Berriedale is a residential suburb in the City of Glenorchy, situated approximately 15 kilometres north of Hobart's CBD along the Derwent River. Its SEIFA IRSAD score of 899 places it in decile 2 of 10 nationally, well below the national mean of 1000, and at the 29th percentile within Tasmania. That reading classifies the suburb as disadvantaged on the relative socioeconomic scale. Berriedale is internationally known as the home of MONA (Museum of Old and New Art), a profile factor that sits outside what SEIFA measures but is relevant context for investors assessing demand drivers.
ABS 2021 IRSAD release. Score 899 (national mean = 1000).
A SEIFA IRSAD score of 899 signals that the postcode frame around Berriedale carries meaningful socioeconomic headwinds relative to the national average. In PropertyRanker's twelve-signal model, this reading feeds directly into three criteria: economic_strength, hazard_risk, and entry_point_risk. On economic_strength, a decile 2 reading suggests a resident income and occupation base that sits toward the lower end of the national distribution, which can constrain organic rental growth and limit the depth of owner-occupier demand. On entry_point_risk, lower-decile suburbs can present lower absolute entry prices, which may compress downside dollar exposure but also tend to correlate with thinner liquidity and wider bid-ask spreads at resale. On hazard_risk, SEIFA is used as a macro proxy for neighbourhood-level maintenance culture and insurance cost patterns, not as a direct flood or fire overlay.
The suburb's physical character adds nuance. The housing stock is predominantly mid-twentieth-century weatherboard and brick, bisected by the Brooker Highway into riverside and inland precincts. MONA's presence has lifted Berriedale's name recognition well beyond what its SEIFA score would predict, and infrastructure improvements tied to the museum precinct have been noted. However, local amenity within the suburb itself is limited; residents rely on Claremont and Glenorchy for retail and schooling. Investors should weigh whether the MONA halo translates into measurable rental or resale premiums at the street level, or whether it remains a macro narrative that does not yet move individual property outcomes. The 29th state percentile also means roughly seven in ten Tasmanian suburbs score higher on this index, so the disadvantage reading is not an outlier within Tasmania.
Berriedale TAS 7011 recorded a median house sale price of $650,000 over the past 12 months, representing annual growth of 18.2%, according to propertyvalue.com.au (Cotality/RP Data). There were 39 house sales over the same period, with an average vendor discount of -4.1% and an average of 33 days on market. HtAG Analytics reports a vacancy rate of just 0.48% and stock on market of 0.36%, signalling tight supply and strong rental demand conditions.
Vacancy at 0.48% with stock on market at 0.36% signals tight supply and tightening rental conditions, with DOM and vendor discount broadly stable, producing a warming overall read.
Sources: Berriedale House Prices & Property Trends (2026-01-01); Berriedale, TAS 7011: Suburb Profile & Property Report | YIP (2026-02-11); Berriedale, TAS 7011 Property Market and House Prices 2026 (2026-08-01); Berriedale, 7011 TAS - Property Market and Insights | Aussie Homes (2026-01-01) · Refreshed 4 Sep 2026
Berriedale's property story is shaped by targeted social housing construction, a nearby Brooker Highway safety upgrade, and a long-running peninsula masterplan tied to the suburb's MONA precinct, all sitting within a broader Glenorchy LGA context of tight rental supply and a pipeline of council-endorsed infrastructure projects. These drivers are mostly public infrastructure and planning in nature rather than large private residential releases, reflecting Berriedale's established, low-vacancy character within Hobart's northern suburbs.
Homes Tasmania has approval from Glenorchy City Council to build new units at Berriedale sites including Teering Road, with construction underway since 2025 and completion expected mid to late 2026, adding social housing stock to the local supply.
A safety upgrade at the Brooker Highway intersection with Foreshore Road and Duncan Street, in the Berriedale area of the highway corridor, includes new traffic lights, turning lanes and pedestrian crossings, with completion due April 2026.
Pulse Tasmania (2025-08-09)
Glenorchy City Council has a masterplan for the Berriedale Peninsula intended to balance open space, recreation and public amenity with economic and cultural activity linked to the site's proximity to MONA, shaping how future development on the peninsula can proceed.
Glenorchy City Council endorsed five major priority projects at its January 2026 meeting covering community infrastructure, public space and cultural initiatives across the municipality, including work that would strengthen Berriedale's foreshore as a family destination; council will now seek State and Federal funding, so these remain proposals rather than funded builds.
Priority Projects for 2026 | Glenorchy City Council (2026-01-29)
The nearby Glenorchy suburb (Glenorchy LGA, which includes Berriedale) recorded a rental vacancy rate of just 0.1 percent in December 2025, one of the tightest in Australia, with house rents up 7.7 percent over the 12 months to Q4 2025, indicating strong rental demand across the northern suburbs corridor.
Glenorchy at a Glance - Southern Horizons Property (2026-04-01)
Updated 30 Aug 2026. Items link to their original sources. Compiled by AI from public reporting; verify anything material before relying on it.
PropertyRanker scores any Australian property against 12 criteria across three pillars: Growth, Cashflow, and Risk. SEIFA is a primary signal for economic strength and a supporting one for entry-price risk. It also informs the crime side of hazard risk, though physical overlays like flood, bushfire and coastal exposure, and recorded crime data where available, take priority there. The decile of 2 shown above gives a listing in Berriedale a softer starting line on economic strength, though often a firmer one on entry-price risk, since less advantaged postcodes usually carry lower entry prices.
On top of that, PropertyRanker chooses one of four strategies (Balanced, Growth, Yield, Regional) and applies a per-strategy yield anchor. The anchors are 3.5% for Growth, 5% for Balanced, 6% for Yield, and 7% for Regional. A postcode at this level tends to make the Yield (6% anchor) and Regional (7% anchor) strategies more reachable, because a lower entry price lifts the gross yield a listing can achieve, while a Growth result usually depends on a specific catalyst such as an infrastructure or renewal pipeline.
Read the scoring guide for the full criteria list and how the verdict thresholds work.
PropertyRanker's SEIFA inputs operate at the postcode level and cannot see conditions that vary street by street or property by property. Before drawing any conclusion about a specific listing in Berriedale, investors should verify the following. First, check current SQM vacancy data for postcode 7011, which covers Berriedale, Chigwell, Claremont, and Austins Ferry together; a tight vacancy rate can offset some of the yield compression that lower-decile suburbs sometimes produce. Second, for any strata or unit title, obtain the body corporate financials and confirm the sinking fund is adequately funded, given the age profile of the housing stock. Third, run a flood and planning overlay check through the Glenorchy City Council portal, particularly for riverside properties near the Derwent, and confirm there are no heritage or development overlays that would restrict renovation or subdivision. Fourth, price the listing against recent comparable sales in the same street or precinct rather than suburb-wide medians. Score the specific listing in PropertyRanker to receive a verdict that accounts for all twelve signals, including the live data points this postcode-level SEIFA reading cannot see.
The SEIFA IRSAD score of 899 (decile 2 nationally, 29th percentile within Tasmania) flags Berriedale as a disadvantaged postcode, which PropertyRanker treats as a headwind across three of its twelve scoring criteria. That does not make every listing here unsuitable; a specific property can still score well if yield, vacancy, and pricing against comparables are favourable. Investors should score the individual listing rather than treating the suburb label as a verdict.
Lower-decile suburbs in outer Hobart tend to present entry prices and gross yields that sit closer to the High Yield or Regional strategy anchors (around 6 to 7 percent gross) than to the Capital Growth anchor (around 3.5 percent). Whether a specific Berriedale listing actually clears those yield thresholds depends on the current asking price and achievable rent, which you should confirm against live SQM and comparable rental data before drawing a conclusion. The Balanced strategy (around 5 percent) is also plausible for well-located riverside properties if the MONA precinct continues to support above-average demand.
The primary macro risk flagged by the SEIFA reading is a relatively narrow owner-occupier demand base, which can reduce liquidity at resale and limit organic rental growth. The housing stock is predominantly mid-twentieth-century construction, so build quality, maintenance history, and asbestos risk in older weatherboard homes are property-level factors to verify. The Brooker Highway bisects the suburb, so road noise exposure varies significantly by street and should be assessed on site. Flood and planning overlays for riverside properties near the Derwent are a further check that postcode-level data cannot resolve.
MONA has raised Berriedale's national profile and has been associated with infrastructure improvements in the precinct, but SEIFA measures resident socioeconomic conditions rather than tourism or cultural assets, so the museum's presence does not change the decile 2 reading. Whether MONA translates into a measurable rental or resale premium at the individual property level is a question that comparable sales data and current vacancy figures can answer more reliably than a suburb-level index. Investors should treat the MONA narrative as a demand-driver hypothesis to test against actual transaction evidence, not as a confirmed uplift.
PropertyRanker runs twelve signals across a listing. The SEIFA IRSAD score of 899 feeds into economic_strength, hazard_risk, and entry_point_risk as a macro input. The remaining signals draw on property-level and live market data including current SQM vacancy for postcode 7011, flood and planning overlay status, body corporate health for strata titles, and pricing against recent comparable sales in the same precinct. Because SEIFA operates at the postcode level, it cannot see the specific street, build year, strata condition, or orientation; scoring the individual listing in PropertyRanker is the step that brings those factors into the verdict.
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