Cradoc vs North Hobart
Property investment comparison - Cradoc, TAS 7109 vs North Hobart, TAS 7000
Head-to-head across core investment metrics: Cradoc wins 2, North Hobart wins 2. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Cradoc | North Hobart |
|---|---|---|
| Median house price | $940K | $940K |
| Median unit price | $455K | - |
| Gross rental yield (houses) | - | 3.45% |
| Gross rental yield (units) | 4.71% | 4.18% |
| 1-year house growth | +4.9% | -1.3% |
| 3-year house growth | +5.5% | +15.5% |
| Vacancy rate | 12.7% | 0.9% |
| Population | 456 | 2,600 |
Cradoc vs North Hobart: what the numbers say
Houses cost about the same in both suburbs: the median house price is $940K in Cradoc and $940K in North Hobart.
Over the past year house prices moved +4.9% in Cradoc and -1.3% in North Hobart, so recent momentum favours Cradoc, while North Hobart went backwards.
Looking back three years, Cradoc houses are +5.5% and North Hobart houses +15.5%, so North Hobart has compounded faster than Cradoc over the longer window.
Rental vacancy is 0.9% in North Hobart and 12.7% in Cradoc, so landlords in North Hobart face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
North Hobart is the bigger suburb, with a population of 2,600 against 456, roughly 6 times the size of Cradoc; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Cradoc for recent price momentum, North Hobart for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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