Suburb Profile Report for Hobart TAS (7000)

Hobart House: Median price $796,300, Annual capital growth 7.15%, Number of sales 16, Weekly median advertised rent $550

Hobart Unit: Median price $687,500, Annual capital growth N/A, Number of sales 44, Weekly median advertised rent $505

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

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

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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.

Information supplied by:




M
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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.

Metrics i HOUSE UNIT
$796,300 $687,500
0.00% 5.36%
N/A N/A
7.15% N/A
$550 $505
16 44
3.59% 3.82%
20.9230769230769 43.84375

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 2102
Median household income ($/weekly) 1099
Median age of persons 32
Median housing loan repayment ($/monthly) 1733
Average household size 1.9
  • Census Count Percent(%)
    20-24 years 367 17.5
    25-34 years 483 23.0
    35-44 years 239 11.4
    45-54 years 215 10.2
    55-64 years 239 11.4
    Others 558 26.6
    Age Group
    Census Count Percent(%)
    Not Married 794 59.3
    Registered Married 355 26.5
    Defacto Relationship 189 14.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 1316 71.5
    Croatia 43 2.3
    Indonesia 59 3.2
    United Kingdom 96 5.2
    Other 88 4.8
    Others 238 12.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 67 4.0
    Christianity 766 45.6
    Hinduism 43 2.6
    Islam 30 1.8
    No Religion 751 44.7
    Others 24 1.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 78 11.1
    $600-$799 67 9.5
    $800-$999 71 10.1
    $1,000-$1,249 68 9.7
    $1,500-$1,999 81 11.5
    Others 337 48.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 686 40.0
    Not in the labour force 598 34.8
    Employed, worked part-time 314 18.3
    Unemployed, looking for work 72 4.2
    Employed, away from work 47 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 158 15.1
    Professionals 369 35.2
    Community & personal service workers 123 11.7
    Clerical & administrative workers 156 14.9
    Sales 91 8.7
    Others 151 14.4
    Occupation
    Census Count Percent(%)
    Infants/Primary 46 10.5
    Secondary 63 14.4
    Technical or Further Educational Institution 48 10.9
    University or other Tertiary Institutions 259 59.0
    Other type of educational institution 15 3.4
    Others 8 1.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 638 44.0
    Separate house 374 25.8
    Semi-detached, row or terrace house, townhouse 320 22.1
    House or flat attached to a shop, office 113 7.8
    Caravan, cabin, houseboat 5 0.3
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 484 64.0
    Fully owned 128 16.9
    Being purchased 116 15.3
    Other tenure type 28 3.7
    Tenure Type
Census 2011, ABS
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