Giving property investors a a solid capital gain of 19.55% for the last year, South Hobart, 7004 is the 431th highest performer in Australia in this respect.
Across a shorter period, South Hobart, 7004 has seen a median price increase of 0.47% over the last quarter.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.16% offered to property buyers. Sellers in South Hobart itself are offering an average vendor discount of -6.96% to real estate investors.
South Hobart is 112th on a list of best yielding suburbs for rents in TAS with a 4.37% return
South Hobart is in the TOP 20% in TAS when comparing median price capital growth over the last year. South Hobart gave property investors a good capital gain figure when compared to the rest of the state, with 17.17%.
Across a shorter period, South Hobart, 7004 has seen a median price increase of 4.73% over the last quarter.
Our latest figures would indicate that property sellers in South Hobart are currently offering property investors an average price cut of -3.66% below the asking price at the moment.
In the last year 34 properties changed hands in South Hobart, which puts it as the 15th most active market in TAS when comparing the number of sales per suburb.
South Hobart is 43th on a list of best yielding suburbs for rents in TAS with a 5.16% return
South Hobart is home to some of the most beautiful properties in TasmaniaFull summary
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South Hobart is home to some of the most beautiful properties in Hobart.
This, coupled with a ‘’green tinge’’ to the area, is making the suburb attractive to a wide range of people.
Hank Petrusma, of Petrusma Property, says South Hobart provides a unique environment that is hard to find.
“South Hobart is relatively close to the Hobart CBD, but yet retains a lot of the green components between the city and the mountains. It’s got a great sense of community and you’ve got all your local cafés, chemists and a great primary school.’’
Located on the gentle valley slopes of Mount Wellington, South Hobart provides an area with fantastic views.
With a vacancy rate of just 1.33%, properties are getting snapped up at an alarming pace. Petrusma says the area appeals to a wide range of people.
‘’It’s a combination of families who enjoy the outdoor lifestyle and young couples, but I think it goes right across the board, providing a mixture of the old and the new.
“The most important thing about South Hobart is it’s got a very strong community spirit and a village atmosphere, and yet it’s so close to the CBD.’’
A perfect mix of old and new, there is no real pattern to which streets are more popular. However, areas near Marlyn Road and Strickland Avenue have great views.
Petrusma says property investors should be looking to take advantage of what South Hobart has to offer.
“Number one, it’s location, location, location. All services are close by; everything you could possibly want to have in an enjoyable lifestyle is handy.’’