Fast 50 Report 2026 Banner

North Hobart

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 -10.38%.

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 $630 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 49.6 days.

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

Property investors perceived the median home price rise to $855,000.

NORTH HOBART ranks 93rd on the list of best yielding suburbs for rental properties in TAS, posting a 3.83% return.

Surburb overview

North Hobart, with the postcode 7000, is a vibrant suburb located just 2 kilometres north of Hobart’s central business district in Tasmania. Known for its eclectic mix of heritage buildings, trendy cafes, diverse dining options, and lively arts scene, North Hobart offers a dynamic urban lifestyle. The population of North Hobart is around 3,000 residents, comprising a diverse mix of young professionals, families, students, and retirees.

North Hobart falls under the jurisdiction of the City of Hobart, which ensures well-maintained infrastructure and community services. Public transportation is well-served by Metro Tasmania buses, providing regular services to Hobart’s CBD and surrounding suburbs, making commuting convenient for residents. The suburb is also easily accessible by car, bike, or on foot, given its proximity to the city centre.

Educational facilities in North Hobart include several reputable schools catering to families with children of all ages. Lansdowne Crescent Primary School, Hobart College, and Elizabeth College are among the well-regarded institutions in the area. The Friends’ School, an independent co-educational school offering education from early learning through to Year 12, is also located nearby. For higher education, residents have easy access to the University of Tasmania’s Sandy Bay campus and various vocational training centres in Hobart.

North Hobart is a dining and entertainment hub, renowned for its vibrant Elizabeth Street, which is lined with a wide variety of cafes, restaurants, and bars offering cuisines from around the world. This bustling street is the heart of North Hobart’s social life, providing residents and visitors with numerous options for dining, socialising, and entertainment. The State Cinema, a historic and iconic independent cinema, offers a diverse selection of films and adds to the cultural vibrancy of the area.

North Hobart residents have access to various local shops, supermarkets, and specialty stores along Elizabeth Street and nearby areas. The Hobart CBD, with its extensive retail and commercial facilities, is also just a short distance away, providing additional shopping, dining, and entertainment options.

John Doggett Park and Soundy Park are popular local spots featuring playgrounds, picnic areas, and open spaces for relaxation and outdoor activities. The nearby Queens Domain offers extensive recreational facilities, including walking tracks, sports fields, and the Royal Tasmanian Botanical Gardens.

Residents of North Hobart benefit from its proximity to Hobart, allowing easy access to the city’s cultural and recreational attractions, including the Tasmanian Museum and Art Gallery, the Salamanca Market, and the waterfront precinct. The suburb's strategic location also makes it a convenient base for exploring the natural beauty of the surrounding region, including Mount Wellington and the Derwent Valley.

You’re out of free articles for this month
Loading form...