At number 1081th in the list of Australian suburbs ordered by increase in median house value over the last year, West Hobart, 7000 is in the top 30% with a property value increase of 11.04% recorded in median house prices.
West Hobart,7000 was ranked 1128 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 -6.71%. This puts suburb at number 82th in TAS when ranking the most discounted suburbs.
On average over the past year, suburb has had 6.08 sales per month, which equates to 73 per year.
A $447.5 per week rent on the median house gives suburb investors a gross yield of circa 4.37%, without taking into account capital value appreciation, which has been averaging out at 4.43%.
Property value increases in West Hobart have tracked lower than the TAS average of 4.06% over the last 12 months.
West Hobart, 7000 is offering TAS ‘s 33th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this TAS.
At number 572 in a list of fastest selling suburbs, West Hobart is in the TOP 40% of suburbs in Australia with an average of days on market 64.68 for properties listed there.
Advertised rents are around the $315 mark per week – giving a return of 5.04% based on the median price in Suburb