Suburb Profile Report for South Hobart TAS (7004)

South Hobart House: Median price $641,000, Annual capital growth 5.83%, Number of sales 56, Weekly median advertised rent $550

South Hobart Unit: Median price $516,000, Annual capital growth 7.44%, Number of sales 46, Weekly median advertised rent $449

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

At number 2913th in the list of Australian suburbs ordered by increase in median house value over the last year, South Hobart, 7004 is in the BOTTOM 30% with a property value increase of -3.61% recorded in median house prices.

Taking the average capital gain, or increase in median house value, South Hobart,7004 has racked up an average of -3.61% over the period. This ranks it number 632th in the whole country for real estate investors looking at median house price increases.

On average over the past year, suburb has had 4.67 sales per month, which equates to 56 per year.

South Hobart is 98th on a list of best yielding suburbs for rents in TAS with a 4.46% return

South Hobart is in the bottom 20% in TAS when comparing median price capital growth over the last year. South Hobart gave property investors a dismal capital gain figure when compared to the rest of the state, with -6.18%.

Across a shorter period, South Hobart, 7004 has seen a median price increase of -5.75% over the last quarter.

Advertised rents are around the $449 mark per week – giving a return of 4.52% based on the median price in Suburb

Information supplied by:


May 2018

M
O

W
E

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 $516,000
-1.38% -5.75%
-3.61% -6.18%
5.83% 7.44%
$550 $449
56 46
4.46% 4.52%
51.0294117647059 68.35

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Good (U)
Find a mortgage broker in South Hobart TAS
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
Chart Table