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Suburb Insights ยท TAS 7000

North Hobart 7000, Tasmania

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

North Hobart is an inner-city suburb of Hobart, Australia, with a population of approximately 2,600, making it a boutique locality. Located 1 km from the Hobart CBD, North Hobart is a inner city area in Tasmania. The median household income is $94,796 AUD per year (ABS 2021 Census).

Investment Score

71 / 100 Good

Above-average earnings in North Hobart support sustained property values. Close CBD access strengthens tenant appeal and resale value.

Location

Map shows North Hobart, Tasmania, Australia.

Key Indicators

Postcode
7000

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

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Population
2,600

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

ABS Census Data โ†’
Median Rent (weekly)
$400/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
$94,796/yr

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

ABS Census Data โ†’
Distance to CBD
1 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)
$1,820/mo

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

ABS Census Data โ†’
Dwelling Type
41% 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, North 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 $400/week (ABS 2021) indicates a mid-range rental market. Owner-occupiers face a median mortgage repayment of $1,820/month. The median household income of $94,796/year reflects a solid demographic, supporting sustainable rental demand.

Investment Strategy

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Buy & Hold

Solid fundamentals in North Hobart support capital growth over a medium to long hold period.

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Rental Yield

Rental yields in North Hobart are moderate โ€” screen for properties that offer above-average returns.

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Renovation / Flip

Renovation or flip strategies in North Hobart face headwinds from a smaller buyer pool and slower turnover.

Risk Factors

Run the numbers on a North Hobart property

Full Property Analysis

30-year projections for North Hobart

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2026 Outlook

Growth: Strong Rental Demand: Strong Investor Sentiment: Strong

The outlook for capital growth in North Hobart is encouraging heading into 2026, driven by constrained supply and buyer competition. Tenant competition in North Hobart continues to intensify, supporting landlords and rent stability. Confidence in North Hobart's medium-term prospects is reflected in sustained buyer interest.

Frequently Asked Questions

Is North Hobart a good suburb for investment?

North Hobart is a inner city area in Tasmania with a population of 2,600. The median rent is $400/week and the median household income is $94,796/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 North Hobart?

Key demand drivers in North Hobart include employment proximity and urban lifestyle. 41% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of North Hobart?

According to the ABS 2021 Census, North Hobart has a population of approximately 2,600. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is North Hobart from the Hobart CBD?

North Hobart is approximately 1 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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