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HOBART ranks 174th in TAS when it comes to estimated capital gains experienced by property investors over the past three years.

Also in HOBART, the median home price is sitting at $796,300, and the average rent at $550, this suggests property owners could potentially earn a 3.59% increase in gross rental yield.

Property investors have seen a 0% gain in HOBART based on an increase in median home prices for the past three months.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 7.15% growth over a ten-year period. It ranks 611th on our list of suburbs that property investors should look into.

A steady increase in median property prices over a five-year period in HOBART, 7000 translates to a 9.65% capital gain.

HOBART, 7000 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $687,500.

Real estate investors could earn a rental income of $505 based on current median home prices for the suburb.

Home owners selling their properties and realtors in HOBART usually have to wait an average of 43.8 days days before their assets are lifted off the market.

HOBART ranks 58th on the list of best yielding suburbs for rental properties in TAS, posting a 3.82% return.

HOBART, 7000 places 17th in Australia based on median property value growth during the quarter.

Surburb overview

The city of Hobart is one real estate hotspot that offers the best value for first time and seasoned investors keen on purchasing a vacation home or property to rent out. Hobart real estate is booming, especially in West Hobart, where the average home price continues to move upwards and hover just a little above the $600,000 mark. In Hobart itself, the median prices of homes have climbed by 9 per cent, while unit prices have gone up by 3.18 per cent. Rental yield for houses also increased by 4.48 per cent, and units by 5.28 per cent in the past 12 months.

Things to do in Hobart

With a stunning coast perfect for sailing and swimming, Hobart is a top destination for sun-loving mainlanders during the summer; one much-awaited event include the Sydney to Hobart Yacht Race. But the suburb has a lot more to offer to tourists and real estate owners all year round, even when the Hobart weather is colder than usual. During the winter solstice, travellers and residents can indulge in music and art at the Dark Mofo festival. They can also join a cycling tour of Mount Wellington, whose commanding view can be seen from any point in the city.

Those looking for a laid-back way to while away the time meanwhile can head over to the Hobart Village Cinema or Theatre Royal. Hobart restaurants have also upped the ante in recent years, making them a must-visit for seasonal and local gastronomic delights.