West Hobart TAS Property Investment
Hobart · 7000 · Score: 72/100 · Buy
West Hobart Short-Term Rental (Airbnb) Market
Estimated revenue assumes year-round availability. Non-hosted short-stays are night-capped in some councils (e.g. 60 nights across most of Byron Shire, 180 in Ballina, Muswellbrook and parts of Greater Sydney) and levied in Victoria — the legal cap can cut achievable income well below this figure. Run STR Check for the rules on a specific address.
West Hobart TAS Investment Brief
BUY — 3.4% gross yield on a $1,035,537 (single source — OnTheHouse only, no peer to validate) median.
THE MARKET
West Hobart has compounded at 4.6%/yr over 5 years. Median sits in the $1,035,537 (single source — OnTheHouse only, no peer to validate) band today. Properties are sitting on market for 129 days (buyers have negotiating room).
- Median house: $1,035,537 (single source — OnTheHouse only, no peer to validate) | Units: $686,280
- Gross yield: 3.4% | Net yield: 1.9%
- 5yr price CAGR: 4.6%/yr | 3yr forecast: 5.9%/yr
- Population: 6,525 | Owner-occupier rate: 55% | Affluence: Very High
- Supply pipeline: Low — Price growth outpacing new supply, limited development pipeline
RENTAL SNAPSHOT
- Vacancy: 1.5% (improving) | Rental demand: High
- Median weekly rent: $675/wk | Days on market: 129 (worsening)
- Landlord market — rents likely to keep rising.
SHORT-TERM RENTAL
Insufficient STR data for this suburb. Run a specific address analysis for property-level STR projections.
INFRASTRUCTURE & CATALYSTS
- No major confirmed infrastructure projects on record.
- Transport: Well-connected inner-city location
BULL CASE
If West Hobart maintains 3%+ annual growth and vacancy stays below 1.0%, median prices could reach $1,190,868 within 3 years with yields compressing slightly as capital values rise.
BEAR CASE
A market correction or interest rate shock could see prices in West Hobart pull back 10-15% from $1,035,537, with vacancy rising to 2.7% and rental yields softening as tenants gain leverage.
KEY RISKS
- No significant risk factors identified for this suburb
COMPARABLE MARKETS
- Granton (TAS): $904,458 median, 4.0% yield, -3.1% 1yr growth
- Trevallyn (TAS): $778,701 median, 3.8% yield, 11.5% 1yr growth
- Franklin (TAS): $813,682 median, 2.9% yield, 4.1% 1yr growth
THE PLAY
West Hobart presents a compelling investment opportunity. The combination of solid fundamentals and high rental demand supports entry at current price levels. Proceed with due diligence on specific properties. Target gross yields above 3.4% and prioritise properties with value-add potential. Consider timing entry around the current stable phase of the market cycle.
- Entry range: $931,983 – $1,139,091
- Minimum gross yield to target: 4.5%
- Watch signal: vacancy staying below 2% and days on market falling below 35
This analysis is for informational purposes only and does not constitute financial, legal, or investment advice. Seek professional advice before making investment decisions.
Gentrification Index
Growth Forecast
low confidenceBasis: 5yr CAGR 4.6% + 10yr CAGR 5.0%
- +Above-average population growth (2.5%/yr)
- +Low rental vacancy (1.5%) — constrained supply
- +Premium transport infrastructure — supports long-term capital growth
- −Slow market (129 days avg) — buyer hesitancy
- −High supply pipeline (841 new approvals) — may cap price growth
Suburb Metric Thresholds
Macro Environment
Macro Indicators
Cash Rate
4.35%
▲ 0.25%Cash rate as at 2026-05-06 · Credit data 2026-06
Suburb Supply & Demand
Suburb Supply Pipeline — New Dwelling Approvals
178
2020
218
2021
214
2022
110
2023
121
2025
New dwelling approvals — higher numbers mean more future supply
Socio-Economic Profile
Source: ABS Census 2021SEIFA Index · Postcode 7000
Decile 8 of 10 — Low disadvantage
Population
15,645
Education (IEO)
10/10
Econ. Resources (IER)
2/10
10-Year Investment Projection
Modelled on West Hobart TAS data — rent, capital growth, tax, and depreciation over 10 years.
Pre-filled: $675/wk median rent for West Hobart. Capital growth and rent increase are editable assumptions.
Schools
In your catchment
These are the government-school zones containing this suburb centroid. Specific addresses within the suburb may fall in different catchments — confirm with the school directly.
Nearby Suburbs
Analyse a Property in West Hobart
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Analyse a Property →Data sourced from ABS, state government property sales, and Airbnb market analytics. For informational purposes only — not financial advice.