North Hobart, 7000 ranked 12th in TAS when comparing growth in median property values or capital gain over the last 12 months. North Hobart is one of 606 in our list for TAS
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in North Hobart has increased when compared to the 5 year average annual rate.
The most recent median price for North Hobart is $680500, with sellers offering an average of -5.48% off the asking price.
In the last year 34 properties changed hands in North Hobart, which puts it as the 90th most active market in TAS when comparing the number of sales per suburb.
Using the current median advertised rental of $472.5 and the average annual increase in value of a median property of 8.48%, investors should hope to achieve an overall return of 3.61%
Investment property in North Hobart has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.62%
Over the longer term, North Hobart has seen property prices show investors a 21.43% return over the last 3 years. This is worse than over the last 12 months
On average over the past year, suburb has had 1.33 sales per month, which equates to 16 per year.
A $460 per week rent on the median house gives suburb investors a gross yield of circa 5.03%, without taking into account capital value appreciation, which has been averaging out at 3.89%.