Investment property in West Hobart has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 19.19%
West Hobart,7000 has offered an average of 19.19% return per annum in house price rises to property investors over the last three years.
The most recent median price for West Hobart is $625750, with sellers offering an average of -5.38% off the asking price.
Using the current median advertised rental of $495 and the average annual increase in value of a median property of 5.46%, investors should hope to achieve an overall return of 4.11%
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 29.17% to date .
When looking at the potential capital gains offered to property investors over the last 3 years, West Hobart comes in at number 10th in TAS.
Vendor discounting in West Hobart is giving property investors an average Vendor Discount of around -5.83%. This puts suburb at number 15th in TAS when ranking the most discounted suburbs.
A $380 per week rent on the median house gives suburb investors a gross yield of circa 4.64%, without taking into account capital value appreciation, which has been averaging out at 4.43%.