West Hobart

POSTAL CODE: TAS, 7000
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Property investors enjoyed capital gains of 1.33% 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.

This number can mean, real estate investors could earn a rental income of $615 based on current median home prices for the suburb.

On average, rents on listings have reached the $615 mark, reflecting a 3.37% increase in returns based on the current median price in WEST HOBART.

WEST HOBART, 7000 ranks 113th in TAS in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 110th on the list of best yielding suburbs for rental properties in TAS, posting a 3.37% return.

Surburb overview

West Hobart is a suburb located approximately 2 kilometres west of the central business district (CBD) of Hobart, Tasmania. Its close proximity to the city centre makes it an ideal location for those who work or frequently visit the CBD, offering a convenient urban lifestyle with a touch of suburban tranquillity.

The population of West Hobart is around 5,500 residents, according to the latest census data. The suburb boasts a diverse demographic, including young professionals, families, and retirees. This mix contributes to a vibrant community atmosphere, with a balanced representation of different age groups.

West Hobart falls under the jurisdiction of the City of Hobart local government area. This ensures residents benefit from well-maintained infrastructure and services provided by the capital city of Tasmania. Public transportation in West Hobart is efficient, with regular bus services connecting the suburb to Hobart's CBD and other nearby areas. This accessibility makes it easy for residents to commute and travel for work or leisure.

The suburb is well-equipped with a range of nearby establishments and amenities. Schools such as Lansdowne Crescent Primary School and Goulburn Street Primary School serve the local community, providing quality education options for families. For shopping needs, residents have access to the West Hobart Gourmet Grocer and the Hill Street Grocer, both offering a variety of fresh produce and specialty items.

West Hobart is also known for its green spaces and recreational facilities. The Knocklofty Reserve is a significant natural attraction in the area, offering walking tracks, wildlife spotting opportunities, and panoramic views of Hobart. This reserve is popular among hikers, joggers, and nature enthusiasts. Additionally, the suburb has several parks and playgrounds, including John Doggett Park, which is well-frequented by families and children.

The community spirit in West Hobart is strong, with various local events and activities organised throughout the year. These events foster a sense of belonging and provide residents with opportunities to connect and engage with one another.

West Hobart's blend of urban convenience, natural beauty, and community-focused living makes it a desirable suburb for a wide range of residents. Its close proximity to Hobart's CBD, combined with the availability of quality amenities and recreational options, contributes to its appeal as a prime residential location.

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