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Hobart City Council, TAS

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The Hobart City Council is the governing body of the city of Hobart. They are responsible for passing by-laws, approving budgets, and legislating policies. The City of Hobart is the capital and most populous city in Tasmania, and the second oldest city in Australia, founded in 1804.

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Hobart City Council is the governing body of the city. It has multiple responsibilities that include housing, roads, parking, and other infrastructure. The City Council’s responsibility for housing is to maintain a balance between supply and demand. This can be achieved through various policies including rent control and managing developments.

The City Council has three main objectives when it comes to its housing policies: contributing to improving the sustainability of the city’s communities, supporting social inclusion by providing affordable housing for people on moderate incomes, and maintaining a balance between supply and demand so as not to create an imbalance in the market.

The LGA real estate market does seem to have found a new burst in growth in the last few years, perhaps due to property values being pumped up by strong rental yields. Hobart City LGA holds the largest property market in Tasmania. Property values in this area have shown significant growth over the last decade.

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Suburb Heatmap Analysis

Property Market Snapshot

This page provides an overview of the LGA real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this council area. You are able to drill down to suburb-level data and charts which visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
No Price Data
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No Rent Data
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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Property Market in Hobart City Council, TAS

What LGAs neighbour Hobart City Council, TAS?

Hobart City Council is surrounded by 1 other council area – Glenorchy City.

How many people live in Hobart City Council, TAS?

Hobart has an estimated population of over 50000 people, living in approximately 24000 dwellings with 2.3 people per household.

What are current and planned infrastructure projects in Hobart City Council, TAS?

There are 14 current projects that Hobart City Council is working on. Among them there are Regata Ground car park and cycleway upgrade, Salamanca Place precinct upgrade, South Hobart Retail Precinct Upgrade, Doone Kenedy Hobart Aquatic Centre Redevelopment.

What major retailers are there in Hobart City Council, TAS?

Among the main retailers there are Elizabeth Street Mall, Cat and Fiddie Arcade, Salamanca Market, Myer, Macpac Hobart City, Harvey Norman Hobart.

What is the main industry in Hobart City Council, TAS?

Key industry sectors are health care and social assistance, education and training, retail trade, professional, scientific and technical services, public administration and safety, accommodation and food services.

What are the dominant demographic groups in Hobart City Council, TAS?

Among estimated 50000 people living in Hobart males and females make up to 49% and 51% respectively.

How is unemployment rate trending in Hobart City Council, TAS?

Approximately 25000 people living in Hobart City are employed, of which 56% working full-time and 43% working part-time.

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