Suburb Profile


HOBART ranks 51st in TAS when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 7.37% for the past year is lower than average compared to its 55.8% growth within a five-year period.

Also in HOBART, the median home price is sitting at $779,000, and the average rent at $520, this suggests property owners could potentially earn a 3.47% increase in gross rental yield.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 5.77% growth over a ten-year period. It ranks 1426th on our list of suburbs that property investors should look into.

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.

Data report can be found below

Median Price $779,000 $683,000
Median Quarterly N/A 2.32%
Median 12 month 7.37% -1.01%
Median 3 years 17.58% 20.83%
Median 5 years 55.8% 43.04%
10 years average annual 5.77% 6.11%
Weekly media advert. rent $520 $500
Time on Market 0.0 days 29.2 days
Gross Rental Yield Percent 3.47% 3.81%
demographics (median values)
Total Population
Weekly Household Income
Household Size
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Household Income
Labour Force
Marital Status
Religious Affiliation
Tenure Type

Subscribe to get the latest news and updates

Double-digit price growth to stick around as ‘property boom’ arrives

Double-digit price growth to stick around as ‘property boom’ arrives

According to leading indicators, Australia’s property boom officially began in November, following several slow months on the back of the ...

Sydney, Melbourne boast highest capital city sales

Sydney, Melbourne boast highest capital city sales

After a COVID-induced downturn, Sydney and Melbourne have reinforced their continued recovery, logging more sales than the remaining capital...

Housing construction to ‘bottom out’ mid-2021

The construction of new homes in Australia is forecast to “get worse before it gets better”, according to Deloitte Access Economics, b...

Inner Sydney rental vacancies stabilise as exodus from middle ring continues

Inner Sydney rental vacancies stabilise as exodus from middle ring continues

Sydney’s inner ring continued to attract tenants in December as the end of 2020 brought more stability to the rental accommodation market ...

COVID trends

COVID trends: Will they continue in 2021?

Despite suffering its first recession in almost 30 years, Australian property markets remained remarkably resilient in the face of a global ...

Melbourne property ends 2020 with a $900k bang

Melbourne property ends 2020 with a $900k bang

For the first time, Metropolitan Melbourne house values have surpassed a median price of $900,000. ...

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.