New Town vs South Hobart

Houses cost about the same in both suburbs: the median house price is $890K in New Town and $890K in South Hobart.

For units, New Town sits at a median of $480K against $620K in South Hobart, which makes New Town the more affordable unit market and South Hobart the pricier one.

On cash flow, New Town leads: houses there return a gross rental yield of 3.94%, compared with 3.81% in South Hobart, a gap of 0.13 percentage points.

Over the past year house prices moved +0.0% in New Town and +2.6% in South Hobart, so recent momentum favours South Hobart, although both suburbs recorded growth.

Looking back three years, New Town houses are -6.4% and South Hobart houses +0.6%, so South Hobart has compounded faster than New Town over the longer window.

Rental vacancy is 0.4% in New Town and 0.7% in South Hobart, so landlords in New Town face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

New Town is the bigger suburb, with a population of 6,781 against 5,886, larger than South Hobart; a larger suburb usually means a deeper pool of buyers and tenants.

In short: New Town for rental income, South Hobart for recent price momentum, New Town for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.