While much of Australia real estate is caught in a frenzy of buy-and-sell cycles, one quiet coastal suburb in Hobart is quietly rewriting the rules. Locals don’t just live here, they settle in for life.
Think real estate in Australia is all about buying low, flipping high, and chasing capital gains in the city? Not at Seven Mile Beach in Hobart, where homeowners are so attached to their homes, they are holding on for an average of 14.5 years.
In a market where the average home changes hands every 8–10 years, that’s a lifetime and it places Seven Mile Beach at the top of Tasmania’s most tightly held suburbs, according to clickclickaus.comle much of Australia real estate is caught in a frenzy of buy-and-sell cycles, one quiet coastal suburb in Hobart is quietly rewriting the rules. Locals don’t just live here, they settle in for life.
Think real estate in Australia is all about buying low, flipping high, and chasing capital gains in the city? Not at Seven Mile Beach in Hobart, where homeowners are so attached to their homes, they are holding on for an average of 14.5 years.
In a market where the average home changes hands every 8–10 years, that’s a lifetime and it places Seven Mile Beach at the top of Tasmania’s most tightly held suburbs, according to clickclick.au
EIS Property’s senior consultant, Deb Stephens, knows the suburb well. “Most of my vendors have lived here for 20–25 years,” she says. “They’re not moving across town, they’re moving interstate. Otherwise, they’d stay.”
What’s the magic of Seven Mile Beach?
Stephens says it’s simple: community, calm, and coastline.
“It’s a flat, family-friendly area where kids ride bikes to the park or the beach. The traffic’s slow, the vibe is peaceful, and there’s a strong sense of belonging.”
No wonder when she listed No.28 Sunways Ave recently, it drew four offers in a single week and sold almost instantly.
Low supply, high demand
For homes under $1 million in this part of Hobart, stock is scarce and competition is fierce. Which makes sense, says economist Anne Flaherty:
“The suburbs that people don’t want to leave tend to offer the best of everything — schools, green space, proximity to water. They appeal to everyone from young families to retirees.”
And while the national conversation around buying homes in Australia often centers on big cities like Sydney and Melbourne, Hobart especially gems like Seven Mile Beach is quietly attracting smart buyers who value lifestyle over hustle.
Should you buy home in Victorian suburbs, or look beyond?
The million-dollar question isn’t just “where can I afford to live” but “where will I want to stay?” And if history is any guide, Seven Mile Beach might just be one of the most contented corners of Australia real estate.
Final thought:
In a property market filled with speculation, Seven Mile Beach stands out for one rare feature: people never want to leave. If you're planning to buy home in Australia, this suburb should be on your radar before the secret gets out.
