Hobart City Council, TAS

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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Capital Growth Heatmap

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

Typical Price for houses in this council area. Percent changes indicate Year on Year growth or decline in house values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.

Rent 

2BR

3BR

4BR

5BR

Median Weekly Rent for houses in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.

Yield 

2BR

3BR

4BR

5BR

Yearly Gross Yield for houses in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for houses.

Buy 

1BR

2BR

3BR

Typical Price for units in this council area. Percent changes indicate Year on Year growth or decline in unit values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.

Rent 

1BR

2BR

3BR

Median Weekly Rent for units in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.

Yield 

1BR

2BR

3BR

Yearly Gross Yield for units in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for units.

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This chart illustrates historical and projected quarterly typical price and number of sales, which are depicted as blue lines and green bars respectively. Council areas with average sales above 30/quarter and suburbs with sales above 7/quarter commonly produce high confidence forecasts.
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This chart shows historical and projected median rent and number of rentals, depicted as red lines and grey bars respectively. In many markets Rent prices lag the Typical Price by 1-2 years.
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This chart presents the gross rental yield, which is the value you generate from an investment property, represented as a percentage. The higher the percentage the better. Yield that is trending down frequently highlights a high demand market.
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Yield chart
This graph represents the dwelling demand profile for the LGA/suburb, which tends to correlate with the tenant preference for property type and number of bedrooms. Target dwelling type and number of bedrooms with the highest number of sales.
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Demand chart
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The chart below shows the proportion of units to houses in this area. Generally speaking the fewer units there are, the better.
unit to houses pie charts
The pie chart below shows the percentage of renters to owners in an area. Generally speaking the more owners the better.
Renters to owners pie chart
The chart below shows the IRSAD score for the area. IRSAD stands for the Index of Relative Advantage and Disadvantage. The higher the index, the more well off the population is in the area.
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IRSAD chart
This graph shows online search interest for sale and rent listings. The black line(s) represents the search index, which is the ratio of LGA/suburb searches to the state average. Value of 5 signifies that Buy/Rent searches are at state average. Be wary of areas with SI below 3.
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Index chart
This chart plots the annual percent change in typical prices for all suburbs in this LGA. Suburbs that cross the red (zero) line more than 3 times present poor capital growth opportunities.
Upgrade to Professional Plan to see Growth Rate Cycle data.
GRC chart

Confidence: High, Medium, Low

Supply

Stock on Market

Inventory

Hold Period

The most important metric for understanding the supply of homes in a given market. Stock on Market (SoM) is represented by bars which show the number of listings per month, and by a line which indicates the percentage of listed homes compared to the total number of dwellings in the area (SoM Percentage). A higher stock on market indicates a greater supply of properties.
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SOM chart
Inventory levels indicate the amount of stock available in relation to average monthly sales. Inventory levels above 3 months indicate a sizeable amount of stock available, while lower levels indicate diminishing supply. Decreasing inventory level trend can signal that prices may increase in the future.
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Inventory chart
Average number of years properties are re-sold in the area. The higher the value, the lower is the supply in the property market. Changing trend can act as a lead indicator to price increases / decreases.
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

The Days on Market metric shows how long, on average, it takes for listed properties to be sold. A higher number of days means that there is less demand for properties. Measured in days.
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DOM chart
Monthly vacancies (bar) and Vacancy Rates (line) in the area. Vacancy rates serve as a rental market demand indicator. Lower vacancy rates point to greater demand in the rental market. Decreasing vacancy rates can act as a lead indicator to both rental and sale price increases.
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Inventory chart
Auction clearance rates in the area. The higher the clearance rate, the greater is the demand in the market. This metric is most useful at LGA level. Some high density suburbs with active markets can also have good quality clearance rate data. However, this metric is somewhat sparse for 80% of suburbs.
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Auction chart

All Supply / Demand cards and graphs on this page are published under a preliminary Beta release.
You’re welcome to leave your feedback on our forum.

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.

Suburbs/localities in this Local Government Area: Dynnyrne 7005, Glebe 7000, Hobart 7000, Lenah Valley 7008, Battery Point 7004, Mount Nelson 7007, Mount Stuart 7000, New Town 7008, North Hobart 7000, Queens Domain 7000, Ridgeway 7054, Sandy Bay 7005, South Hobart 7004, Tolmans Hill 7007, West Hobart 7000

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