North Hobart has had a A very good year for property investment returns compared to the rest of TAS, giving investors a capital gain of 24.08% to date .
North Hobart,7000 was ranked 390 in Australia by increase in median property value over the quarter.
Property buyers and investors in North Hobart 7000 should be seeing an average reduction in asking price of around -4.70% . This means that North Hobart is holding prices well when compared to other suburbs in TAS.
North Hobart, 7000’s gross rental yield is 4.22%
Property value increases in North Hobart have tracked just higher than the TAS average of 4.06% over the last 12 months.
North Hobart7000 is located in TAS which offers an average discount of -5.49% to property investors. North Hobart itself is showing figures that indicate -2.34% is the average achievable by property buyers investing in the suburb.
Using the current median advertised rental of $385 and the average annual increase in value of a median property of 5.12%, investors should hope to achieve an overall return of 4.67%