South Hobart has had a A very good year for property investment returns compared to the rest of TAS, giving investors a capital gain of 20.83% to date .
If we look at median property appreciation over just the last three months, South Hobart has given property investors a paper return of 8.92%. This puts Suburb as 18 on a list of fastest fasting appreciating suburbs in TAS
Property investors looking for a bargain in South Hobart should be aiming for at least -2.80% off the asking price, which is the average vendor discount being achieved at the moment.
Property investors should expect to get $470 weekly from the median priced house in this suburb.
South Hobart is in the TOP 10% in TAS when comparing median price capital growth over the last year. South Hobart gave property investors a very good capital gain figure when compared to the rest of the state, with 31.47%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in South Hobart has increased when compared to the 5 year average annual rate.
South Hobart, 7004 is offering TAS ‘s 37th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this TAS.
South Hobart, 7004’s gross rental yield is 4.53%
South Hobart is home to some of the most beautiful properties in TasmaniaFull summary
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South Hobart is home to some of the most beautiful properties in Hobart.
This, coupled with a ‘’green tinge’’ to the area, is making the suburb attractive to a wide range of people.
Hank Petrusma, of Petrusma Property, says South Hobart provides a unique environment that is hard to find.
“South Hobart is relatively close to the Hobart CBD, but yet retains a lot of the green components between the city and the mountains. It’s got a great sense of community and you’ve got all your local cafés, chemists and a great primary school.’’
Located on the gentle valley slopes of Mount Wellington, South Hobart provides an area with fantastic views.
With a vacancy rate of just 1.33%, properties are getting snapped up at an alarming pace. Petrusma says the area appeals to a wide range of people.
‘’It’s a combination of families who enjoy the outdoor lifestyle and young couples, but I think it goes right across the board, providing a mixture of the old and the new.
“The most important thing about South Hobart is it’s got a very strong community spirit and a village atmosphere, and yet it’s so close to the CBD.’’
A perfect mix of old and new, there is no real pattern to which streets are more popular. However, areas near Marlyn Road and Strickland Avenue have great views.
Petrusma says property investors should be looking to take advantage of what South Hobart has to offer.
“Number one, it’s location, location, location. All services are close by; everything you could possibly want to have in an enjoyable lifestyle is handy.’’