Property Prices in Hobart, Australia

Index Info
Price to Income Ratio: 8.63
Mortgage as Percentage of Income: 79.04%
Loan Affordability Index: 1.27
Price to Rent Ratio - City Centre: 21.72
Price to Rent Ratio - Outside of Centre: 23.42
Gross Rental Yield (City Centre): 4.60%
Gross Rental Yield (Outside of Centre): 4.27%
Rent Per Month
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Apartment (1 bedroom) in City Centre 2,466.67 A$ 1,900.00-3,500.00
Apartment (1 bedroom) Outside of Centre 1,766.00 A$ 1,330.00-3,400.00
Apartment (3 bedrooms) in City Centre 3,303.33 A$ 3,000.00-4,000.00
Apartment (3 bedrooms) Outside of Centre 2,376.67 A$ 1,960.00-3,500.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 960.80 A$ 650.32-1,486.44
Price per Square Feet to Buy Apartment Outside of Centre 743.22 A$ 464.51-1,114.83
Salaries And Financing
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Average Monthly Net Salary (After Tax) 5,314.48 A$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.80 6.10-8.00

These data are based on 62 entries in the past 18 months from 11 different contributors.
Last update: November 2024

Sources and References
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