Suburb Profile Report for South Hobart TAS (7004)

South Hobart House: Median price $641,000, Annual capital growth 6.40%, Number of sales 69, Weekly median advertised rent $550

South Hobart Unit: Median price $500,000, Annual capital growth 6.91%, Number of sales 37, Weekly median advertised rent $385

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report
  • Unit Report

South Hobart has had a very poor year for property investment returns compared to the rest of TAS, giving investors a capital gain of -1.38% to date .

Comparing South Hobart,7004 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Vendor discounting in South Hobart is giving property investors an average Vendor Discount of around -7.06%. This puts suburb at number 16th in TAS when ranking the most discounted suburbs.

Situated 3.27km from the CBD, South Hobart is one of Hobart (C) localities in the postcode 7004.

Giving property investors a a stable capital gain of 2.19% for the last year, South Hobart, 7004 is the 471th highest performer in Australia in this respect.

When looking at the potential capital gains offered to property investors over the last 3 years, South Hobart comes in at number 3rd in TAS.

Often selling an investment property can take time, and in South Hobart the average time real estate has been on the market is 54.9565 days.

Property investors should expect to get $385 weekly from the median priced house in this suburb.

Information supplied by:


May 2018

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Houses are popular with tenants

Postcode: 7004

Median house price: $580,000

Three-year growth: 36.8%

Rental yield: 4.1%

South Hobart is known for its beautifully designed properties Milton and Ashleigh. It is also the site of Australia’s oldest brewery, Cascade Brewery. This suburb gave Tasmania its “Apple Isle” moniker, as apple trucks often travelled along South Hobart’s Huon Road on their way to Europe in the 1950s.

South Hobart is among the top 10 highest-growing suburbs in Tasmania as of February 2018, with 24.5% growth over the past 12 months. It is also the fastest-selling suburb, with houses staying on sale for only 13 days. House prices hit $580,000, but even then, the average discount rate is just 2.8%.

With Hobart’s economic rise, South Hobart has enjoyed a very tight average vacancy rate of 0.8%, suggesting that this suburb is popular with tenants.

Metrics i HOUSE UNIT
$641,000 $500,000
-3.61% 0.00%
-1.38% 2.19%
6.40% 6.91%
$550 $385
69 37
4.46% 4.00%
47 54.9565217391304

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Very good (H), Very good (U)
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Demographics
Total population 5077
Median household income ($/weekly) 1214
Median age of persons 37
Median housing loan repayment ($/monthly) 1400
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 526 10.4
    25-34 years 763 15.0
    35-44 years 711 14.0
    45-54 years 702 13.8
    55-64 years 593 11.7
    Others 1782 35.1
    Age Group
    Census Count Percent(%)
    Not Married 1719 47.7
    Registered Married 1322 36.7
    Defacto Relationship 562 15.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 3906 80.5
    Croatia 59 1.2
    Papua New Guinea 72 1.5
    United Kingdom 337 6.9
    Other 140 2.9
    Others 338 7.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 110 2.4
    Christianity 2007 44.4
    Islam 48 1.1
    Other Religious Groups 42 0.9
    No Religion 2285 50.6
    Others 24 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 196 10.6
    $600-$799 167 9.1
    $800-$999 181 9.8
    $1,500-$1,999 250 13.6
    $2,000-$2,499 170 9.2
    Others 881 47.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1405 34.5
    Not in the labour force 1384 34.0
    Employed, worked part-time 953 23.4
    Unemployed, looking for work 180 4.4
    Employed, away from work 153 3.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 270 10.8
    Professionals 1008 40.2
    Technicians & trades workers 239 9.5
    Community & personal service workers 269 10.7
    Clerical & administrative workers 303 12.1
    Others 418 16.7
    Occupation
    Census Count Percent(%)
    Infants/Primary 365 25.3
    Secondary 263 18.3
    Technical or Further Educational Institution 107 7.4
    University or other Tertiary Institutions 623 43.3
    Other type of educational institution 42 2.9
    Others 40 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3603 80.5
    Semi-detached, row or terrace house, townhouse 492 11.0
    Flat, unit or apartment 361 8.1
    House or flat attached to a shop, office 19 0.4
    Improvised home, tent, sleepers out 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 655 33.1
    Being purchased 631 31.9
    Fully owned 627 31.7
    Other tenure type 66 3.3
    Tenure Type
Census 2011, ABS
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