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North Hobart

Suburb Profile

North Hobart - FREE SUBURB PROFILE REPORT
POSTAL CODE: TAS,7000

house
unit

Property investments in NORTH HOBART did not fare well against the rest of the country last year, registering a median home price decrease of -2.17%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains NORTH HOBART, 7000 saw average growth in the long term.

Real estate investors could earn a rental income of $525 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 28.4 days.

Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $675,000.

NORTH HOBART ranks 129th on the list of best yielding suburbs for rental properties in TAS, posting a 4.04% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $675,000 $552,850
GROWTH REPORT
Median Quarterly -0.74% -0.63%
Median 12 month -2.17% -8.62%
Median 3 years 41.36% 24.24%
Median 5 years 73.08% 43.41%
10 years average annual 7.06% 4.69%
Weekly media advert. rent $525 $422.5
Time on Market 28.4 days 52.3 days
Gross Rental Yield Percent 4.04% 3.97%
demographics (median values)
Total Population
2497
Weekly Household Income
937
Household Size
2.10
demographics
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