South Hobart

POSTAL CODE: TAS, 7004
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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 7.14% growth over a ten-year period. It ranks 1825th on our list of suburbs that property investors should look into.

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

SOUTH HOBART, 7004 has a capital gain of -6.26% for the past year, which is lower than average compared to its 18.64% growth within a five-year period.

With the median home price in SOUTH HOBART sitting at $830,500, and the average rent at $565, property owners could potentially earn a 3.54% 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.

Surburb overview

South Hobart, a historic and picturesque suburb located approximately 3 kilometres southwest of Hobart’s central business district. Nestled at the base of Mount Wellington, South Hobart offers residents a unique blend of urban convenience and serene natural beauty.

The suburb has a population of around 5,000 residents. South Hobart’s proximity to the city centre, combined with its tranquil setting, makes it an attractive place for those seeking a balanced lifestyle.

South Hobart falls under the jurisdiction of the City of Hobart local government area. The council is dedicated to maintaining the suburb’s infrastructure and providing essential services.

Public transportation in South Hobart is well-developed, with several bus routes connecting the suburb to Hobart and other nearby areas. The suburb's road infrastructure is also excellent, facilitating smooth travel for those who prefer to drive.

The suburb is home to several educational institutions, including South Hobart Primary School, which serves the educational needs of young children. For secondary education and more specialised services, residents have access to nearby schools in Hobart, including Hobart College and The Friends’ School.

Healthcare services in South Hobart are readily accessible, with the nearby Royal Hobart Hospital providing comprehensive medical care. Additionally, there are several medical clinics and pharmacies within the suburb.

South Hobart boasts a variety of shops, cafes, and restaurants that cater to diverse tastes and preferences. The South Hobart Village provides residents with easy access to daily necessities and leisure activities, offering everything from grocery stores to boutique shops and eateries.

The suburb is bordered by the stunning Wellington Park, which offers numerous walking and hiking trails, including the popular Pipeline Track and the challenging ascent to Mount Wellington’s summit. These trails provide residents with opportunities to explore Tasmania’s natural beauty and enjoy breathtaking views of Hobart and the surrounding areas.

South Hobart has several local sports clubs and facilities, including football, cricket, and tennis clubs, which foster a strong sense of community and encourage an active lifestyle. The local community centre and parks, such as the historic Cascade Gardens, host various events, meetings, and social gatherings, enhancing the suburb’s vibrant community life.

South Hobart’s combination of historic charm, natural beauty, and modern amenities makes it a desirable place to live. Its proximity to Hobart’s city centre, excellent public services, and vibrant community atmosphere offer residents a balanced and fulfilling lifestyle.

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