Hobart’s most expensive street (proportionately the most expensive in Australia), is yours on the list?

• Hobart's most expensive homes are also some of Australia's smallest, relative to other expensive streets.
• This makes the per square metre rate some of Australia's most expensive.
• Sandy Bay properties, however, are lower on the list and do feature larger lots compared to Battery Point.

We marvel at Tasmania’s most marvellous streets – these beautiful spots can be had for relative chump change.

Hobart’s most expensive streets are quite affordable when compared to its northern neighbours. While Hobart’s haughtiest homes hover around a top price tag of $2.6 million, we’ve seen Sydney slither into the seven million mark, and Melbourne fighting fit at five. Perth’s popular property went for four million a pop, with Adelaide and Brisbane both throwing down the towel at three.

Asking prices for houses in the capital of Van Diemen’s Land is currently a hair under $800,000, with units a reasonable $470,000.

Read on for most expensive streets in: Melbourne, Adelaide, Canberra, Perth, Sydney, and Brisbane.

Hobart’s most expensive streets

1. Battery Square, Battery Point, 7004
2. Clarke Avenue, Battery Point, 7004
3. Marine Terrace, Battery Point, 7004
4. Secheron Road, Battery Point, 7004
5. Mona Street, Battery Point, 7004
6. Napoleon Street, Battery Point, 7004
7. Waymouth Avenue, Sandy Bay, 7005
8. Ellington Road, Sandy Bay, 7005
9. Nutgrove Avenue, Sandy Bay, 7005
10. Beechworth Road, Sandy Bay, 7005

Generated by Suburbtrends, founder Kent Lardner said the methodology was not about selecting streets with one or two sales of mansions, or streets with very large block sizes.

“We have selected streets with a significant number of houses with the highest overall median prices, rather than selecting a street based on the sale of one mansion. Our methodology has created a very different ‘top streets’ list representing streets with a significant number of high priced properties and surrounded by the highest priced homes in the country” he said.

“Home buyers, sellers and agents should know how a street ranks within a suburb, especially in today’s market. For sellers and agents, this can help sell a home just like any other feature. For buyers, more listings are now entering the market compared to previous years. Knowing where the best streets are located can help you make better choices using a free street ranking search now available at suburbtrends.com”

Only two suburbs featured on Hobart’s most expensive streets list, with neighbours 7004 and 7005 featuring. Homes in 7004 (including Battery Point) had a spike in house prices in mid 2021, topping out at around $1.2 million. Prices dropped down to around $800,000 before rising again to the latest figure of $980,000, according to SQM Research.

Sandy Bay also broke the $1.2 million barrier in early 2021, but average weekly asking prices for Sandy Bay reached as high as $1.4 million late in 2021 and early 2022. Prices saw a sharp fall back below the $1 million mark, albeit briefly, before another sharp rise back to above $1.4 million.

Battery Square

Homes along this less-than-200-metre stretch of street just beside the River Derwent were the most expensive in Hobart, with a street median price of $2,610,500. Homes here were typically a minute 528 square metres, with living area a little more generous at 316 square metres. Median bedroom count was three.

Clarke Avenue

This stretch of road is just a stone’s throw from Battery Square, and longer at around 250 metres. Homes here have a median house price of $2,557,000 with building size median of a minute 180 square metres, and more generous land size median of 641 square metres. median bedroom count was curiously four.

Marine Terrace

Another tiny stretch of road, this 130 metre section intersects with Mona Street and Clarke Avenue. Homes here are situated on a small 458 square metre piece of land, and occupants have a small 192 square metres of living space. The median house price for this street is $2,507,000.

Secheron Road

Still in Battery Point, this road is partly a cul-de-sac, partly not. Also a stone’s throw from other streets on this list, the median house price for Secheron Road is $2,316,000, median building area is 278 square metres, median site area is 709 square metres, and median bedroom count is four.

Mona Street

Clarke Avenue becomes Mona Street towards its southern end, with Mona Street commanding a much more reasonable $2,221,000 for a much larger 822 square metres of land and 213 square metres of living space. Four bedrooms is the typically arrangement.

Napoleon Street

The last suburb to feature in Battery Point, Napoleon Street has a street median price of $2,136,000, 220 square metres of living space, and 621 square metres of land space.

Waymouth Avenue

The first Sandy Bay address to feature has a median house price of $2,118,000, median site area of 876 square metres, and building area median of 246 square metres. Houses here typically have four bedrooms, with the cul-de-sac only 160 metres long.

Ellington Road

Located on the eastern side of Sandy Bay, Ellington Road residents enjoy a comparatively luxurious quarter acre (1042 square metres) and 263 square metres of living space. prices here are typically $2,094,000, with four bedrooms.

Nutgrove Avenue

Also located on the eastern side of the suburb, Nutgrove Avenue likewise enjoys a generous 903 square metres of land, with 223 square metres of building area. Median prices here are $2,093,000.

Beechworth Road

Intersecting with Nutgrove Avenue, the short stretch of street also features a resplendent 905 square metres of land, and 280 square metres of living space. Median house prices for the street are $2,079,000.

Hobart’s top 50 most expensive streets full list