West Hobart has had a quite poor year for property investment returns compared to the rest of TAS, giving investors a capital gain of 6.12% to date .
West Hobart,7000 has offered an average of 6.12% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that West Hobart is offering property investors an average of -5.82. This rate of discount on properties puts Suburb at number 147th in terms of most discounted suburbs in TAS
West Hobart is 116th on a list of best yielding suburbs for rents in TAS with a 3.92% return
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 30.48%
If we look at median property appreciation over just the last three months, West Hobart has given property investors a paper return of 3.80%. This puts Suburb as 16 on a list of fastest fasting appreciating suburbs in TAS
West Hobart, 7000 is offering TAS ‘s 39th 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.
Renters in Suburb are facing rents around $4620 per annum or $385 every week.
Just minutes from the Hobart CBD, this eccentric, bohemian suburb was once considered a working-class area but is now prized by commuters for its beautiful Federation-era homes and spectacular river viewsFull summary
Information supplied by:
Apartment market reflect growth
Median unit price: $451,125
Three-year growth: 29.8%
Rental yield: 4.4%
Just minutes from the Hobart CBD, this eccentric, bohemian suburb was once considered a working-class area but is now prized by commuters for its beautiful Federation-era homes and spectacular river views.
West Hobart’s median unit price in May 2017 has grown almost 30% in the last 12 months to reach $426,250, reflecting Hobart’s recent strong growth run. The area is also popular with families, with several excellent primary schools close by and a Catholic college catering to Year 11 and 12 students. Nearby North Hobart has an array of restaurants along its main strip. City workers favour the area due to the easy commute, while for students it is just a short bus trip to the University of Tasmania Sandy Bay campus.