Powered by MOMENTUM MEDIA
AREA REPORTS

West Hobart

Suburb Profile

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

house
unit

Property investors enjoyed capital gains of 1.42% over the last 12 months in WEST HOBART, translating to lower returns compared with its peers in TAS.

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

The suburb posted a 16.26% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $560 based on current median home prices for the suburb.

On average, rents on listings have reached the $560 mark, reflecting a 4.07% increase in returns based on the current median price in WEST HOBART.

WEST HOBART, 7000 ranks 134th in TAS in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 117th on the list of best yielding suburbs for rental properties in TAS, posting a 4.07% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $715,000 $589,000
GROWTH REPORT
Median Quarterly 0.7% -0.17%
Median 12 month 1.42% 14.26%
Median 3 years 16.26% 47.25%
Median 5 years 51% 22.71%
10 years average annual 5.5% 5.81%
Weekly media advert. rent $560 $435
Time on Market 51.2 days 33.8 days
Gross Rental Yield Percent 4.07% 3.84%
demographics (median values)
Total Population
5523
Weekly Household Income
1046
Household Size
2.20
demographics
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Subscribe to get the latest news and updates

Commercial property

Clarity sought for commercial landlords and SME tenants

A new COVID-19 Code of Conduct compendium aims to offer clarity to SME landlords and tenants experiencing financial hardship. ...

buyers

Buyers warned against waiting for the dip

Buyers have been warned that waiting for an impending market drop over the next three months could leave them disappointed. ...

construction

Does the government’s tradie rescue package go far enough?

Industry experts have applauded the announcement of a “tradie rescue package” but do not believe that the government’s plan goes far e...

commercial code

WA kicks off COVID-19 commercial code

A new commercial lease code of conduct will help Western Australia’s commercial tenants and landlords reach rental agreements during the p...

Perth

Property market update: Perth, April 2020

As Australia and most parts of the world settle into a “new normal” following the onset of the COVID-19 pandemic, will the Perth propert...

RBA reveals June cash rate call

The Reserve Bank of Australia (RBA) has announced its decision on the official cash rate for June amid speculation the central bank will hol...

Website Notifications

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