West Hobart, 7000 ranked 29th in TAS when comparing growth in median property values or capital gain over the last 12 months. West Hobart is one of 606 in our list for TAS
Across a shorter period, West Hobart, 7000 has seen a median price increase of 2.06% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that West Hobart is offering property investors an average of -7.05. This rate of discount on properties puts Suburb at number 83th in terms of most discounted suburbs in TAS
The TAS suburb of West Hobart, 7000 is in the Hobart local government area.
With a capital gain of -9.40% for the last 12 months, West Hobart, 7000 has performed for property investments than its average annual 3.49% property growth over the last 5 years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in West Hobart, 7000. Typically our figures indicate that -5.02% is being offered, which puts this TAS suburb at 726th most discounted overall in Australia.
Often selling an investment property can take time, and in West Hobart the average time real estate has been on the market is 59.71 days.
A $315 per week rent on the median house gives suburb investors a gross yield of circa 5.04%, without taking into account capital value appreciation, which has been averaging out at 3.49%.