Property value increases in West Hobart have tracked higher than the TAS average of 3.72% over the last 12 months.
When looking at the potential capital gains offered to property investors over the last 3 years, West Hobart comes in at number 14th in TAS.
Property investors looking for a bargain in West Hobart should be aiming for at least -4.75% off the asking price, which is the average vendor discount being achieved at the moment.
Situated 1.62km from the CBD, West Hobart is one of Hobart localities in the postcode 7000.
West Hobart has had a very poor year for property investment returns compared to the rest of TAS, giving investors a capital gain of -7.82% to date .
The five-year average increase in median property values for West Hobart,7000 has given property investors a potential capital gain of -4.65% across each of those five years.
Sellers are offering property buyers an average discount of -5.29% to buyers in West Hobart at the moment, which is less than average for the rest of TAS.
Advertised rents are around the $335 mark per week – giving a return of 5.28% based on the median price in Suburb