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South Hobart, TAS 7004

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If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for South Hobart, TAS 7004 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to 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

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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
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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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0 thoughts on “South Hobart, TAS 7004”

  1. The total adult population (15 years or older) of South Hobart 7004 TAS is 5,002, with a median age of 38. Of those, 35.59% are married, 12.08% are divorced or separated, 47.04% are single and 5.30% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $9,032. The median monthly mortgage repayment for households in this suburb is $1,648 which is 18.25% of their earnings.

    Source: ABS Census Data (2021)

  2. South Hobart, a suburb nestled in Tasmania with an estimated 2,910 households, is known for its robust real estate market and compelling yield opportunities for investors. As we step into the third quarter of 2023, let’s dissect the property dynamics of this vibrant suburb.

    The typical house prices in South Hobart currently sit at a substantial $874,259, with the median weekly rent amounting to a promising $558. This drives an indicative yield of an attractive 3.32%, suggesting that the area offers a solid cash-flow opportunity for property investors searching for an income-generating asset.

    In terms of the suburb’s socio-economic health, South Hobart flaunts an impressive IRSAD score of 1,063 out of 1,217, indicating a higher socio-economic status adorned with good access to economic resources and professional employment.

    Shifting the focus to property ownership patterns, South Hobart showcases a healthy renter to owner ratio of 32%. This signifies a sustainable balance of homeowners and renters, providing stability within the property market. The suburb also boasts a beneficial units to houses ratio of 19%, which supports longer tenancy periods and minimises competition among landlords for tenants.

    Moving onto the affordability index, the estimated duration to fully own a property stands at 38 years, revealing that potential homeowners would need to face a challenging journey towards fully owning a property due to relatively higher property prices.

    In terms of supply metrics, the stock on the market percentage for houses is a low 0.04%, suggesting a favourable low supply market. This is further solidified by the inventory level for houses being a minimal 0.21 months. The building approvals ratio also favours this low supply narrative, standing at a low 0.04%.

    Investigating the demand metrics indicates a thriving market. With an average of just 16 days on the market, this short period signifies a high demand for houses in South Hobart. And with a vacancy rate (combining houses and units) of just 1.72%, this further underlines the high demand and limited availability of rental properties in the suburb.

    Lastly, the buy search index for houses in South Hobart is measured as 4. While this is slightly above neutral, it’s indicative of steady demand.

    Although it’s key to have a thorough understanding of these real estate trends, the convenience of automated research analysis such as offered by the RCS (Relative Composite Score) metric by HtAG Analytics, proves valuable. This is due to the metric factoring in over 80 indicators, providing a comprehensive overview of the property market at your fingertips. While some metrics for South Hobart might not fall in the ideal range, the combined strengths of South Hobart’s market dynamics make it an attractive opportunity for savvy investors.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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