Which greater Hobart suburb recorded double-digit growth?

But in a flat year on the pricing front, a suburb 40km away from these high-profile neighbourhoods has eclipsed them all.

And it was not close.

In its year-end data, PropTrack found that beachy suburb Dodges Ferry was the price growth king recording a 10.3 per cent uptick in its median price. This rise brought it to $656,000 for a typical house.

The next best results were in South Hobart and Blackmans Bay, which both grew by 6.7 per cent and have medians around the $880,000 mark.

Lindisfarne and Moonah rounded out the top five, with house price growth of 5.9 and 5.8 per cent.

Kate Storey Realty property consultants, Holly Johnson, left, and Chloe Wright. Picture: Supplied

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Dodges Ferry experts — who grew up and work in the area — Chloe Wright and Holly Johnson say it was no surprise to see their suburb in the No.1 position.

The Kate Storey Realty property consultants say the Dodges Ferry secret is well and truly out.

Miss Johnson said the number of people looking to move to the area has increased sharply.

“It has become a very popular spot,” she said.

“The lifestyle is attractive. It is family-friendly, there’s a great school, a new pool is coming to the area, the community is very active and all the essentials are at your doorstep.

“And you have a choice of gorgeous beaches nearby.”

A relaxed lifestyle by the water is a big drawcard for Dodges Ferry. Picture: Supplied

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Miss Wright said being a step out of the city, Dodges Ferry has a different vibe to Hobart.

“It is a relaxed lifestyle, away from the hustle and bustle, but Sorell and Hobart are easily accessible,” she said.

“People see the value of the properties here. They have increased so much in the past five years, but there is still room for growth in the future.”

In what might seem remarkable to a buyer from interstate, Dodges Ferry still offers older properties and shacks with water views or beach access for around the $500-$600,000 range.

“You can’t find that in a lot of places,” Miss Johnson said.

“The lifestyle here combined with people being able to work from home these days is a great fit.”

Miss Wright said recently Dodges Ferry buyers and non-local inquiries can be split 50-50.

“Interestingly, we have seen an influx of first-home buyers of late, which is great to see,” she said.

SOLD: No.4 Fourth Ave, Dodges Ferry was sold for $500,000.

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No.26 Jetty Rd, Dodges Ferry was sold for $725,000.

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PropTrack senior economist, Angus Moore, said it was not unusual to see an area like Dodges Ferry outperforming the rest of the market.

“Prices in greater Hobart over the past year are up by 1.33 per cent, a positive shift,” he said.

“Through 2022-23, prices fell in Hobart, so to see stabilisation and some growth is a bit of a reversal.

“In a flat market, most suburbs would sit around that mark of being slightly up or down.

“You don’t have to get very far down Hobart’s top 10 list for fastest growth before reaching areas like Taroona, New Norfolk or Old Beach that recorded just 1-2 per cent growth.”

On the unit front, the idea of growth comes with an asterisk.

Greater Hobart’s top performer was Howrah, where the median value was down by 0.4 per cent year-on-year.

Sandy Bay units were down by 1.4 per cent, Kingston by 3.3 per cent, Glenorchy 4.6 per cent and New Town’s median unit price was 7.5 per cent lower.

PropTrack economist Angus Moore.

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Mr Moore said across greater Hobart unit prices have not fallen by a lot, but are down 1.5 per cent in the past year. In that environment, you won’t see a lot of suburbs bucking that trend, he said.

“The unit market in Hobart is smaller than in other capital cities … but for some buyers units are a perfect option. They can be well located and more affordable than a detached house,” Mr Moore said.

“Compared to the start of the pandemic, unit prices in Hobart remain up by 28 per cent versus 39 per cent for houses.”

No.14 Bracken Ct, Dodges Ferry is on the market at “Offers over $795,000”.

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No.2 Sandy Point Ave, Dodges Ferry is priced at “Offers over $895,000”.

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The report also revealed the year’s most expensive suburbs, with two traditional rivals going head-to-head for the No.1 position.

There was just a $25,000 difference between Battery Point ($1.325m) and Sandy Bay ($1.3m).

Six Hobart suburbs, with at least 20 sales this year, recorded $1m-plus median house prices, including Acton Park, Tranmere, Seven Mile Beach and Mount Stuart.

Behind Sandy Bay, Howrah, Kingston and Blackmans Bay were the most expensive suburbs for unit buyers.

Mr Moore said Sandy Bay and Battery Point are similar to Toorak in Melbourne or Vaucluse in Sydney in that these areas are home to large, expensive properties and that “does not change” from one year to the next.