Waverley is a vibrant suburb located in the north-eastern region of Tasmania, approximately 10 km from the city of Launceston. Known for its picturesque landscapes, green parks, and friendly community, Waverley offers a peaceful yet convenient lifestyle for families, retirees, and young professionals alike. This article delves into the best residential areas in Waverley, exploring their unique characteristics, housing options, and average prices.
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Waverley Centre

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Waverley Centre is the commercial hub of the suburb, featuring a variety of shops, cafes, and essential services. This area is perfect for those who desire close proximity to amenities while enjoying a hub of community life.
Characteristics of the Waverley Centre
* Culture: Vibrant local culture with markets and community events
* Transportation: Well-connected public transport options and cycling paths
* Services: Supermarkets, banks, and recreational facilities
* Environment: Lively and community-focused
Housing Options in the Waverley Centre
Terraced homes, Townhouses, Flats
Average Home Prices in the Waverley Centre
* Buying: $350,000 – $500,000
* Renting: $1,200 – $1,600/month
Waverley Park

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Waverley Park is a serene suburb characterised by its expansive green spaces, parks, and playgrounds. It's an ideal area for families seeking a safe environment for outdoor activities and children's play.
Characteristics of the Waverley Park
* Culture: Family-friendly with community events and youth activities
* Transportation: Reliable bus service, bike-friendly paths
* Services: Local schools, parks, and childcare facilities
* Environment: Quiet and friendly
Housing Options in the Waverley Park
Single-family homes, Duplexes
Average Home Prices in the Waverley Park
* Buying: $400,000 – $600,000
* Renting: $1,300 – $1,800/month
Stony Rise

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Stony Rise is known for its beautiful views and spacious properties. This suburb appeals to those who appreciate nature and enjoy a touch of countryside living while being close to urban conveniences.
Characteristics of the Stony Rise
* Culture: Nature-oriented lifestyle with walking tracks
* Transportation: Car preferred, limited public transport options
* Services: Essential shopping facilities, local dining
* Environment: Relaxed and picturesque
Housing Options in the Stony Rise
Large homes on generous plots, Acreage properties
Average Home Prices in the Stony Rise
* Buying: $450,000 – $700,000
* Renting: $1,400 – $2,000/month
Tranmere

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Tranmere offers a coastal living atmosphere with stunning views of the surrounding waters. Favoured by those who enjoy watersports or simply the beauty of the sea, this suburb has a relaxed coastal vibe.
Characteristics of the Tranmere
* Culture: Beach culture with plenty of water-based activities
* Transportation: Car needed, limited bus routes
* Services: Small shops, cafes, and proximity to beach facilities
* Environment: Casual and laid-back
Housing Options in the Tranmere
Beachfront properties, Modern homes
Average Home Prices in the Tranmere
* Buying: $500,000 – $800,000
* Renting: $1,500 – $2,200/month
Riverside

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Riverside is a family-friendly suburb offering a strong sense of community and access to excellent educational facilities. It's perfect for families looking for a supportive neighbourhood with access to nature.
Characteristics of the Riverside
* Culture: Active community participation with local events
* Transportation: Good public transport, family-friendly pathways
* Services: Schools, parks, and community centres
* Environment: Welcoming and family-oriented
Housing Options in the Riverside
Family homes, Modern townhouses
Average Home Prices in the Riverside
* Buying: $360,000 – $550,000
* Renting: $1,250 – $1,700/month
Lindisfarne

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Lindisfarne is a well-established suburb with a rich history, featuring heritage homes and a strong sense of identity. Its charming community and proximity to the waterfront make it a sought-after area.
Characteristics of the Lindisfarne
* Culture: Historic sites and engaging community events
* Transportation: Well-served by public transport
* Services: Diverse range of shops, restaurants, and schools
* Environment: Charming and vibrant
Housing Options in the Lindisfarne
Heritage homes, Contemporary units
Average Home Prices in the Lindisfarne
* Buying: $420,000 – $650,000
* Renting: $1,350 – $1,900/month
Frequently Asked Questions About the Best Residential Areas in Waverley:
The best residential areas in Waverley include Waverley Centre, Waverley Park, Stony Rise, Tranmere, Riverside, and Lindisfarne.
Waverley Park and Riverside are considered the most family-friendly suburbs due to their parks, schools, and community events.
Tranmere offers beautiful coastal properties with stunning water views.
The average price of homes in Waverley ranges from $350,000 to $800,000 depending on the suburb and property type.
Yes, Waverley is serviced by a reliable bus network, especially in the central and residential areas.
Waverley features a mix of housing types, including single-family homes, townhouses, flats, and heritage properties.
Yes, with a variety of affordable housing options, Waverley is a great place for first-home buyers.
Waverley offers supermarkets, local shops, parks, schools, and recreational facilities catering to residents' needs.
Waverley is known for its friendly, welcoming community with a strong focus on local events and activities.
Absolutely! Waverley offers many parks, walking tracks, and proximity to beaches for outdoor enthusiasts.
Conclusion on the Best Residential Areas in Waverley:
Waverley, Tasmania, is an inviting suburb that caters to a diverse range of residents, from families to retirees and young professionals. Each area has its unique charm and appeal, whether it be the community feel of Waverley Centre, the family-friendly atmosphere of Waverley Park, or the tranquil lifestyle of Stony Rise. With access to essential services, recreational spaces, and diverse housing options at varying prices, Waverley presents a welcoming environment for anyone looking to settle in Tasmania. Whether you are a first-home buyer seeking an entry-level property or looking for a larger family home, Waverley offers a variety of choices to meet your needs.
About the Author

Published by:Eribert De Oliveira
Mechatronics Engineer and founder of Mi Inmueble Online, with a background in real estate. I combine technology and analysis to help you find the best areas to live.