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Suburb Insights ยท TAS 7004

South Hobart 7004, Tasmania

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

South Hobart is an inner-city suburb of Hobart, Australia, with a population of approximately 5,886, making it a smaller community. Located 4 km from the Hobart CBD, South Hobart is a inner city area in Tasmania. The median household income is $92,924 AUD per year (ABS 2021 Census).

Investment Score

75 / 100 Good

South Hobart benefits from a high-income resident base, supporting premium property pricing. Close CBD access strengthens tenant appeal and resale value.

Location

Map shows South Hobart, Tasmania, Australia.

Key Indicators

Postcode
7004

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

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Population
5,886

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

ABS Census Data โ†’
Median Rent (weekly)
$378/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
$92,924/yr

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

ABS Census Data โ†’
Distance to CBD
4 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
2

Estimated 2 parks and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$1,648/mo

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

ABS Census Data โ†’
Dwelling Type
65% 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, South 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 $378/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $1,648/month. The median household income of $92,924/year reflects a solid demographic, supporting sustainable rental demand.

Investment Strategy

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Buy & Hold

With robust local demand and income levels, South Hobart is a natural candidate for patient investors.

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Rental Yield

Expect competitive but not exceptional rental returns in South Hobart's current market.

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Renovation / Flip

Some renovation potential exists in South Hobart, though margins may be tighter due to higher base prices or competition.

Risk Factors

Run the numbers on a South Hobart property

Full Property Analysis

30-year projections for South Hobart

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2026 Outlook

Growth: Strong Rental Demand: Moderate Investor Sentiment: Strong

South Hobart is well-positioned for continued price appreciation through 2026, underpinned by high household incomes and location appeal. Rental demand is expected to be stable, though landlords may need to remain competitive on pricing. South Hobart remains on the radar of active property investors in Tasmania.

Frequently Asked Questions

Is South Hobart a good suburb for investment?

South Hobart is a inner city area in Tasmania with a population of 5,886. The median rent is $378/week and the median household income is $92,924/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 South Hobart?

Key demand drivers in South Hobart include employment proximity and urban lifestyle. 65% of dwellings are separate houses. The area has approximately 1 schools and 2 parks nearby.

What is the population of South Hobart?

According to the ABS 2021 Census, South Hobart has a population of approximately 5,886. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is South Hobart from the Hobart CBD?

South Hobart is approximately 4 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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