Sandy Bay: Discover the exclusive Tasmanian suburb dubbed the 'golden mile'

Cherry-picking the very best qualities that Tasmania is admired for, Sandy Bay exhibits all the traits of what makes a Tassie suburb both beautiful and beneficial – rich in history while enjoying modern conveniences, minutes to Hobart’s CBD and with the added benefits of waterside living.

Life by the water

While the heart of Hobart is just over four kilometres north, Sandy Bay presents its own variety of delights, including a number of beautiful beaches such as Nutgrove and Long Beach.

What’s more, sailing is a way of life here, being home to the Royal Yacht Club of Tasmania, a driving force behind the famous Sydney to Hobart Yacht Race.

Unsurprisingly, the pull of the ocean is also reflected in the suburb’s rising property market, with waterfront homes always in high demand. Sandy Bay’s median house price is up 34.9 per cent to $1.295 million according to the latest Domain House Price Report.

“Sandy Bay has always had a strong following, but over the past year, we have seen this demand increase dramatically,” says Abi Freeman of Knight Frank Tasmania.

“In particular, the ‘golden mile’ is one of Hobart’s most exclusive locations, spanning a stretch of road fronting the River Derwent, where a small section of tightly held riverfront properties reveal sweeping views – all of which are north-facing, making them very desirable, especially given our climate.”

Beyond the views and beautiful beaches, Freeman notes that this prestigious postcode offers further selling points that make life in Sandy Bay advantageous.

“It’s the site of the Hobart campus for the University of Tasmania, as well as a range of private schools; this is very important to buyers who are looking to move into the area, as it gives families great options for the education of their children.”

Local gems to explore

Sandy Bay encompasses family-friendly parks, such as Alexandra Battery Park and Errol Flynn Reserve (named after one of Tasmania’s famous sons), stylish cafes like Sisterhood, and restaurants such as the famous Don Camillo.

Add to this a wide variety of boutique stores, some of which have been converted from historical homes – such as the newly relocated Wesley & Willis, a delightful homewares and gift shop owned and operated by Julie Willis.

“We opened the store a year ago in nearby Lindisfarne, but with sudden growth and popularity, we decided to look for a larger shopfront,” Willis says.

“I’ve always loved Sandy Bay, with its beautiful heritage-listed, character properties, and we were lucky enough to find our perfect new store in a 100-year-old house along Gregory Street.”

Making spaces beautiful has always been a passion for Willis, with the store allowing her to curate and celebrate wonderfully unique pieces with elements of nature and intrigue – a signature style that is perfectly suited for Sandy Bay.

“We are so excited to be joining this local community who have already given us such a warm welcome – we hope to be a place where people just love to explore,” she says.

One to watch

On Sandy Bay’s coveted ‘golden mile’, The Red Chapel is one of Tasmania’s most iconic church properties, arguably the area’s last undeveloped waterfront site, offering buyers a once-in-a-generation opportunity given its plethora of possibilities.

Knight Frank Tasmania’s Anne Boman takes the home to auction on December 10 with a guide of $4 million-$5 million.

SOLD - $4,600,000

520 Sandy Bay Road, Sandy Bay TAS 7005

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