Suburb Profile Report for Hobart TAS (7000)

Hobart House: Median price $626,000, Annual capital growth 8.21%, Number of sales 17, Weekly median advertised rent $410

Hobart Unit: Median price $480,000, Annual capital growth 1.90%, Number of sales 53, Weekly median advertised rent $460

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Hobart, 7000 ranked 8th in TAS when comparing growth in median property values or capital gain over the last 12 months. Hobart is one of 606 in our list for TAS

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Hobart has increased when compared to the 5 year average annual rate.

Hobart, 7000 is offering TAS ‘s 132th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this TAS.

Often selling an investment property can take time, and in Hobart the average time real estate has been on the market is 41.78 days.

Hobart is 128th on a list of best yielding suburbs for rents in TAS with a 3.41% return

If you compare the increase in value of investment property in Hobart, 7000 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this TAS suburb was 3.90%.

A -4.00% growth in median value for property investors in Hobart,7000 puts this suburb at number 25th in terms of best performing suburbs in TAS

The most recent median price for Hobart is $480000, with sellers offering an average of -3.96% off the asking price.

The TAS suburb of Hobart, 7000 is in the Hobart local government area.

Information supplied by:




M
O

W
E
You can’t get closer to the centre of Hobart than this suburb. One of Tasmania’s most desirable locations, postcode 7000 offers unparalleled employment opportunities and amenities. Admittedly, properties aren’t cheap compared to the rest of the Apple Isle.

Full summary

You can’t get closer to the centre of Hobart than this suburb. One of Tasmania’s most desirable locations, postcode 7000 offers unparalleled employment opportunities and amenities. Admittedly, properties aren’t cheap compared to the rest of the Apple Isle.

“Battery Point and Hobart CBD both offer investment opportunities,” says Andrew Peck, director of Herron Todd White Tasmania. “These are the premium suburbs and will be in the future. The return on initial investment may not be fantastic; however there are strong capital growth prospects.”

He adds that the inner city residential area of Hobart itself has seen some of the best returns over the past 10 years.

“In 1998 the median price was a mere $125,000. 2008 saw the median price increase to $480,000,” adds Peck. “That represents a 284% increase in the 10-year period. The convenience of surrounding amenities is a huge drawcard to the area, plus the bonus of CBD locale. Surely Hobart’s CBD must be seen as one on the best places for long term investment.”

My Property Hunter principal Rob Zubin suggests the area around Collins Street, Argyle Street and Campbell Street as featuring some unit and townhouse developments that are often in demand due to their proximity to the Royal Hobart Hospital.

Close
HOUSE UNIT
$626,000 $480,000
N/A 0.00%
25.20% 3.90%
8.21% 1.90%
$410 $460
17 53
3.41% 4.98%
41.78 54.57

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
Find a mortgage broker in Hobart TAS
Demographics
Total population 2102
Median household income ($/weekly) 1099
Median age of persons 32
Median housing loan repayment ($/monthly) 1733
Average household size 1.9
  • Census Count Percent(%)
    20-24 years 367 17.5
    25-34 years 483 23.0
    35-44 years 239 11.4
    45-54 years 215 10.2
    55-64 years 239 11.4
    Others 558 26.6
    Age Group
    Census Count Percent(%)
    Not Married 794 59.3
    Registered Married 355 26.5
    Defacto Relationship 189 14.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 1316 71.5
    Croatia 43 2.3
    Indonesia 59 3.2
    United Kingdom 96 5.2
    Other 88 4.8
    Others 238 12.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 67 4.0
    Christianity 766 45.6
    Hinduism 43 2.6
    Islam 30 1.8
    No Religion 751 44.7
    Others 24 1.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 78 11.1
    $600-$799 67 9.5
    $800-$999 71 10.1
    $1,000-$1,249 68 9.7
    $1,500-$1,999 81 11.5
    Others 337 48.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 686 40.0
    Not in the labour force 598 34.8
    Employed, worked part-time 314 18.3
    Unemployed, looking for work 72 4.2
    Employed, away from work 47 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 158 15.1
    Professionals 369 35.2
    Community & personal service workers 123 11.7
    Clerical & administrative workers 156 14.9
    Sales 91 8.7
    Others 151 14.4
    Occupation
    Census Count Percent(%)
    Infants/Primary 46 10.5
    Secondary 63 14.4
    Technical or Further Educational Institution 48 10.9
    University or other Tertiary Institutions 259 59.0
    Other type of educational institution 15 3.4
    Others 8 1.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 638 44.0
    Separate house 374 25.8
    Semi-detached, row or terrace house, townhouse 320 22.1
    House or flat attached to a shop, office 113 7.8
    Caravan, cabin, houseboat 5 0.3
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 484 64.0
    Fully owned 128 16.9
    Being purchased 116 15.3
    Other tenure type 28 3.7
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals