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Suburb Insights ยท TAS 7000

Hobart 7000, Tasmania

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Hobart is an inner-city suburb of Hobart, Australia, with a population of approximately 3,390, making it a boutique locality. Located 0 km from the Hobart CBD, Hobart is a inner city area in Tasmania. The median household income is $76,128 AUD per year (ABS 2021 Census).

Investment Score

72 / 100 Good

Household incomes in Hobart sit in a comfortable mid-range for the Tasmania market. The short commute to the city centre is a key demand driver.

Location

Map shows Hobart, Tasmania, Australia.

Key Indicators

Postcode
7000

Official Australia Post postcode for Hobart. A postcode may cover multiple suburbs.

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Population
3,390

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$380/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

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Median Household Income
$76,128/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
0 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
1

Estimated 1 school within or near this suburb based on ABS 2021 data.

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Parks & green spaces
1

Estimated 1 park and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$1,848/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
15% houses

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

As an inner-city location, Hobart benefits from proximity to employment, dining, and cultural precincts. Investment properties here typically attract young professionals and downsizers seeking walkable lifestyles. The median rent of $380/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $1,848/month. The median household income of $76,128/year reflects a solid demographic, supporting sustainable rental demand. With only 15% separate houses, Hobart has a significant apartment and unit market โ€” typical of inner-city investment corridors.

Investment Strategy

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Buy & Hold

A buy-and-hold approach in Hobart could work well with careful property selection and a longer time horizon.

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Rental Yield

Hobart can deliver reasonable rental income, though yields are not the primary draw.

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Renovation / Flip

The resale market in Hobart may not support quick-turnaround renovation projects.

Risk Factors

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Full Property Analysis

30-year projections for Hobart

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2026 Outlook

Growth: Moderate Rental Demand: Moderate Investor Sentiment: Strong

Hobart is expected to see moderate price growth in 2026 as the broader Tasmania market stabilises. The rental market in Hobart should see steady occupancy, with moderate upward pressure on rents. Confidence in Hobart's medium-term prospects is reflected in sustained buyer interest.

Frequently Asked Questions

Is Hobart a good suburb for investment?

Hobart is a inner city area in Tasmania with a population of 3,390. The median rent is $380/week and the median household income is $76,128/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Hobart?

Key demand drivers in Hobart include employment proximity and urban lifestyle. 15% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Hobart?

According to the ABS 2021 Census, Hobart has a population of approximately 3,390. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Hobart from the Hobart CBD?

Hobart is approximately 0 km straight-line distance from the Hobart CBD (calculated from ABS 2021 suburb centroid coordinates). This close proximity means excellent access to employment, dining, and entertainment.

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