West Hobart (postcode 7000) is a moderately sized suburb in Tasmania within the Hobart local government area. It is home to about 6,525 residents, with a settled mid-life population and a median age of 38. Households earn a median income of $104K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at -0.2% year-on-year at the LGA level. TAS employment has moved -0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. TAS also had 19 Commonwealth-backed major projects under construction, 0 underway, and 16 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, community & personal service. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Irish.
West Hobart has a median house price of $911,000, which has fallen by 8% year-on-year. Units have a median price of $700,000 (+2.6% YoY). The current median weekly rent is $585. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $1,950.
West Hobart is served by 2 schools, including 2 primary. The average ICSEA score is 1121, which is well above the national average of 1,000. Public transport access includes 26 bus stops.
From an investment perspective, West Hobart shows a gross rental yield of approximately 3.3%, rated as moderate yield. Property prices are near the state median ($911K/$750K). The price-to-income ratio of 8.8x is considered moderate. House prices have moved -8.0% year-on-year. Population growth of -0.2% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.