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Claremont is an established riverside suburb positioned just 13 kilometres from the Hobart CBD, within the Glenorchy City Council area on the western banks of the River Derwent. Long regarded as one of Greater Hobart’s premier entry-point markets, Claremont has become a primary target for investors, sitting within the best performing capital city market in Australia over the last 10 years. Momentum remains strong, with house prices growing by approximately 10.9% and unit prices by 14.4% over the 12 months to mid-2026, on top of long-term average growth of around 6% per annum. With a median house price of $650,000 and units around $490,000, Claremont remains very affordable by national standards — a rare combination of proximity, performance and price.