TAS/
West hobart

Suburb Profile

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

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Property investors enjoyed capital gains of 9.88% 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 42.61% 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 $490 based on current median home prices for the suburb.

On average, rents on listings have reached the $490 mark, reflecting a 3.88% increase in returns based on the current median price in WEST HOBART.

WEST HOBART, 7000 ranks 90th in TAS in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 115th on the list of best yielding suburbs for rental properties in TAS, posting a 3.88% return.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $656,000 $508,000
GROWTH REPORT
Median Quarterly 4.04% 1.6%
Median 12 month 9.88% 39.75%
Median 3 years 42.61% 31.1%
Median 5 years 57.69% 27%
10 years average annual 4.89% 6.54%
Weekly media advert. rent $490 $382.5
Time on Market 27.1 days 40.2 days
Gross Rental Yield Percent 3.88% 3.92%
demographics (median values)
Total Population
5523
Weekly Household Income
1046
Household Size
2.20
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West Hobart, TAS
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