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South Hobart, TAS 7004
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$890,000
market range $850K-$925K
Median Unit
$620,000
market range $525K-$650K
Gross Yield (houses)
3.8%
1yr Growth (houses)
+2.6%
market range -5.0% to +7.5%
Investment snapshot for South Hobart
South Hobart has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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South Hobart market and investor summary
South Hobart (TAS 7004) runs a median house price of $890K, with houses yielding a gross 3.8%. House prices have moved +2.6% over the past year and +0.6% over three years. At 0.7% vacancy, it is a tight rental market that favours landlords.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 3.8% is neither a standout cashflow play nor a pure growth bet.
Living in South Hobart: people, income and schools
South Hobart has a resident population of roughly 5,886, a number that has held fairly steady over five years. The median age is 38, broadly working-age, and families account for 62% of households.
Households here earn a median of about $93,000 a year, or roughly $1,790 a week. On socio-economic measures it ranks among the most advantaged in the country (9 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 9.6 times local household income, so affordability is a genuine constraint on local buyers.
There are 31 schools within about 5km, and they test well above the national school average on ICSEA, a draw for education-focused families. It is roughly 2.1 km from the CBD. Some errands can be done on foot, though a car still helps; the suburb scores 68 for walkability and 31 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.
- Population
- 5,886
- -0% over 5yr
- Median age
- 38 years
- Median household income
- $93,000/yr
- Households renting
- 32%
- Family households
- 62%
- Socio-economic rank
- 9/10
- ABS advantage index
- Schools within 5km
- 31
- avg ICSEA 1143
- Unemployment
- 3.7%
- Distance to CBD
- 2.1 km
- Walk score
- 68/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in South Hobart
View all →Frequently asked questions about South Hobart
What should I check before investing in South Hobart?
South Hobart has enough public data for first-pass screening across yield, vacancy, price and supply signals. Tight rental market (0.7% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in South Hobart?
The median property price in South Hobart, TAS 7004 is $890K for houses and $620K for units.
What rental yield does South Hobart show?
The gross rental yield in South Hobart is 3.8% for houses. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for South Hobart?
House prices in South Hobart are up 2.6% over the past year and up 0.6% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in South Hobart?
The current vacancy rate in South Hobart is 0.7%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in South Hobart?
South Hobart has a population of approximately 5,886 residents, with a median age of 38.
What schools are near South Hobart?
There are 31 schools within roughly 5km of South Hobart. Their average ICSEA sits well above the national mean of 1000, which points to a more advantaged school catchment. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is South Hobart affordable to buy in?
A median house in South Hobart costs about 9.6 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is South Hobart's population growing?
The population of South Hobart has held roughly flat over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is South Hobart from the CBD?
South Hobart is about 2.1 km from the CBD.
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