Investment property in North Hobart has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 17.89%
North Hobart,7000 was ranked 260 in Australia by increase in median property value over the quarter.
Sellers are offering property buyers an average discount of -2.17% to buyers in North Hobart at the moment, which is less than average for the rest of TAS.
In the last year 22 properties changed hands in North Hobart, which puts it as the 120th most active market in TAS when comparing the number of sales per suburb.
Property investors should expect to get $430 weekly from the median priced house in this suburb.
TAS has seen average median house prices change by 3.78% which means that North Hobart, 7000 has done well for property investors by showing a capital gain of 20.13% over the last year
North Hobart,7000 was ranked 28 in Australia by increase in median property value over the quarter.
Using the current median advertised rental of $450 and the average annual increase in value of a median property of 6.10%, investors should hope to achieve an overall return of 4.54%