South Hobart is in the TOP 20% 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 19.57%.
While South Hobart,7004 ranked number 78th in TAS for increase in median house value (annualised) increase, it is ranked 49th over the last 5 years.
At number 152th of TAS’s most discounted properties, South Hobart is in the TOP 20% of the state/territory when listing in order of most discounted to least.
Property investors should expect to get $460 weekly from the median priced house in this suburb.
Over the last year, property investments in South Hobart, 7004 have given investors a capital gain of 25.17%. This compares very favourably with the 8.89% for TAS as a whole.
Comparing South Hobart,7004 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in South Hobart, 7004. Typically our figures indicate that -3.05% is being offered, which puts this TAS suburb at 1276th most discounted overall in Australia.
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.’’