Suburb Profile Report for West Hobart TAS (7000)

West Hobart House: Median price $626,500, Annual capital growth 5.40%, Number of sales 84, Weekly median advertised rent $485

West Hobart Unit: Median price $488,000, Annual capital growth 6.38%, Number of sales 24, Weekly median advertised rent $383

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in West Hobart, 7000 should be pleased with this TAS suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 17.10%

A 45.70% growth in median value for property investors in West Hobart,7000 puts this suburb at number 135th in terms of best performing suburbs in TAS

Property buyers and investors in West Hobart 7000 should be seeing an average reduction in asking price of around -4.87% . This means that West Hobart is holding prices well when compared to other suburbs in TAS.

Renters in Suburb are facing rents around $5820 per annum or $485 every week.

At number 2nd in the list of Australian suburbs ordered by increase in median house value over the last year, West Hobart, 7000 is in the top 10% with a property value increase of 47.88% recorded in median house prices.

The five-year average increase in median property values for West Hobart,7000 has given property investors a potential capital gain of 28.42% across each of those five years.

At number 14th of TAS’s most discounted properties, West Hobart is in the bottom 30% of the state/territory when listing in order of most discounted to least.

Property investors should expect to get $382.5 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$626,500 $488,000
-0.71% 18.12%
17.10% 47.88%
5.40% 6.38%
$485 $383
84 24
4.03% 4.08%
21.34 31.11

Source: CoreLogic

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