Mount Stuart
A $1,081,000 median house price and a university qualification rate of 58.8%, which is 28.7 percentage points above the national figure, mark Mount Stuart as one of Hobart's most educated and affluent inner suburbs. Packed into just 1.01 square kilometres at a density of 2,411 residents per square kilometre, 2,444 people share a suburb where 43.6% own their homes outright and household income sits in the 73.8th percentile nationally. The SEIFA IEO decile of 9 confirms the education and occupation advantage, while an 18.2% walk-and-cycle commute share signals a compact, walkable character uncommon in Australian suburbia.
Population
2,444
Median Age
41.0
Household IncomeiMedian weekly household income (ABS Census)
$1,960/wk
DAs (12 months)iDevelopment Applications lodged in the past year
1
Median House
$1.1M
YTD 2026
The median house price reached $1,081,000 in YTD 2026, up from $950,000 in 2024, a rise of 13.8% in two years. Over 30 years from $138,000 in 1996, the compound annual growth rate is 7.1%, a strong long-run track record. Separate houses make up 81.8% of dwellings, with apartments at 16.8%, so stock is predominantly detached. Three-bedroom homes account for 40.5% and four-plus bedrooms 30.0%, a profile that suits families. The mortgage-to-income ratio of 21.1% sits comfortably below the 30% stress threshold, because household income at the 73.8th percentile nationally offsets the high median price. Monthly mortgage repayments average $1,789, lower than many capital city equivalents at a comparable price point.
For Buyers
The median house price reached $1,081,000 in YTD 2026, up from $950,000 in 2024, a rise of 13.8% in two years. Over 30 years from $138,000 in 1996, the compound annual growth rate is 7.1%, a strong long-run track record. Separate houses make up 81.8% of dwellings, with apartments at 16.8%, so stock is predominantly detached. Three-bedroom homes account for 40.5% and four-plus bedrooms 30.0%, a profile that suits families. The mortgage-to-income ratio of 21.1% sits comfortably below the 30% stress threshold, because household income at the 73.8th percentile nationally offsets the high median price. Monthly mortgage repayments average $1,789, lower than many capital city equivalents at a comparable price point.
For Investors
A vacancy rate of 7.4% is elevated above healthy market levels typically considered to be around 2 to 3 percent, suggesting rental supply currently exceeds demand in this compact suburb. Weekly rent of $380 against a $1,081,000 median implies a gross yield near 1.8%, low even by Hobart standards. The renter share is only 25.2%, below national averages, while 43.6% own outright, so the tenant pool is thin by design. Only 1 development application was lodged in the past 12 months, limiting new supply risk. The long-run 7.1% CAGR over 30 years supports a capital growth case, and rent-to-income of 19.4% keeps existing tenants financially comfortable, which supports tenancy stability.
Development Activity
Total DAs
1
Last 12 Months
1
YoY ChangeiYear-over-year change in DA lodgements
—
Avg DA CostiAverage estimated cost per DA in the past year
N/A
Monthly DA Lodgements
DA Categories
Schools in Mount Stuart iICSEA: school advantage index. 1000 = national avg, higher = more advantaged
Mount Stuart Primary School
K-6 · 340 students
Demographics
The median age of 41 matches the national figure, an unusual parity for a high-education suburb. University qualifications at 58.8% are 28.7 percentage points above the national rate, the strongest signal in the dataset. Overseas-born residents represent 22.2% of the population, roughly at the national average and 0.6 percentage points above it. Ancestry is predominantly English (1,095 residents), followed by Irish (355) and Scottish (295), placing it in an Anglo-Celtic cluster. Emerging language communities include Mandarin (24 speakers), Urdu (19) and Nepali (16). The average household size of 2.4 is 0.1 below national, and couples-with-children families (683) outnumber couples-without-children (578), unlike many high-education urban suburbs where the reverse holds.
Age Distribution
Bedrooms
Dwelling Structure
81.8%
Houses
1.4%
Townhouse
16.8%
Apartment
Tenure
Tenure is weighted heavily toward ownership: 43.6% own outright and 31.3% carry a mortgage, with renters at just 25.2%, well below national averages. This outright-owner dominance signals long-held, debt-free wealth characteristic of established neighbourhoods. The stock is 81.8% separate houses, with apartments at 16.8% and semi-detached at 1.4%, a detached-dominant profile atypical of inner suburbs at this density. Three-bedroom homes are 40.5% and four-plus bedrooms 30.0%, skewing toward family-sized dwellings. Price history shows $138,000 in 1996 rising to $1,081,000 in 2026, a 683% nominal gain. Mortgage-to-income at 21.1% and rent-to-income at 19.4% both sit below the 30% stress threshold, indicating current prices are manageable relative to local incomes.
Median House Price Trend
Source: State Valuer-General
Mortgage / mo
$1,789
Rent / wk
$380
HH Size
2.4
Personal Income / wk
$956
Vacancy Ratei% of dwellings unoccupied on Census night (ABS 2021)
7.4%
Unoccupied
78
Rent / IncomeiMedian rent as % of household income. Over 30% = housing stress
19.4%
Mortgage / IncomeiMedian mortgage as % of household income. Over 30% = housing stress
21.1%
Community Profile
Languages Spoken at Home
Ancestry
Household Composition
31.5%
Couples, no children
1,834
Total families
Economy & Employment
Healthcare employs the largest share at 20.1% (222 workers), followed by Education at 15.4% (170) and Professional/Technical services at 12.4% (137). Public Administration accounts for 12.0% (132 workers), reflecting Hobart's role as Tasmania's capital city and government centre. By occupation, Professionals dominate with 528 workers, and Managers add 205, so high-skill white-collar roles cover the majority of the employed population. The unemployment rate of 5.6% is modest, and the full-time employment rate of 56.7% is solid. SEIFA IEO decile 9 confirms an education-and-occupation profile that sits near the top nationally, though the IER decile of 5 indicates middle-tier economic resources, likely because the renter share and dwelling size temper aggregate wealth measures.
Socio-Economic Indexes (SEIFA)iABS index ranking suburbs from 1 (most disadvantaged) to 10 (most advantaged)
Full-time
56.7%
Part-time
37.7%
Participation
64.8%
Employed
1,278
Occupations
Top Industries
University
58.8%
Postgraduate
19.6%
Born Overseas
22.2%
Dwellings
972
Transport to Work
Walking and cycling account for 18.2% of commutes, far above national norms for an urban suburb, reflecting the compact 1.01 square kilometre footprint and proximity to Hobart's central areas. Car dependence at 69.2% is below the national suburban average, and public transport reaches 4.7%. The IRSAD decile 8 score places Mount Stuart in the top 20% of suburbs nationally for combined advantage, and the IEO decile 9 confirms occupational and educational wellbeing. Volunteering at 26.4% of residents is high, indicating civic engagement. Only 4.0% of the population (95 people) need daily assistance, well below national rates. No schools are recorded within the suburb boundary in this dataset, so families rely on nearby institutions, though the 58.8% university qualification rate in the adult population suggests strong educational attainment without local schools being the driver.
Drive
69.2%
Public Transport
4.7%
Walk / Cycle
18.2%
Work from Home
N/A
National Ranking iPercentile rank among ~15,000 AU suburbs. 90% = higher than 90% of suburbs
How Mount Stuart compares to ~15,000 Australian suburbs
Frequently Asked Questions
Is Mount Stuart a good suburb to live in?
Mount Stuart scores SEIFA IRSAD decile 8 and IEO decile 9, placing it near the top nationally for advantage. Household income sits in the 73.8th percentile nationally, 18.2% of residents walk or cycle to work, and only 4.0% need daily assistance. The main trade-offs are a $1,081,000 median house price and a 7.4% vacancy rate that suggests rental supply is soft.
What is the median house price in Mount Stuart?
The median house price is $1,081,000 as of YTD 2026, up from $950,000 in 2024. The 30-year CAGR from $138,000 in 1996 is 7.1%. Monthly mortgage repayments average $1,789, and the mortgage-to-income ratio of 21.1% is below the 30% stress threshold.
What schools are in Mount Stuart?
No schools are recorded inside the Mount Stuart suburb boundary in this dataset. Families rely on schools in neighbouring Hobart suburbs. The adult population is highly educated, with 58.8% holding university qualifications, which is 28.7 percentage points above the national average.
Is Mount Stuart safe?
Specific crime statistics are not available for Mount Stuart in this dataset. As proxy indicators, the suburb scores IRSD decile 8, placing it in the top 20% nationally for low disadvantage, and only 4.0% of its 2,444 residents need daily assistance. High volunteering at 26.4% also reflects strong community cohesion.
Is Mount Stuart good for property investment?
The 30-year price CAGR of 7.1% and the 13.8% gain from $950,000 in 2024 to $1,081,000 in 2026 support a capital growth case. However, the 7.4% vacancy rate is elevated and weekly rent of $380 implies a gross yield near 1.8%, which is low. The renter share of 25.2% is below national averages, so the tenant pool is smaller than in higher-density suburbs.
How is Mount Stuart's population changing?
The suburb has a stable, low-turnover profile: 79.5% of residents stayed in place over the measured period, against a 20.5% turnover rate. The population of 2,444 lives at a density of 2,411 per square kilometre across 1.01 square kilometres. Development activity is minimal at 1 application in 12 months, so meaningful population expansion is unlikely in the near term.
How to read these comparisons
Phrases like "above the national average" reference the unweighted median across Australian suburbs with more than 1,000 residents, not population-weighted national figures. Suburb-level medians are more useful for ranking suburbs against each other; ABS census headlines are population-weighted (so dominated by Sydney and Melbourne) and can read very differently.
Current baseline (refreshed 2026-05-10): median age 40, university-educated 30.1%, born overseas 21.6%, average household size 2.5 people.
Data sources: ABS 2021 Census (demographics, income, tenure), state Valuer-General (house prices), Department of Jobs SALM (unemployment), ACARA (school ICSEA), state Crime Statistics agencies (offences), council DA portals (development applications). Population forecasts use a Hamilton-Perry cohort model calibrated to ABS ERP.
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