HOBART ranks 14th in TAS when it comes to estimated capital gains experienced by property investors over the past three years.
The suburb’s capital gain of 9.79% for the past year is higher than average compared to its 47.88% growth within a five-year period.
This figures put the ATC suburb in the ranks of the best performing suburbs in Australia in terms of capital gains.
Also in HOBART, the median home price is sitting at $645,000, and the average rent at $575, this suggests property owners could potentially earn a 4.64% increase in gross rental yield.
Property investors have seen a 5.74% 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 6.75% growth over a ten-year period. It ranks 752nd on our list of suburbs that property investors should look into.
A 33.77% increase in median property prices in HOBART, 7000 has allowed this suburb to join the ranks of best performing suburbs in TAS, settling at number 3rd.
A steady increase in median property prices over a five-year period in HOBART, 7000 translates to a 35.56% 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 $610,000.
Augmented property values in HOBART are trailing above the TAS average of 8.89% for the past year.
Real estate investors could earn a rental income of $500 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 25.3 days days before their assets are lifted off the market.
HOBART ranks 39th on the list of best yielding suburbs for rental properties in TAS, posting a 4.26% return.
HOBART, 7000 places 10th in Australia based on median property value growth during the quarter.