Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Hobart has increased when compared to the 5 year average annual rate.
Often selling an investment property can take time, and in Hobart the average time real estate has been on the market is 20.9231 days.
Property investors should expect to get $550 weekly from the median priced house in this suburb.
Residents and property investors in Hobart have been waiting around 43.8438 days to sell a property.
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Hobart is the capital of Australia’s only island state, Tasmania, and sits neatly on the River Derwent. The city’s fashionable Salamanca Place is made up of stunning sandstone warehouses, which hold galleries and cafes alike. Just a stone’s throw away is Battery Point, a historic district with picturesque narrow lanes and colonial-era cottages.
Looking over the city is Mount Wellington, a 1,270-metre high mountain that is often coated in a layer of snow, the peak offering sweeping city and water views. Hobart is also home to the iconic MONA (Museum of Old and New Art), Royal Tasmanian Botanical Gardens, and Bonorong Wildlife Sanctuary where you could see a Tasmanian Devil or two.