AREA REPORTS

West Hobart

Suburb Profile

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

house
unit

Property investors enjoyed capital gains of 8.7% 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 43.37% 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 $537.5 based on current median home prices for the suburb.

On average, rents on listings have reached the $537.5 mark, reflecting a 4.1% increase in returns based on the current median price in WEST HOBART.

WEST HOBART, 7000 ranks 110th in TAS in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 106th on the list of best yielding suburbs for rental properties in TAS, posting a 4.1% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $681,000 $496,000
GROWTH REPORT
Median Quarterly 0.07% -3.31%
Median 12 month 8.7% 1.64%
Median 3 years 43.37% 37.78%
Median 5 years 62.14% 20.98%
10 years average annual 5.39% 8.04%
Weekly media advert. rent $537.5 $410
Time on Market 42.6 days 30.0 days
Gross Rental Yield Percent 4.1% 4.3%
demographics (median values)
Total Population
5523
Weekly Household Income
1046
Household Size
2.20
demographics
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