the middle stages of gentrification.
Development is centered on tourism infrastructure and residential infill.
- MONA hotel and ferry terminal expansions.
- Upgrades to the Intercity Cycleway improving non-car connectivity.
- State government focus on the Northern Suburbs Transit Corridor.
- Increased traffic congestion on Main Road during peak events.
- Loss of 'backyard' character due to high-density townhouse infill.
Residents value the suburb for its quiet streets and stunning views, though some express concern over the pace of townhouse development and highway noise.
We bought here for the river views we couldn't afford elsewhere. It's changed so much since MONA arrived.
The 15-minute drive to the city is a winner, but I wish there were more cafes within walking distance.
I've never had a vacancy longer than a week. Tenants love being close to the highway and the museum.
Too many units being built on small blocks now. It's losing the old garden feel.
Living in the shadow of MONA is inspiring. The creative energy in Berriedale is unique for Hobart.
Mostly quiet, but you do get some hoons on the main road at night. Parks are great though.
- Prioritize properties on the eastern (river) side of the Brooker Highway for better capital growth.
- Check for 'Landslip' and 'Inundation' overlays in the Glenorchy Council planning maps before offering.
- Look for older homes with solid 'bones' that can be renovated to capture river views.
- Be prepared for steep driveways; factor in the cost of retaining walls and drainage.
- Negotiate harder on properties with significant highway noise exposure.
- Verify if the property is within the MONA 'Noise Buffer' zone for events.
- Is this property located within a flood or inundation overlay?
- What is the Bushfire Attack Level (BAL) rating for this home?
- Are there any known issues with land stability or landslip on this street?
- Has the property been affected by noise from MONA events or the Brooker Highway?
- What are the development restrictions regarding the construction of a second dwelling?
- Are there any easements on the block that would prevent future extensions?
- What is the current school catchment for this specific address?
- How does the local crime rate on this street compare to the suburb average?
- Highlight Mount Wellington and Derwent River views in all marketing photography.
- Ensure gardens are tidy; 'curb appeal' is vital in a suburb with many older weatherboards.
- Provide a pre-sale building report to alleviate concerns about older foundations on hilly terrain.
- Target young professionals by emphasizing the short commute to Hobart CBD.
- Position the property as a 'lifestyle choice' near the MONA cultural precinct.
Position the home as a strategic entry into Hobart's most culturally significant northern suburb, emphasizing the balance of lifestyle, views, and proximity to the city.
High-yield potential with strong capital growth prospects due to gentrification.
Topography-related maintenance costs and environmental overlays.
- Target 3-bedroom houses on 600sqm+ blocks.
- Look for properties with dual-occupancy potential (STCA).
- Focus on the pocket between Rosetta and MONA.
- Ensure the property has heat pumps installed, as this is a high priority for TAS renters.
- Look for properties with off-street parking, as some streets are narrow and steep.
- Check the proximity to bus stops on Main Road if you don't drive.
- Ask about heating costs; older Hobart homes can be expensive to warm.
Quiet residential feel with easy access to the city and the river.
Limited late-night food options and hilly walks to public transport.
- Regularly clear gutters and maintain vegetation to manage bushfire risk.
- Invest in quality insulation to meet Tasmanian rental standards.
- Consider long-term leases for families to ensure stability.
Must adhere to the Residential Tenancy Act 1997 (TAS) and Minimum Housing Standards.
- The 'MONA effect' is a real driver for interstate buyers.
- Properties with views sell 15-20% faster than those without.
- Buyers are increasingly wary of flood-prone areas near the river.
Art, Culture, and the River: Your gateway to the new Hobart.
First home buyers, young families, and interstate investors seeking value.
This report is based on data available as of March 2026 and is intended for informational purposes only. It does not constitute financial or legal advice. Buyers should conduct their own independent research and consult with professionals before making any property purchase.
