Finder makes money from featured partners, but editorial opinions are our own.

Finder’s Property Investment Index Hobart

Find out which suburbs are forecasted for high price growth in Hobart.

Australians love property, but for many, figuring out where to invest is the hardest part. Finder's Property Investment Index uses a range of data inputs to predict price growth in each suburb across Australia's major cities. Property Investment Index pages for Sydney, Melbourne, Brisbane, Adelaide and Perth are also available.

As of March 2024, the following suburbs have the highest potential for price growth:
Houses

  • Seven Mile Beach(83/100)
  • Rosny(81/100)
  • Kingston Beach(76/100)

Units

  • Hobart(77/100)
  • Blackmans Bay(77/100)
  • West Hobart(75/100)

What is the Property Investment Index?

The Property Investment Index is a model that ranks suburbs based on their investment potential. Suburbs are scored out of 100, with 100 indicating very high predicted price growth and 0 indicating very low or negative predicted price growth.

The final score is calculated based on 3 factors:

  • Market demand (maximum 50 points): This is based on sales turnover, average days on market, vacancy rates, building approvals and distance to the CBD.
  • Population (maximum 40 points): This is based on population, population growth, income, income growth and unemployment rates.
  • Property (maximum 25 points): This is based on historical property price growth and current property prices.

An additional 15 points are given to suburbs that have had at least 1 property sale over the past 12 months. The number of points for each suburb is capped at 100.

The index is intended to be an indicator of relative price growth, rather than of property prices themselves. A high score does not necessarily mean that a suburb will have the highest house prices but that we can expect strong growth in that area.

Houses

Top scoring suburbs by price point

Units

Top scoring suburbs by price point

Search the Property Investment Index by suburb

How the Index works

Finder's Property Investment Index uses a range of data inputs to predict price growth in each suburb across Australia's major cities. These data inputs are weighted to produce a score out of 100, with 100 indicating very high predicted price growth and 0 indicating very low or negative predicted price growth.

Apart from the weighted inputs listed below, an additional 15 points are given to suburbs that have had at least 1 property sale over the past 12 months.

Investor activity in Tasmania

Prior to the pandemic, investor activity in Tasmania had been relatively stable. When COVID hit, investor home loans remained largely unchanged, before starting to increase towards the end of 2021. In March 2022, the value of new investor home loans reached a historical high of $157 million, an increase of 38% from the previous year. As of August 2023, the total value of investor loans in Tasmania has been reported at $91m, a decrease of 1.9% month on month and a decrease of 23.9% year on year.

The data also shows investors are beginning to take on more of the market from owner occupiers. In January 2021, investor loans made up 24% of all home loans, but that figure has now grown to 37%.

The rolling 3-month average sale price in Hobart showed a decrease from $683,750 in February 2022 to $602,500 in July 2023.



More guides on Finder

Ask a Question

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our 1. Terms Of Service and 6. Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Go to site