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.