Lewisham vs North Hobart
Property investment comparison - Lewisham, TAS 7173 vs North Hobart, TAS 7000
Head-to-head across core investment metrics: Lewisham 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 | Lewisham | North Hobart |
|---|---|---|
| Median house price | $935K | $940K |
| Median unit price | $620K | - |
| Gross rental yield (houses) | - | 3.45% |
| Gross rental yield (units) | 2.47% | 4.18% |
| 1-year house growth | +14.6%estimate | -1.3% |
| 3-year house growth | - | +15.5% |
| Vacancy rate | 4.7% | 0.9% |
| Population | 799 | 2,600 |
Lewisham vs North Hobart: what the numbers say
The median house price is $935K in Lewisham and $940K in North Hobart, so Lewisham is the cheaper entry point, with North Hobart houses about 1% dearer.
Over the past year house prices moved +14.6% in Lewisham (an estimate) and -1.3% in North Hobart, so recent momentum favours Lewisham, while North Hobart went backwards.
Rental vacancy is 0.9% in North Hobart and 4.7% in Lewisham, 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 799, roughly 3.3 times the size of Lewisham; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Lewisham for a lower purchase price, Lewisham 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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