Suburb Profile Report for North Hobart TAS (7000)

North Hobart House: Median price $526,000, Annual capital growth 5.65%, Number of sales 26, Weekly median advertised rent $415

North Hobart Unit: Median price $421,900, Annual capital growth 5.27%, Number of sales 17, Weekly median advertised rent $420

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

North Hobart is in the TOP 10% in TAS when comparing median price capital growth over the last year. North Hobart gave property investors a very good capital gain figure when compared to the rest of the state, with 20.92%.

If we look at median property appreciation over just the last three months, North Hobart has given property investors a paper return of 13.12%. This puts Suburb as 10 on a list of fastest fasting appreciating suburbs in TAS

State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.15% offered to property buyers. Sellers in North Hobart itself are offering an average vendor discount of -3.00% to real estate investors.

On average over the past year, suburb has had 2.17 sales per month, which equates to 26 per year.

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

Over the last year, property investments in North Hobart, 7000 have given investors a capital gain of -6.24%. This compares very badly with the 0.89% for TAS as a whole.

Taking the average capital gain, or increase in median house value, North Hobart,7000 has racked up an average of -6.24% over the period. This ranks it number 1007th in the whole country for real estate investors looking at median house price increases.

North Hobart7000 is located in TAS which offers an average discount of -5.48% to property investors. North Hobart itself is showing figures that indicate -2.64% is the average achievable by property buyers investing in the suburb.

In the last year 17 properties changed hands in North Hobart, which puts it as the 30th most active market in TAS when comparing the number of sales per suburb.

North Hobart, 7000’s gross rental yield is 5.18%

YIP MAG Information supplied by:

YIP MAG
July 2016

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While it is on the pricier side of things in Tasmania, with a median house price of $482,500, North Hobart looks like it could be in for a period of growth.Full summary While it is on the pricier side of things in Tasmania, with a median house price of $482,500, North Hobart looks like it could be in for a period of growth.

Encouragingly, house prices in the suburb have risen 23% over the last three years, with the last 12 months seeing growth of 17%.

Buyers seem keen at the moment to get in before further price rises, with houses in North Hobart currently on the market for just 26 days.

The solid growth has hit rental returns in the area though, with yields in North Hobart sitting at only 4%, which is lower than in many other areas of Hobart.

However, landlords are unlikely to struggle to find a tenant, as the current vacancy rate is just 0.86%, having fallen from 1.72% over the past 12 months, according to Real Estate Investar.Close
HOUSE UNIT
$526,000 $421,900
13.12% N/A
20.92% -6.24%
5.65% 5.27%
$415 $420
26 17
4.10% 5.18%
22.35 48.33

Source: CoreLogic

DSR Score for property investment : Very good (H), Above average (U)
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Demographics
Total population 2653
Median household income ($/weekly) 1159
Median age of persons 33
Median housing loan repayment ($/monthly) 1700
Average household size 2.1
  • Census Count Percent(%)
    20-24 years 379 14.3
    25-34 years 495 18.7
    35-44 years 384 14.5
    45-54 years 372 14.0
    55-64 years 297 11.2
    Others 726 27.4
    Age Group
    Census Count Percent(%)
    Not Married 1131 56.5
    Registered Married 564 28.2
    Defacto Relationship 306 15.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 2022 80.7
    Croatia 28 1.1
    Japan 26 1.0
    United Kingdom 119 4.7
    Other 90 3.6
    Others 222 8.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 42 1.8
    Christianity 1106 46.7
    Hinduism 25 1.1
    Other Religious Groups 24 1.0
    No Religion 1142 48.2
    Others 29 1.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 97 9.2
    $800-$999 95 9.0
    $1,000-$1,249 102 9.7
    $1,250-$1,499 97 9.2
    $1,500-$1,999 127 12.1
    Others 533 50.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 882 40.4
    Not in the labour force 622 28.5
    Employed, worked part-time 518 23.7
    Unemployed, looking for work 81 3.7
    Employed, away from work 79 3.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 156 10.5
    Professionals 508 34.3
    Technicians & trades workers 143 9.6
    Community & personal service workers 202 13.6
    Clerical & administrative workers 208 14.0
    Others 266 17.9
    Occupation
    Census Count Percent(%)
    Infants/Primary 136 20.3
    Secondary 148 22.1
    Technical or Further Educational Institution 85 12.7
    University or other Tertiary Institutions 267 39.9
    Other type of educational institution 19 2.8
    Others 15 2.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1325 56.1
    Semi-detached, row or terrace house, townhouse 569 24.1
    Flat, unit or apartment 445 18.9
    House or flat attached to a shop, office 21 0.9
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 601 53.3
    Being purchased 300 26.6
    Fully owned 222 19.7
    Other tenure type 5 0.4
    Tenure Type
Census 2011, ABS
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