23 Highfield Street, Moonah, Tas 7009
$1,045,000+ price range
4 2 6
Open Saturday 24 October 9:45 amOriginally an agricultural area known for orchards and dairy, Moonah transformed into a primary residential and industrial hub for Hobart during the early to mid-20th century. The suburb saw a significant boom in the 1940s with post-war housing commissions and private developments.
Today, Moonah is a multicultural melting pot known for its 'Main Road' shopping strip, thriving arts scene, and a mix of heritage weatherboard cottages and modern infill.
How this suburb feels day-to-day.
Dominant dwelling stock.
Typical entry to ceiling.
Moonah represents the 'sweet spot' for buyers who want inner-city lifestyle without the price tag of New Town. It is the primary beneficiary of Hobart's northward urban sprawl.
$720k – $950k
$480k – $620k
12-month movement
Current asking rents
Prices have stabilized after the post-pandemic surge, now showing sustainable growth driven by owner-occupier demand.
Price comparison
Median price ÷ median income
Estimated rental yield
While more affordable than inner-city Hobart, Moonah has moved out of reach for many entry-level buyers, shifting demand to Glenorchy.
Lower = tighter market
Avg time on market
Annual rental increase
Young professionals, hospital staff, and small families seeking CBD proximity.
Strong. Low vacancy and high demand for renovated character homes. Look for properties with 'Inner Residential' zoning for future development potential.
Moonah is expected to outperform the broader Hobart market as it completes its transition to a premium inner-city suburb. Expect continued densification through townhouse development.
vs last 12 months
Relative comparison
Check specific street lighting and proximity to late-night venues. Property crime is largely concentrated near the commercial strip.
Primary risks involve environmental factors and the legacy of the suburb's industrial past.
Significant flood overlays exist for properties near the New Town Rivulet and the Prince of Wales Bay catchment.
Low risk; the suburb is predominantly urban and managed.
Expect higher premiums for properties within the 1% AEP flood zone. Always obtain a specific quote during due diligence.
Flood Prone Area, Heritage Precinct (limited), Inundation.
Main Road corridor and larger lots in West Moonah.
Zoning allows for significant densification in many areas, but flood overlays can strictly prohibit or increase the cost of new builds.
Frequent bus services (Turn Up and Go) and the Intercity Cycleway offer elite connectivity.
Excellent; diverse supermarkets, specialty grocers, and a high concentration of cafes.
Benjafield Park and Moonah Central Park provide local green space, though larger regional parks require a short drive.
Moonah Primary is well-regarded; access to New Town High and Ogilvie High is a major draw for families.
Proximity to the Royal Hobart Hospital (10 mins) and numerous local GPs.
A transitioning population with an increasing percentage of high-income professionals replacing the traditional manufacturing workforce.
The 'young professional' bulge in the 25-44 bracket is driving the demand for cafes, bars, and renovated housing.
Focus is on urban renewal of the commercial strip and medium-density residential infill.
Residents love the convenience and the 'unpretentious' vibe of Moonah, though safety and traffic are occasional points of contention.
I can walk to three different bakeries and the best coffee in Hobart. It's so central and has a real soul.
We couldn't afford New Town, but Moonah gave us a 1930s cottage with a big yard just 10 minutes from work.
It's getting very busy and parking is a nightmare now, but it is nice to see the old houses being fixed up.
Never had a vacancy longer than a week. The demand from hospital staff is incredible.
The cycleway is a game changer. I ride into the city in 15 minutes and don't have to worry about CBD parking.
Love the cafes, but I've had my car broken into twice in two years. You have to be careful where you park.
Position the property as a 'lifestyle choice' rather than just a house. Emphasize the walkability and the cultural vibrancy of the Moonah strip to differentiate from generic suburban offerings.
High-yield potential with strong capital growth prospects due to Hobart's limited inner-city land supply.
Flood overlays can limit future development; older houses require higher maintenance reserves.
Unbeatable convenience and access to Hobart's best cheap eats.
Older houses can be very cold and damp if not properly maintained.
Ensure all smoke alarms and electrical safety switches meet the latest Tasmanian residential tenancy standards.
Focus on 'The 10-Minute City'—everything you need within a 10-minute walk or drive.
Young professional couples (28-40) and 'right-sizers' moving from larger Hobart suburbs.
This report is based on data available as of 2026-03-13. It is intended for informational purposes only and does not constitute financial or legal advice. Buyers should conduct their own independent investigations and consult with qualified professionals before making any property purchase.
$1,045,000+ price range
4 2 6
Open Saturday 24 October 9:45 amSchools in this suburb, and the government school zones that cover the middle of it. A zone often covers only part of a suburb, so check an address on the property page.
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