Question 1

Is North Hobart a nice place to live?

Accepted Answer

North Hobart sits just north of Hobart's city centre and centres on the Elizabeth Street dining strip, where cafes, bakeries, pubs and the art-house State Cinema create a village-like atmosphere. Tree-lined streets mix Victorian terraces and timber cottages with sympathetic infill apartments, attracting a blend of young professionals, couples and families. The suburb is walkable, with regular buses, independent shops and community venues close by, and the nearby Domain and kunanyi / Mount Wellington offer parks and walking tracks.

About 2,600 people live here and the median age is 35; typical household income is $1,823 a week ($94,800 a year). Dwellings are more often rented than owner-occupied (55.0% rented; 45.0% owner-occupied). A neighbourhood plan and an Elizabeth Street streetscape project are guiding growth and public realm improvements, Metro Tasmania's high-frequency Turn Up and GO buses serve the area, and several social housing projects are active. Whether North Hobart suits you depends on how you value the lively dining strip, walkability and a largely renting community.

Question 2

Is it expensive to live in North Hobart?

Accepted Answer

Rents in North Hobart would take a noticeable portion of local incomes as recorded at the most recent Census. A house renting for $630 a week is about 34.6% of the median household's weekly income at the last Census, which is a sizeable share, while a unit at $515 a week is about 28.3% of that income, a moderate share. For people looking to rent, those rent shares are the clearest affordability guide; whether they feel expensive depends on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is North Hobart a good place to invest?

Accepted Answer

Over the past 12 months in North Hobart, median house values rose 11.8% while median unit values fell 7.2%. Rents increased modestly for both property types, with house rents up 3.3% and unit rents up 4.0%.

For someone weighing North Hobart up as an investment, the value figures speak to capital growth on houses this year and a decline for units, while the rent figures show modest rental income increases for both, slightly stronger for units. Which of those outcomes matters to you will depend on whether you prioritise capital growth or rental income.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	N/A	N/A
Change in value Past 12 months	11.8%	-7.2%
Sold Past 3 months	9	3
Median days on market Past 12 months	31	90
Average rent Past 12 months	$630	$515
Change in rent Past 12 months	3.3%	4.0%

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