Suburb Profile Report for Hobart TAS (7000)

Hobart House: Median price $600,000, Annual capital growth 6.21%, Number of sales 17, Weekly median advertised rent $400

Hobart Unit: Median price $452,000, Annual capital growth 0.48%, Number of sales 59, 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 has had a A very good year for property investment returns compared to the rest of TAS, giving investors a capital gain of 23.97% to date .

If we look at median property appreciation over just the last three months, Hobart has given property investors a paper return of 3.00%. This puts Suburb as 49 on a list of fastest fasting appreciating suburbs in TAS

Hobart, 7000 is offering TAS ‘s 48th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% 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 54.57 days.

Using the current median advertised rental of $400 and the average annual increase in value of a median property of 6.21%, investors should hope to achieve an overall return of 3.47%

TAS has seen average median house prices change by 4.06% which means that Hobart, 7000 has done well for property investors by showing a capital gain of -6.80% over the last year

Taking the average capital gain, or increase in median house value, Hobart,7000 has racked up an average of -6.80% over the period. This ranks it number 1066th in the whole country for real estate investors looking at median house price increases.

Property investors looking for a bargain in Hobart should be aiming for at least -3.96% off the asking price, which is the average vendor discount being achieved at the moment.

In the last year 59 properties changed hands in Hobart, which puts it as the 5th most active market in TAS when comparing the number of sales per suburb.

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

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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.

$600,000 $452,000
3.00% -5.83%
23.97% -6.80%
6.21% 0.48%
$400 $460
17 59
3.47% 5.29%
54.57 49.48

Source: CoreLogic

DSR Score for property investment : Very good (U), Good (H)
Find a mortgage broker in Hobart TAS
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
    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
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