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 per year.
Location
Key indicators
Postcode
7000
Postcode for North Hobart, from a community postcode dataset cross-checked against Australia Post. A postcode may cover multiple suburbs.
Australia Post Postcode Finder →
Population
2,600
Usual resident population at the most recent census.
Median weekly rent
$575/wk
Median weekly rent — as at May 2025 – Apr 2026, Department of Justice (Tasmania) rental bonds (CC BY 4.0).
Distance to CBD
1 km
Straight-line distance from the suburb centroid to the nearest capital city CBD. Actual driving distance will be longer.
Housing
Median monthly mortgage
$1,820/mo
Monthly median mortgage repayment for households currently paying off a mortgage.
Home type
41% houses
Proportion of separate houses versus units, townhouses, and other home types. Useful for investors assessing rental demand mix.
Why people like living in North Hobart
- Close to Hobart — roughly 1 km from the CBD, ideal for city workers.
- Cafes, restaurants and nightlife are part of the local fabric.
Who North Hobart suits
Pros and cons
Pros
- Rent sits within an affordable share of local incomes, supporting tenant demand.
- Short distance to the CBD makes commuting straightforward.
- Lifestyle access to shops, cafes and amenities.
Cons
- Median mortgage sits above the Tasmania state median — entry costs are stretched.
- Traffic can build during peak hours, especially on arterial roads.
Investment insight
North Hobart is a smaller community of 2,600 — about 67% of the Tasmania suburb median (3,902) — so investors should factor in the narrower buyer pool and longer average time-on-market. Median household income of $94,796/year runs 28% above the Tasmania suburb median of $73,944, indicating strong purchasing power and the type of demographic profile that tends to sustain premium property prices through market cycles. Median rent of $575/week (as at May 2025 – Apr 2026, Department of Justice (Tasmania) rental bonds) equates to roughly $2,492/month — about 137% of the $1,820/month median mortgage repayment recorded at the 2021 Census. On those figures rental income covers most or all of the recorded repayment, but repayments on new loans have risen with interest rates since 2021, so re-run the coverage at today's rates before treating this as a cash-flow suburb. At 1 km from the Hobart CBD, North Hobart sits inside the high-demand inner ring — properties here compete directly with the city's employment, transport and amenity networks. Only 41% of dwellings are separate houses (vs 80% state median), so this is a unit-heavy market where body-corporate decisions and strata supply meaningfully shape investor returns.
Investment tip
This suburb suits investors prioritising tenant demand over capital-cost efficiency. Rents are supported by proximity to amenities, but strata fees and entry prices can eat into yield. At the 2021 Census, local rents consumed roughly 22% of household income — a dated but useful sanity check on tenant affordability.
North Hobart vs Tasmania median
How North Hobart stacks up against the median of all Tasmania suburbs in our dataset. Positive values mean North Hobart sits above the state median; negative means below.
| Metric | North Hobart | TAS median | Δ vs state |
|---|---|---|---|
| Population | 2,600 | 3,902 | -33% |
| Median household income | $94,796/yr | $73,944/yr | +28% |
| Median rent (weekly, 2021 Census) | $400 | $320 | +25% |
| Median mortgage (monthly, 2021 Census) | $1,820 | $1,378 | +32% |
| Distance to CBD | 1 km | 24 km | -96% |
| Separate houses | 41% | 80% | -39pp |
Investor checklist
Pre-inspection briefing for North Hobart — every item is derived from public datasets, with full citations in our data sources page.
- Market depth: 2,600 residents — 67% of the TAS suburb median (3,902).
- Purchasing power: median household income $94,796/year (+28% vs Tasmania suburb median of $73,944).
- Cash-flow coverage (2021 Census): $400/week rent (≈ $1,733/month) covered ~95% of the $1,820/month median mortgage at the 2021 Census — verify against current rents and rates.
- CBD access: 1 km straight-line from Hobart (state suburb median 24 km).
- Dwelling mix: 41% separate houses — mixed market (vs 80% state median).
- Rate stress-test: budget ~$182/month extra for a 1-percentage-point RBA rate rise on top of the $1,820/month median repayment.
- Tenant rent burden: 22% of the median household income is spent on rent — comfortably affordable.
Investment strategy
Strong buy-and-hold fundamentals: household incomes run 28% above the Tasmania suburb median ($94,796 vs $73,944), and the 1 km CBD distance keeps this suburb in the primary demand zone. In Tasmania, suburbs with this profile have historically clustered in the upper tercile of 10-year capital growth.
Strong rental coverage at the 2021 Census: $400/week (~$1,733/month) covered 95% of the $1,820/month median mortgage, a shortfall of just $87/month. Both rents and repayments have moved since 2021 — verify current figures, though this suburb has historically leaned cash-flow-friendly.
Only 41% of dwellings are separate houses (vs 80% TAS median) — this is a unit and townhouse market, where cosmetic flips struggle against body-corporate restrictions, thinner after-reno uplift and competing new supply.
Risk factors
- Interest-rate sensitivity: the $1,820/month median mortgage in North Hobart means a 1-percentage-point RBA rate rise could add roughly $182/month to repayments, reducing buyer borrowing capacity and cooling prices.
- Premium-pricing risk: incomes 28% above the Tasmania median ($94,796 vs $73,944) correlate with elevated purchase prices and compressed gross yields — enter only with a clear capital-growth thesis and a comfortable deposit.
- Liquidity risk: with 2,600 residents, North Hobart has a thinner pool of buyers and tenants than larger suburbs. Expect longer days-on-market on resale and budget for potential vacancy gaps between tenancies.
- Regulatory risk: changes to Australian tax settings (negative gearing, CGT discount, foreign-buyer surcharges, land-tax thresholds) could reshape after-tax returns in North Hobart regardless of local market conditions.
- Market cycle risk: property markets are cyclical, so stress-test your projections in North Hobart with a 10–15% price pullback scenario before committing capital — returns to date are not a guarantee of future performance.
Run the numbers on a North Hobart property
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Start your journey near North Hobart →2026 outlook
North Hobart enters 2026 with a demographic tailwind — household incomes 28% above the Tasmania suburb median of $73,944 and a population of 2,600 give it the depth and purchasing power to outperform the wider TAS market over the next 12–18 months. At the 2021 Census, rental coverage ran at ~95% of the typical mortgage ($1,733/month rent vs $1,820/month repayment), keeping cash flow in positive or near-neutral territory. Verify against current rents and rates. Overall investor sentiment for North Hobart is constructive heading into the second half of 2026, based on its income, rent and mortgage profile relative to the Tasmania median.
Frequently asked questions
Is North Hobart a good suburb for investment?
Whether North Hobart suits you depends on your strategy, but the fundamentals are concrete: a population of 2,600, a median household income of $94,796/year and median weekly rent of $400. Weigh those against your goal — cash flow, capital growth, or a value-add renovation — each of which we break down with suburb-specific ABS numbers elsewhere on this page.
What drives property demand in North Hobart?
The main demand drivers in North Hobart are proximity to Hobart (1 km), an above-state-median household income of $94,796/year, a dwelling mix that is 41% separate houses. Together these shape both owner-occupier and tenant demand.
What is the population of North Hobart?
North Hobart has a usual resident population of approximately 2,600, compared with a Tasmania suburb median of 3,902 — placing it in the lower half of the state's suburbs by size. Population is the clearest proxy for market depth: more residents mean more transactions and typically a shorter average days-on-market on resale.
How far is North Hobart from the Hobart CBD?
North Hobart sits 1 km straight-line from the Hobart CBD. This is inner-ring territory — pricing competes directly with established Hobart employment nodes.
What is the median rent in North Hobart?
The median weekly rent in North Hobart is $575 (as at May 2025 – Apr 2026, Department of Justice (Tasmania) rental bonds), equating to approximately $29,900/year in gross rental income. Confirm against current listings on realestate.com.au and Domain before making an offer.
What is the typical mortgage repayment in North Hobart?
The median monthly mortgage repayment in North Hobart is $1,820, or approximately $21,840/year (vs $1,378/month state median). Stress-test your own borrowing at rates 1–2 percentage points above today's to make sure you can still service the loan through an RBA tightening cycle.
Is North Hobart cash-flow positive for investors?
A median weekly rent of $400 works out to $1,733/month, covering 95% of the median mortgage repayment of $1,820/month. That leaves a $87/month shortfall (around $1,044/year before tax benefits), so a typical owner-occupier-priced property here is negatively geared. Actual cash flow depends on your deposit, loan terms, ownership costs and marginal tax rate — run the full numbers in our rental yield calculator.
What are the main risks of investing in North Hobart?
The main risks are a thin buyer pool (2,600 residents), interest-rate sensitivity on the $1,820 median mortgage, the broader Tasmania market cycle. Each of these is covered in the Risk Factors section above with suburb-specific numbers rather than generic warnings.
How we built this North Hobart profile
The population figure on this page comes from the ABS 2021 Census. The postcode comes from a community postcode dataset cross-checked against Australia Post. The dwelling mix is from the ABS 2021 Census. The median household income is the ABS 2021 Census median weekly household income, annualised. Distance to the CBD is calculated from the suburb's ABS centroid. The Census median rent and mortgage figures are 2021 figures and are labelled as such wherever they appear — they are five years old and have moved substantially since. The current median weekly rent in Key indicators is a genuine recent figure from Department of Justice (Tasmania) rental bonds (May 2025 – Apr 2026), published under a Creative Commons licence and dated on the page. We do not publish an investment score or school/park counts for this suburb. See our methodology and data sources for exactly what's measured and what's estimated.