At number 505th in the list of Australian suburbs ordered by increase in median house value over the last year, North Hobart, 7000 is in the top 20% with a property value increase of 15.06% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, North Hobart comes in at number 22th in TAS.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.06% offered to property buyers. Sellers in North Hobart itself are offering an average vendor discount of -3.00% to real estate investors.
Investment property in North Hobart has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -6.24%
When looking at the potential capital gains offered to property investors over the last 3 years, North Hobart comes in at number 17th in TAS.
The most recent median price for North Hobart is $421900, with sellers offering an average of -2.64% off the asking price.
Residents and property investors in North Hobart have been waiting around 49.54 days to sell a property.
North Hobart is 47th on a list of best yielding suburbs for rents in TAS with a 4.93% return