West Hobart, TAS 7000: Suburb Profile & Property Report

Market Report

House report
Unit Report

West Hobart has 78 houses available for sale. The median property price for a house is currently $910,000 with annual capital growth of -5.87% . There were 63 house sales in the past 12 months. On average, houses spend 31 days on market.

If you're thinking about buying an investment property in West Hobart, consider that rental yields for houses are currently 3.52% with an average median rent of $592 weekly. Houses have seen 1.11% growth in the past quarter, and -5.87% growth in the past 12 months.

The size of West Hobart is approximately 3.9 square kilometres. It has 8 parks covering nearly 35.4% of total area. The population of West Hobart in 2011 was 5,800 people. By 2016 the population was 5,978 showing a population growth of 3.1% in the area during that time. The predominant age group in West Hobart is 40-49 years.

Households in West Hobart are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in West Hobart work in a professional occupation. In 2011, 61.5% of the homes in West Hobart were owner-occupied compared with 62.3% in 2016.

West Hobart has 23 units available for sale. The median property price for a unit is currently $692,500 with annual capital growth of 8.59% . There were 18 unit sales in the past 12 months. On average, units spend 37 days on market.

If you're thinking about buying an investment property in West Hobart, consider that rental yields for units are currently 4.42% with an average median rent of $470 weekly. Units have seen 6.54% growth in the past quarter, and 8.59% growth in the past 12 months.

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Key Market Data	House	Unit
Median price	$910,000	$692,500
Quarterly growth	+1.11%	+6.54%
12-month growth	-5.87%	+8.59%
Average annual growth	+5.09%	+4.25%
Weekly median rent	$592	$470
Gross rental yield	3.52%	4.42%
Number of Sales (12m)	63	18
Avg. Days on Market (12m)	31	37

Jump to Market Trends

Key Demographics	2011	2016
Total population	5,800	5,978
Population change (5y)	+4.98%	+3.10%
Median household income (p/w)	$1,356	$1,537
Household income change (5y)	+27.80%	+13.35%
Median age of persons	37	39

Jump to Demographics Trends

Market Trends

Houses

Units

The Median Sale Price in West Hobart is $910,000 for houses and $692,500 for units.

The Median Growth in West Hobart over the past 12 months is -5.87% for houses and 8.59% for units.

Over the past 12 months there were 63 houses sold and 18 units sold in West Hobart. On average, houses spent 31 days on market and units spent 37 days on market.

In the past 12 months up to August 2024 there were 63 houses sold and 18 units sold in West Hobart. On average, houses spent 31 days on market and units spent 37 days on market.

1 Year 5 Years 10 Years

Houses

Units

The Median Rent in West Hobart is $592 for houses and $470 for units.

The Rental Yield in West Hobart is 3.52% for houses and 4.42% for units.

1 Year 5 Years 10 Years

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Demographic Trends

Better understand demographic trends by reviewing the latest suburb demographic data below.

Age groups Country of Birth Religious Affiliation Household Income Occupations Education Level Qualification Level

The population of West Hobart was 5,978 in 2016, a +3.10% change compared to 2011.

The predominant age group in West Hobart is 40-49 years.

The population of West Hobart was 5,978 in 2016, a +3.10% change compared to 2011.

The predominant age group in West Hobart is 20-29 years.

Most of the population in West Hobart were born in Australia.

Most of the population in West Hobart report their religion as No Religion.

Most of the population in West Hobart report their income range as between $78,000 and $130,000 .

The median household income in West Hobart was $1,537 in 2016, a +13.35% change compared to 2011.

Most of the population in West Hobart report their income range as between $78,000 and $130,000 .

The median household income in West Hobart was $1,356 in 2011, a +27.80% change compared to 2006.

Most of the population in West Hobart work as Professional.

The chart below demonstrates the various levels of education in West Hobart.

Most of the population in West Hobart reached a qualification level of Bachelor.

2011 2016

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