Suburb Profile Report for West Hobart TAS (7000)

West Hobart House: Median price $621,000, Annual capital growth 6.33%, Number of sales 80, Weekly median advertised rent $485

West Hobart Unit: Median price $397,750, Annual capital growth 4.48%, Number of sales 24, Weekly median advertised rent $343

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

Source: CoreLogic

  • House Report
  • Unit Report

West Hobart has had a A very good year for property investment returns compared to the rest of TAS, giving investors a capital gain of 23.58% to date .

When looking at the potential capital gains offered to property investors over the last 3 years, West Hobart comes in at number 9th in TAS.

State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.01% offered to property buyers. Sellers in West Hobart itself are offering an average vendor discount of -5.12% to real estate investors.

West Hobart, 7000’s gross rental yield is 4.06%

West Hobart has had a A very good year for property investment returns compared to the rest of TAS, giving investors a capital gain of 19.98% to date .

Comparing West Hobart,7000 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period

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 -5.45% is being offered, which puts this TAS suburb at 644th 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 47.5 days.

Metrics i HOUSE UNIT
$621,000 $397,750
6.77% 15.29%
23.58% 19.98%
6.33% 4.48%
$485 $343
80 24
4.06% 4.48%
30.05 47.5

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 5800
Median household income ($/weekly) 1345
Median age of persons 37
Median housing loan repayment ($/monthly) 1625
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 664 11.4
    25-34 years 842 14.5
    35-44 years 920 15.9
    45-54 years 897 15.5
    55-64 years 705 12.2
    Others 1772 30.6
    Age Group
    Census Count Percent(%)
    Not Married 2087 47.9
    Registered Married 1690 38.8
    Defacto Relationship 579 13.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 4544 82.6
    Croatia 39 0.7
    Papua New Guinea 78 1.4
    United Kingdom 322 5.9
    Other 141 2.6
    Others 380 6.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 83 1.6
    Christianity 2349 45.1
    Islam 31 0.6
    Other Religious Groups 47 0.9
    No Religion 2681 51.5
    Others 19 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 210 9.7
    $1,000-$1,249 190 8.8
    $1,500-$1,999 288 13.3
    $2,000-$2,499 212 9.8
    $2,500-$2,999 195 9.0
    Others 1070 49.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1849 40.4
    Not in the labour force 1259 27.5
    Employed, worked part-time 1135 24.8
    Employed, away from work 170 3.7
    Unemployed, looking for work 164 3.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 428 13.6
    Professionals 1266 40.2
    Technicians & trades workers 289 9.2
    Community & personal service workers 316 10.0
    Clerical & administrative workers 406 12.9
    Others 443 14.1
    Occupation
    Census Count Percent(%)
    Pre-school 45 3.0
    Infants/Primary 475 31.5
    Secondary 324 21.5
    Technical or Further Educational Institution 137 9.1
    University or other Tertiary Institutions 497 32.9
    Others 32 2.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4394 80.9
    Flat, unit or apartment 541 10.0
    Semi-detached, row or terrace house, townhouse 474 8.7
    House or flat attached to a shop, office 20 0.4
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 868 36.7
    Fully owned 746 31.5
    Being purchased 738 31.2
    Other tenure type 13 0.5
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals