Property Prices in Hobart, Australia

Index Info
Price to Income Ratio: 7.64
Mortgage as Percentage of Income: 68.32%
Loan Affordability Index: 1.46
Price to Rent Ratio - City Centre: 28.68
Price to Rent Ratio - Outside of Centre: 26.08
Gross Rental Yield (City Centre): 3.49%
Gross Rental Yield (Outside of Centre): 3.83%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 1,575.00 A$ 1,200.00-3,200.00
Apartment (1 bedroom) Outside of Centre 1,250.00 A$ 800.00-1,600.00
Apartment (3 bedrooms) in City Centre 2,437.50 A$ 2,100.00-3,000.00
Apartment (3 bedrooms) Outside of Centre 1,890.00 A$ 1,400.00-2,200.00
Buy Apartment Price
Price per Square Feet to Buy Apartment in City Centre 857.80 A$ 483.09-1,226.31
Price per Square Feet to Buy Apartment Outside of Centre 613.15 A$ 260.13-929.02
Salaries And Financing
Average Monthly Net Salary (After Tax) 5,183.28 A$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.50 3.00-6.50

These data are based on 45 entries in the past 18 months from 7 different contributors.
Last update: September 2023

Sources and References
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