North Hobart vs Taroona
Property investment comparison - North Hobart, TAS 7000 vs Taroona, TAS 7053
Head-to-head across core investment metrics: North Hobart wins 4, Taroona wins 1. 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 | North Hobart | Taroona |
|---|---|---|
| Median house price | $940K | $950K |
| Median unit price | - | $1.2M |
| Gross rental yield (houses) | 3.45% | - |
| Gross rental yield (units) | 4.18% | 1.93% |
| 1-year house growth | -1.3% | +1.8% |
| 3-year house growth | +15.5% | -4.0% |
| Vacancy rate | 0.9% | 2.3% |
| Population | 2,600 | 3,121 |
North Hobart vs Taroona: what the numbers say
The median house price is $940K in North Hobart and $950K in Taroona, so North Hobart is the cheaper entry point, with Taroona houses about 1% dearer.
Over the past year house prices moved -1.3% in North Hobart and +1.8% in Taroona, so recent momentum favours Taroona, while North Hobart went backwards.
Looking back three years, North Hobart houses are +15.5% and Taroona houses -4.0%, so North Hobart has compounded faster than Taroona over the longer window.
Rental vacancy is 0.9% in North Hobart and 2.3% in Taroona, 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.
Taroona is the bigger suburb, with a population of 3,121 against 2,600, larger than North Hobart; a larger suburb usually means a deeper pool of buyers and tenants.
In short: North Hobart for a lower purchase price, Taroona 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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