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South Hobart
AREA REPORTS

South Hobart

South Hobart - SUBURB PROFILE REPORT
POSTAL CODE: TAS, 7004

house
unit

Based on its average 5-year and quarterly capital gains SOUTH HOBART, 7004 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that SOUTH HOBART, 7004 obtained a 5.44% growth over a ten-year period. It ranks 1166th on our list of suburbs that property investors should look into.

SOUTH HOBART, 7004 in TAS belongs to the local government area of Hobart (C).

SOUTH HOBART, 7004 has a capital gain of 11.27% for the past year, which is lower than average compared to its 59.32% growth within a five-year period.

With the median home price in SOUTH HOBART sitting at $701,000, and the average rent at $490, property owners could potentially earn a 3.63% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in SOUTH HOBART are low, as opposed to average gains per annum over the past five years.

A 11.27% increase in median property prices in SOUTH HOBART, 7004 has allowed this suburb to join the ranks of best performing suburbs in TAS, settling at number 67th.

Data report can be found below

South Hobart
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $701,000 $363,722
GROWTH REPORT
Median Quarterly 1.74% 0%
Median 12 month 11.27% -29.37%
Median 3 years 14.92% -15.22%
Median 5 years 59.32% 22.47%
10 years average annual 5.44% 2.92%
Weekly media advert. rent $490 $400
Time on Market 36.6 days 59.6 days
Gross Rental Yield Percent 3.63% 5.72%
demographics (median values)*
Total Population
7481
Weekly Household Income
1453
Household Size
2.20
Age
40
Monthly Loan Repayment
1500
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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