Suburb Profile Report for West Hobart TAS (7000)

West Hobart House: Median price $630,500, Annual capital growth 5.63%, Number of sales 91, Weekly median advertised rent $485

West Hobart Unit: Median price $476,000, Annual capital growth 5.95%, Number of sales 25, Weekly median advertised rent $395

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in West Hobart, 7000 have given investors a capital gain of 17.85%. This compares very favourably with the 8.18% for TAS as a whole.

If we look at median property appreciation over just the last three months, West Hobart has given property investors a paper return of 0.64%. This puts Suburb as 117 on a list of fastest fasting appreciating suburbs in TAS

State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.05% offered to property buyers. Sellers in West Hobart itself are offering an average vendor discount of -4.80% to real estate investors.

Using the current median advertised rental of $485 and the average annual increase in value of a median property of 5.63%, investors should hope to achieve an overall return of 4.00%

West Hobart, 7000 ranked 2nd 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

West Hobart,7000 was ranked 65 in Australia by increase in median property value over the quarter.

Vendor discounting in West Hobart is giving property investors an average Vendor Discount of around -3.82%. This puts suburb at number 35th in TAS when ranking the most discounted suburbs.

Property investors should expect to get $395 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$630,500 $476,000
0.64% 11.67%
17.85% 37.97%
5.63% 5.95%
$485 $395
91 25
4.00% 4.32%
24.43 34.27

Source: CoreLogic

DSR Score for property investment : Very good (H), Very 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
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