West Hobart is a mid-sized suburb in Tasmania within the Hobart local government area (postcode 7000). With a population of 6,525, the suburb has an established demographic with a median age of 38. Households earn a median income of $104K per year, with an average household size of 2.3 people. The most common occupations are professionals, managers, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in West Hobart is $911,000, having dropped significantly 8% over the past year. Units have a median price of $700,000 (+2.6% YoY). The current median weekly rent is $580. 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 offers a gross rental yield of 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.
West Hobart is a mid-sized suburb in Tasmania within the Hobart local government area (postcode 7000). With a population of 6,525, the suburb has an established demographic with a median age of 38. Households earn a median income of $104K per year, with an average household size of 2.3 people. The most common occupations are professionals, managers, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in West Hobart is $911,000, having dropped significantly 8% over the past year. Units have a median price of $700,000 (+2.6% YoY). The current median weekly rent is $580. 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 offers a gross rental yield of 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.