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21 Matipo Street, Risdon Vale TAS 7016

For Sale

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$3.5M - $3.75M Medium Confidence Calculated based on our search observations.

Land 10.18 acres

Listed: 28th Jul 2026

Updated: 3 days ago

Overview

Spanning approximately 41,200 square meters, this expansive landholding at 21 Matipo Street, Risdon Vale, offers a significant residential development opportunity in the growing Greater Hobart area. Situated within a high-growth corridor, the site presents a north-facing aspect that ensures ample natural light and an inviting open atmosphere throughout the day, enhancing the appeal for future residents.

The property benefits from favourable 'General Residential' zoning under the Tasmanian Planning Scheme for Clarence, facilitating streamlined development processes in a market currently experiencing supply constraints. A comprehensive proposed subdivision plan outlines 51 residential lots varying in size from 453 to 1,177 square meters, alongside a commercial allotment measuring 1,411 square meters. An integrated public open space of approximately 2,342 square meters is included, designed to enrich community liveability and foster neighborhood engagement.

Onsite, two existing residential dwellings generate a reliable gross income, contributing to the investment's immediate value. The strategic master-planning potential of the site allows for diverse residential outcomes ranging from private housing to social and affordable developments, aligning with current housing market demands.

This opportunity is particularly suited to developers seeking a substantial single-title parcel with excellent development topography, enabling efficient construction execution. Furthermore, the property aligns with the objectives of Australia's $10 billion Housing Australia Future Fund, which supports large-scale social and affordable housing projects, offering enhanced funding avenues for prospective buyers.

Local Market Insights

In Risdon Vale, Quiet Listings observed 3 new parcels of land entering the market over the last 30 days, up from 1 during the previous 30-day period, with an average advertised asking price of $216,333. The property type mix of listed properties is predominantly Houses at 73%, followed by land (27%). The most active agency for land in the Risdon Vale area is currently Fall Real Estate, representing 67% of new listings, followed by Petrusma Property – Sandy Bay with 33%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.