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Sandy Bay is a suburb of the city of Hobart, Tasmania, Australia, located immediately south of the central business district, and adjoins the suburb of Battery Point. Sandy Bay is bounded on the east by the Derwent River, and has several beaches along the shore, the main beaches with public access are Nutgrove Beach and Long Beach.
The suburb has many large homes, and is known as one of the city's prestigious areas. In the more southern areas of Sandy Bay, close to the water and also high on the slopes of Mt Nelson, are some of Tasmania's most expensive real estate. It is also the site of the Hobart campus of the University of Tasmania, and the private schools, Fahan School, The Hutchins School, and Mount Carmel College, Sandy Bay. There is considerable diversity within the suburb. The area surrounding the University of Tasmania is home to considerable student accommodation.
Sandy Bay is accessible from the city via Sandy Bay Road, which runs from Davey Street in the city all the way to the Kingborough municipal boundary at Taroona where it becomes the Channel Highway. Before the construction of the Southern Outlet, the road was the primary route to and from Kingston. The higher parts of Sandy Bay are accessible via Regent Street, which bypasses the main shopping district and goes through the University to Churchill Avenue and Lower Sandy Bay.
Australia's first legal casino, Wrest Point Hotel Casino, was opened in 1973 at the site of the former Wrest Point Riviera hotel.