Suburb Profile Report for West Hobart TAS (7000)

West Hobart House: Median price $565,000, Annual capital growth 4.63%, Number of sales 68, Weekly median advertised rent $470

West Hobart Unit: Median price $330,000, Annual capital growth 4.09%, Number of sales 25, Weekly median advertised rent $335

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

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a a solid capital gain of 16.49% for the last year, West Hobart, 7000 is the 387th highest performer in Australia in this respect.

The five-year average increase in median property values for West Hobart,7000 has given property investors a potential capital gain of 24.18% across each of those five years.

Property investors looking for a bargain in West Hobart should be aiming for at least -6.38% off the asking price, which is the average vendor discount being achieved at the moment.

West Hobart, 7000’s gross rental yield is 4.33%

Investment property in West Hobart has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -8.97%

When looking at the potential capital gains offered to property investors over the last 3 years, West Hobart comes in at number 43th in TAS.

At number 28th of TAS’s most discounted properties, West Hobart is in the TOP 40% of the state/territory when listing in order of most discounted to least.

Often selling an investment property can take time, and in West Hobart the average time real estate has been on the market is 55.93 days.

The TAS suburb of West Hobart, 7000 is in the Hobart local government area.

HOUSE UNIT
$565,000 $330,000
6.40% 2.96%
16.49% -8.97%
4.63% 4.09%
$470 $335
68 25
4.33% 5.28%
37.79 55.93

Source: CoreLogic

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