AREA REPORTS

West Hobart

TAS/
West hobart

Suburb Profile

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

house
unit

Property investors enjoyed capital gains of 6.71% 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 38.61% 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 $550 based on current median home prices for the suburb.

On average, rents on listings have reached the $550 mark, reflecting a 4.09% increase in returns based on the current median price in WEST HOBART.

WEST HOBART, 7000 ranks 135th in TAS in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 116th on the list of best yielding suburbs for rental properties in TAS, posting a 4.09% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $700,000 $480,500
GROWTH REPORT
Median Quarterly 0% 3.78%
Median 12 month 6.71% -7.86%
Median 3 years 38.61% 20.13%
Median 5 years 48.94% 31.64%
10 years average annual 5.6% 7.51%
Weekly media advert. rent $550 $390
Time on Market 28.9 days 16.3 days
Gross Rental Yield Percent 4.09% 4.22%
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

Expert insight: Sydney’s growth suburbs as of June 2019

After a period of consistent downturn, property experts are now hopeful that the Sydney property market will begin its recovery soon. How ca...

Building being constructed

Experts divided on ‘crisis’ in Australian construction

While events surrounding the Mascot Towers situation have placed greater attention on the quality of buildings, experts are split on what th...

Crowd of people

Population growth driving greater housing demand, analysis finds

Analysis of fresh data from the Australian Bureau of Statistics (ABS) has found population growth is on the rise for the most part, leading ...

4 tips to give your backyard the winter wow factor

If investors are trying to sell their property while temperatures are dropping, it’s important to create a cosy, inviting atmosphere. To g...

Aerial shot of property

Why interest rates no longer affect property values

Interest rates have always been seen as the big influencer of property values in Australia. But not any longer. Here’s why. ...

Airbnb

ATO to scrutinise short-term rentals this tax time

Investors with properties on short-term rental sites who didn’t see any income will be closely examined by the ATO this financial year, ac...

Website Notifications

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