Property Prices in Hobart, Australia

Index Info
Price to Income Ratio: 4.28
Mortgage as Percentage of Income: 32.57%
Loan Affordability Index: 3.07
Price to Rent Ratio - City Centre: 12.92
Price to Rent Ratio - Outside of Centre: 13.66
Gross Rental Yield (City Centre): 7.74%
Gross Rental Yield (Outside of Centre): 7.32%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,556.00 A$ 1,200.00-2,200.00
Apartment (1 bedroom) Outside of Centre 1,219.43 A$ 1,000.00-1,800.00
Apartment (3 bedrooms) in City Centre 3,081.25 A$ 2,000.00-5,000.00
Apartment (3 bedrooms) Outside of Centre 1,796.34 A$ 1,500.00-2,100.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 426.01 A$ 185.80-929.02
Price per Square Feet to Buy Apartment Outside of Centre 310.15 A$ 134.71-696.77
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,629.14 A$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.53 3.50-5.20

These data are based on 76 entries in the past 18 months from 11 different contributors.
Last update: May 2021

Sources and References
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