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Hobart’s performance over time
Tasmania’s best performers
Rank
Top Ranked Suburb
1
KETTERING $557,500
17 36.8%
2
SOUTH ARM $390,000
23 23.6%
3
PRIMROSE SANDS $218,000
35 22.5%
Rank
Top Ranked Suburb
1
MOUNT NELSON $260,000
20 16.6%
2
WEST HOBART $347,000
37 11.0%
3
LAUNCESTON $331,250
40 7.5%
Rolling Median Price (12 months)
Number sold (12 months)
12 month change in median price
Dwelling values across Hobart have held relatively steady over the
past seven years and currently remain at approximately the same
level as they were at the beginning of 2009. The steady value position
means that Hobart housing is well and truly the most affordable
amongst the capital cities. At the same time, rents have been
gradually rising, which has pushed rental yields across Hobart to be
the highest of any capital city for houses and second highest (after
Darwin) for units. The past year has seen transaction numbers rise
across Hobart, indicating an improvement in buyer demand as more
buyers become active in the local housing market.
TASMANIA
Dwelling values steady Hobart
Median prices across Tasmania
How Tasmanian regions compare
Number
sold
Days on
Market
12 month
growth
Greater Hobart
3,375
50
0.1%
Greater Launceston
1,643
64
4.8%
Burnie-Devonport
1,250
95
0.5%
Southern
898
88
0.0%
North Western Rural
388
90
9.0%
Central North
508
77
9.3%
North Eastern
249
105
-3.6%
Lyell
118
102
-2.7%
Lower range (25th percentile) Median price (50th percentile) Upper range (75th percentile)
$100k
$200k
$300k
$400k
$500k
$600k
Houses
Units
Median Price
$330,000
$290,000
Quarterly change
-2.3%
1.2%
12 months change
-0.6%
3.7%
5 year total change
-7.4%
8.8%
10 year total change
12.8%
33.8%
* Based on postcode median house sale prices for 12 months to end September 2015.
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