All About West Hobart, Hobart, TAS, 7000

West Hobart, a charming suburb located just a short distance from the Hobart city center in Tasmania, has established itself as a highly sought-after area in the local housing market. Known for its blend of character-filled older homes and modern residences, West Hobart offers a diverse range of housing options that cater to various tastes and budgets. In recent years, the suburb has experienced significant interest from both young professionals and families, contributing to a competitive housing market characterized by strong demand and rising property values. The scenic views of Mount Wellington, coupled with lush green parks, contribute to the suburb's appeal, making it a prime destination for those looking to invest in Hobart's real estate.

Living in West Hobart offers residents a perfect balance between community charm and urban convenience. The suburb is known for its friendly neighborhood atmosphere, with a strong sense of community that's evident in local events and frequent markets. Schools and parks are easily accessible, making it a desirable location for families. Additionally, the vibrant North Hobart precinct, with its eclectic mix of cafes, restaurants, and boutiques, is just a stone's throw away, providing ample entertainment and dining options. For those who appreciate outdoor activities, West Hobart's proximity to lush walking trails and parks offers numerous opportunities to explore nature. Overall, West Hobart is a delightful place to live, offering a peaceful suburban lifestyle with all the amenities of city living within easy reach.

West Hobart Real Estate Market Outlook

Thinking about buying in West Hobart? Now could not be a better time, with 3625 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $557,000 with prices in this suburb ranging from $15,000 to $3,487,000. West Hobart is located fairly close to the coast at just 6Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Consistent high demand relative to supply is a key feature in West Hobart driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in West Hobart ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in West Hobart classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in West Hobart requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Instant Property Valuation

---

---

---

---

---

Public Transport

---

General Points of Interest

---

Nearby Suburbs

Residz covers 12m+ Australian properties and brings together a wealth of data to give you a better understanding of an area. From crime and schools to bush fire, flood risk and more. Begin your search for properties for sale or learn more about where you currently reside. Residz is an exciting next-generation Real Estate platform getting better by the day!