Elizabeth Town, a quaint suburb located in Tasmania, is known for its picturesque landscapes, friendly community, and a slower pace of life. Nestled midway between the larger towns of Launceston and Devonport, it offers both tranquillity and accessibility to urban amenities. This article delves into the finest residential areas within Elizabeth Town, breaking down their characteristics, housing options, and average prices for potential buyers and renters alike.
Table of Contents
Elizabeth Town Centre

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The Centre of Elizabeth Town is a bustling hub that provides residents easy access to essential services and local shops, making it perfect for families and professionals who value convenience.
Characteristics of the Elizabeth Town Centre
* Culture: Community markets and local festivals
* Transportation: Well-connected by public transport routes
* Services: Supermarkets, cafes, and schools nearby
* Environment: Vibrant with a strong sense of community
Housing Options in the Elizabeth Town Centre
Single-family homes, Townhouses
Average Home Prices in the Elizabeth Town Centre
* Buying: $350,000 – $450,000
* Renting: $1,200 – $1,600/month
Westbury Road Area

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The Westbury Road area offers a quieter residential experience with spacious properties and a beautiful green outlook. It is ideal for those looking for a peaceful retreat away from the bustle.
Characteristics of the Westbury Road Area
* Culture: Rural charm with a friendly neighbourhood vibe
* Transportation: Car is recommended, with local bus services
* Services: Access to parks and recreational facilities
* Environment: Relaxed and family-oriented
Housing Options in the Westbury Road Area
Expansive homes on large lots, Gently sloping blocks
Average Home Prices in the Westbury Road Area
* Buying: $400,000 – $550,000
* Renting: $1,300 – $1,800/month
Forth River Area

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The Forth River Area is renowned for its breathtaking natural scenery and proximity to outdoor activities. This area is perfect for nature enthusiasts and those who appreciate a laid-back lifestyle.
Characteristics of the Forth River Area
* Culture: Outdoor activities and stunning landscapes
* Transportation: Car essential, limited public transport
* Services: Few local amenities, focused on nature
* Environment: Serene and natural
Housing Options in the Forth River Area
Cottages, Single-family homes with river views
Average Home Prices in the Forth River Area
* Buying: $380,000 – $500,000
* Renting: $1,250 – $1,600/month
Old Formosa Area

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The Old Formosa area is characterised by its historical architecture and scenic surroundings. It is a desirable location for those interested in heritage and charm.
Characteristics of the Old Formosa Area
* Culture: Rich historical context with older architecture
* Transportation: Accessible by car, with options for cycling
* Services: Close to schools and local shops
* Environment: Charming and picturesque
Housing Options in the Old Formosa Area
Heritage homes, Renovated properties
Average Home Prices in the Old Formosa Area
* Buying: $450,000 – $600,000
* Renting: $1,400 – $1,800/month
Pipers River Area

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Known for its stunning river views, the Pipers River area provides a scenic environment ideal for families and retirees seeking relaxation.
Characteristics of the Pipers River Area
* Culture: Community events focused on nature and wellness
* Transportation: Car essential, limited public amenities
* Services: Basic amenities available, parks nearby
* Environment: Peaceful and community-focused
Housing Options in the Pipers River Area
Riverside homes, Family-sized properties
Average Home Prices in the Pipers River Area
* Buying: $420,000 – $570,000
* Renting: $1,300 – $1,700/month
Meander Valley Area

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The Meander Valley Area is known for its agricultural landscape and beautiful views, making it an appealing choice for those seeking a rural lifestyle with community flair.
Characteristics of the Meander Valley Area
* Culture: Agricultural heritage and community involvement
* Transportation: Car recommended due to limited public transport
* Services: Local markets and community facilities
* Environment: Rural yet community-oriented
Housing Options in the Meander Valley Area
Farmhouses, Single-family homes on larger plots
Average Home Prices in the Meander Valley Area
* Buying: $360,000 – $490,000
* Renting: $1,200 – $1,600/month
Frequently Asked Questions About the Best Residential Areas in Elizabeth Town:
The most desirable suburbs in Elizabeth Town include Elizabeth Town Centre, Westbury Road Area, Forth River Area, Old Formosa Area, Pipers River Area, and Meander Valley Area.
Areas like Elizabeth Town Centre and Westbury Road Area are known for their family-friendly amenities and community activities.
Forth River Area and Pipers River Area are excellent for those seeking beautiful natural surroundings and outdoor activities.
The average house price in Elizabeth Town varies by area but generally ranges from $350,000 to $600,000.
Public transport is available but somewhat limited; having a car is recommended for ease of mobility.
Properties range from single-family homes, townhouses, and cottages to larger rural estates.
Elizabeth Town Centre has the highest concentration of services, shops, and community facilities.
Yes, particularly in the Elizabeth Town Centre and Westbury Road areas, there are several schools catering to families.
The rental market offers various options from $1,200 to $1,800 per month, depending on the area and type of property.
Yes, several areas offer affordable properties suitable for first-home buyers, particularly in the Centre and Westbury Road Area.
Conclusion on the Best Residential Areas in Elizabeth Town:
In summary, Elizabeth Town offers a diverse selection of residential areas, each with its unique charm and lifestyle benefits. Whether you prefer the convenience of living in the Centre, the tranquillity of the Forth River and Pipers River Areas, or the historical character of Old Formosa, there's something to suit everyone. Understanding the amenities, housing options, and overall ambiance of each area can greatly assist potential buyers and tenants in making informed decisions. With its welcoming community, rich culture, and beautiful natural environment, Elizabeth Town is a wonderful place to call home.
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.