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.
How to use this Dashboard
This interactive dashboard illustrates the trends for key real estate metrics in the area. Use these metrics to determine potential return on investment from this property market and its’ sub-markets.
Upgrade to Personal Plan to unlock the trend forecast section on the Price, Rent & Yield graphs.
Get the Professional Subscription to see trends for advanced metrics such as Buy & Rent Search Index that indicate real estate demand and supply in this LGA.
Property Market in Hobart City Council, TAS
Hobart City Council is surrounded by 1 other council area – Glenorchy City.
Hobart has an estimated population of over 50000 people, living in approximately 24000 dwellings with 2.3 people per household.
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.
Among the main retailers there are Elizabeth Street Mall, Cat and Fiddie Arcade, Salamanca Market, Myer, Macpac Hobart City, Harvey Norman Hobart.
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.
Among estimated 50000 people living in Hobart males and females make up to 49% and 51% respectively.
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