Hobart is a smaller suburb in Tasmania within the Hobart local government area (postcode 7000). With a population of 3,390, the suburb has a young professional demographic with a median age of 31. Households earn a median income of $76K per year, with an average household size of 2 people. The most common occupations are professionals, community & personal service, managers. The top ancestries reported are English, Australian, Chinese.
The median house price in Hobart is $1.1 million, having surged 10.1% over the past year. Units have a median price of $798,000 (+1.3% YoY). The current median weekly rent is $358. This gives a gross rental yield of approximately 1.7%. The median monthly mortgage repayment is $1,848.
Hobart is served by 2 schools, including 2 combined. The average ICSEA score is 1097, which is above the national average of 1,000. Public transport access includes 35 bus stops. Healthcare facilities include 1 public and 3 private hospitals.
From an investment perspective, Hobart offers a gross rental yield of 1.7%, rated as low yield. Property prices are above the state median ($1.1M/$750K), placing it in the premium segment. The price-to-income ratio of 14.5x is considered stretched. House prices have moved +10.1% year-on-year.
Hobart is a smaller suburb in Tasmania within the Hobart local government area (postcode 7000). With a population of 3,390, the suburb has a young professional demographic with a median age of 31. Households earn a median income of $76K per year, with an average household size of 2 people. The most common occupations are professionals, community & personal service, managers. The top ancestries reported are English, Australian, Chinese.
The median house price in Hobart is $1.1 million, having surged 10.1% over the past year. Units have a median price of $798,000 (+1.3% YoY). The current median weekly rent is $358. This gives a gross rental yield of approximately 1.7%. The median monthly mortgage repayment is $1,848.
Hobart is served by 2 schools, including 2 combined. The average ICSEA score is 1097, which is above the national average of 1,000. Public transport access includes 35 bus stops. Healthcare facilities include 1 public and 3 private hospitals.
From an investment perspective, Hobart offers a gross rental yield of 1.7%, rated as low yield. Property prices are above the state median ($1.1M/$750K), placing it in the premium segment. The price-to-income ratio of 14.5x is considered stretched. House prices have moved +10.1% year-on-year.