Property investors who have had real estate in North 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 10.02%
North Hobart,7000 has offered an average of 10.02% return per annum in house price rises to property investors over the last three years.
Advertised rents are around the $495 mark per week – giving a return of 3.57% based on the median price in Suburb
If you compare the increase in value of investment property in North Hobart, 7000 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this TAS suburb was 23.35%.
Across a shorter period, North Hobart, 7000 has seen a median price increase of 2.53% over the last quarter.
A $430 per week rent on the median house gives suburb investors a gross yield of circa 3.68%, without taking into account capital value appreciation, which has been averaging out at 5.55%.