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Hobart’s performance over time
Tasmania’s best performers
Rank
Top Ranked Suburb
1
BEAUTY POINT
$215,500
36 34.7%
2
CLARENDON VALE
$170,000
17 27.1%
3
ROSEBERY
$77,000
21 26.2%
Rank
Top Ranked Suburb
1
SOMERSET
$242,500
11 26.0%
2
WYNYARD
$230,000
23 22.3%
3
MOWBRAY
$194,500
16 15.1%
Rolling Median Price (12 months)
Number sold (12 months)
12 month change in median price
Hobart dwelling values have recorded the third highest rate of increase
over the past year, rising by 6.2% with values increasing by 1.9% over
the second quarter of 2016 and 8.5% higher so far in 2016. Hobart
home values are now increasing at their fastest annual pace since
mid–2010. Over the past year, house values have increased by 5.7%
compared to a 10.4% rise in Hobart unit values. Rents are increasing
at a faster annual pace than they were a year ago with house rents
3.6% higher over the year and unit rents up 14.5%. Despite this, gross
house yields have softened to 5.2% over the year from 5.3% a year
ago while unit yields have firmed to 5.4% from 5.2% a year earlier.
TASMANIA
Hobart home values increasing
at fastest pace since 2010
Median prices across Tasmania
How Tasmanian regions compare
Number
sold
Days on
Market
12 month
growth
Greater Hobart
3,529
42
0.3%
Greater Launceston
1,779
65
6.3%
Burnie–Devonport
1,383
99
4.2%
Southern
910
88
–3.7%
North Western Rural
411
89
10.4%
Central North
527
87
5.4%
North Eastern
313
117
–3.0%
Lyell
120
82
7.1%
Lower range (25th percentile) Median price (50th percentile) Upper range (75th percentile)
$100k
$200k
$300k
$400k
$500k
Houses
Units
Median Price
$360,500
$283,000
Quarterly change
1.9%
1.8%
12 months change
5.7%
10.3%
5 year total change
1.2%
11.4%
10 year total change
12.8%
39.6%
Source: CoreLogic
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