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Median values are calculated based on data over a 12 month period.
Data is provided by CoreLogic. CoreLogic is a leading provider of consumer, financial and property information, analytics and services to business and government. About this data
Median values are calculated based on data over a 12 month period.
Data is provided by CoreLogic. CoreLogic is a leading provider of consumer, financial and property information, analytics and services to business and government. About this data
Market Report
In West Hobart, the median property price for a house is currently 905,000 with annual capital growth of -4.74 . There were 62 house sales in the past 12 months. On average, houses spend 40 days on market.
If you're thinking about buying an investment property in West Hobart, consider that rental yields for houses are currently 3.54 with an average median rent of 595 weekly. Houses have seen -0.55 growth in the past quarter, and -4.74 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.
In West Hobart, the median property price for a unit is currently 685,000 with annual capital growth of 7.42 . There were 20 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 4.44 with an average median rent of 472 weekly. Units have seen -2.14 growth in the past quarter, and 7.42 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.
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| Key Market Data | House | Unit |
| Median price | 905,000 | 685,000 |
| Quarterly growth | -0.55 | -2.14 |
| 12-month growth | -4.74 | +7.42 |
| Average annual growth | +4.97 | +3.84 |
| Weekly median rent | 595 | 472 |
| Gross rental yield | 3.54 | 4.44 |
| Number of Sales (12m) | 62 | 20 |
| Avg. Days on Market (12m) | 40 | 37 |
| 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 |
Demographic Trends
Better understand demographic trends by reviewing the latest suburb demographic data below.
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 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 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.
Most of the population in West Hobart work as Professional.
The chart below demonstrates the various levels of education in West Hobart.
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.
Most of the population in West Hobart reached a qualification level of Bachelor.
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