Giving property investors a a solid capital gain of 23.08% for the last year, West Hobart, 7000 is the 216th highest performer in Australia in this respect.
Comparing West Hobart,7000 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
At number 101th 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.
On average over the past year, suburb has had 7.00 sales per month, which equates to 84 per year.
Using the current median advertised rental of $495 and the average annual increase in value of a median property of 6.18%, investors should hope to achieve an overall return of 4.02%
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 20.76%
Across a shorter period, West Hobart, 7000 has seen a median price increase of 9.63% over the last quarter.
Property investors looking for a bargain in West Hobart should be aiming for at least -5.40% off the asking price, which is the average vendor discount being achieved at the moment.
Advertised rents are around the $380 mark per week – giving a return of 4.96% based on the median price in Suburb