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West Hobart
AREA REPORTS

West Hobart

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

house
unit

Property investors enjoyed capital gains of 8.29% 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 16.18% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $530 based on current median home prices for the suburb.

On average, rents on listings have reached the $530 mark, reflecting a 3.49% increase in returns based on the current median price in WEST HOBART.

WEST HOBART, 7000 ranks 125th 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 3.49% return.

Data report can be found below

West Hobart
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $790,000 $640,000
GROWTH REPORT
Median Quarterly 3% -1.54%
Median 12 month 8.29% 2.32%
Median 3 years 16.18% 26.11%
Median 5 years 58% 88.24%
10 years average annual 6% 7.02%
Weekly media advert. rent $530 $405
Time on Market 41.7 days 30.0 days
Gross Rental Yield Percent 3.49% 3.29%
demographics (median values)*
Total Population
13837
Weekly Household Income
1450
Household Size
2.20
Age
37
Monthly Loan Repayment
1733
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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