West Hobart
Median house prices in West Hobart sit at $935,000, which is 15.5% below the 2022 peak of $1,107,000, yet the suburb still carries household incomes in the 74.7th percentile nationally and a 61.2% university qualification rate that runs 31.1 points above the national figure. Over 30 years prices have compounded at 6.8% a year, rising 629% from $128,250 in 1996, so the recent slide reads as a cooling from an unusually high base rather than a weak market. The population of 6,525 has grown 21.3% over the decade, faster than most established inner suburbs, and the median age of 38 is 2.0 years below national despite an aging trajectory.
Population
6,525
Median Age
38.0
Household IncomeiMedian weekly household income (ABS Census)
$1,996/wk
DAs (12 months)iDevelopment Applications lodged in the past year
8
Median House
$935K
YTD 2026
Buyers face a $935,000 median house price, down 15.5% from the 2022 peak of $1,107,000, which has eased entry costs after a long run-up. Stock favours families because 76.1% of dwellings are separate houses against just 17.3% apartments, and three-bedroom homes lead at 38.4% with four-plus bedrooms at 24.3%. The affordability picture is comfortable for those who can buy in: monthly mortgage repayments average $1,950, giving a mortgage-to-income ratio of 22.6%, well below the 30% stress threshold and lower than many mainland capital suburbs. That low ratio holds because household incomes sit in the 74.7th percentile, so the steep headline price is absorbed more easily than the number alone suggests.
For Buyers
Buyers face a $935,000 median house price, down 15.5% from the 2022 peak of $1,107,000, which has eased entry costs after a long run-up. Stock favours families because 76.1% of dwellings are separate houses against just 17.3% apartments, and three-bedroom homes lead at 38.4% with four-plus bedrooms at 24.3%. The affordability picture is comfortable for those who can buy in: monthly mortgage repayments average $1,950, giving a mortgage-to-income ratio of 22.6%, well below the 30% stress threshold and lower than many mainland capital suburbs. That low ratio holds because household incomes sit in the 74.7th percentile, so the steep headline price is absorbed more easily than the number alone suggests.
For Investors
Renters make up 35.1% of households and weekly rent averages $400, giving a deep tenant base in a detached-house market. Against the $935,000 median, that rent implies a gross yield near 2.2%, low and typical of a capital-growth suburb rather than a yield play. The 8.2% vacancy rate is elevated, which softens the case for new buys, but demand support is real: net overseas migration adds 252 residents a year against a net internal outflow of 187, and rent has grown 43.1% over the period. Development is thin at only 5 applications in 12 months, mostly alterations rather than new dwellings, so supply stays tight. The investment logic rests on capital growth and rent escalation more than on yield or transaction volume.
Development Activity
Total DAs
8
Last 12 Months
8
YoY ChangeiYear-over-year change in DA lodgements
—
Avg DA CostiAverage estimated cost per DA in the past year
N/A
Monthly DA Lodgements
DA Categories
Schools in West Hobart iICSEA: school advantage index. 1000 = national avg, higher = more advantaged
Lansdowne Crescent Primary School
K-6 · 404 students
Goulburn Street Primary School
K-6 · 218 students
Demographics
The median age of 38 is 2.0 years below the national figure, yet the trajectory is aging, with the senior share up 4.1 points and the young share down 2.2 points over the decade. University qualifications reach 61.2%, which is 31.1 points above national, marking one of the most educated populations in Tasmania. Ancestry leans Anglo, led by English (2,826), Irish (1,016) and Scottish (848), and 23.6% of residents were born overseas, just 2.0 points above national. The top non-English languages are Mandarin (83), Nepali (49) and Greek (22). Average household size is 2.3, which is 0.2 below national, consistent with the 33.6% of families that are couples without children, a profile that fits the high-education, professional resident base.
Age Distribution
Bedrooms
Dwelling Structure
76.1%
Houses
6.5%
Townhouse
17.3%
Apartment
Tenure
Tenure is balanced almost evenly: 34.9% own outright, 30.0% carry a mortgage and 35.1% rent, so no single group dominates. The stock is overwhelmingly detached at 76.1% separate houses, with apartments at 17.3% and semi-detached at 6.5%, which keeps the suburb family-oriented rather than dense. Three-bedroom dwellings lead at 38.4% and four-plus bedroom homes reach 24.3%. The median house price of $935,000 has fallen from $945,000 in 2024 and $937,500 in 2025, a gentle 15.5% retreat from the 2022 peak of $1,107,000. Both stress measures stay low, with mortgage-to-income at 22.6% and rent-to-income at 20.0%, each well below the 30% threshold, because incomes in the 74.7th percentile comfortably cover housing costs.
Median House Price Trend
Source: State Valuer-General
Mortgage / mo
$1,950
Rent / wk
$400
HH Size
2.3
Personal Income / wk
$998
Vacancy Ratei% of dwellings unoccupied on Census night (ABS 2021)
8.2%
Unoccupied
239
Rent / IncomeiMedian rent as % of household income. Over 30% = housing stress
20.0%
Mortgage / IncomeiMedian mortgage as % of household income. Over 30% = housing stress
22.6%
Community Profile
Languages Spoken at Home
Ancestry
Household Composition
33.6%
Couples, no children
4,536
Total families
Economy & Employment
The workforce concentrates in public-facing knowledge sectors: Healthcare leads at 20.6% (605 workers), Education follows at 15.7% (462) and Public Admin at 13.3% (392), with Professional/Tech at 12.0% and Hospitality at 7.0%. By occupation, Professionals (1,497) and Managers (557) dominate, which aligns with the decile 9 IEO score for education and occupation. Unemployment is moderate at 5.4% and participation reads 65.1%. One anomaly stands out: the IER score for economic resources sits at decile 4, far below the decile 9 IRSAD and decile 8 IRSD readings, because the 35.1% renter share and large public-sector workforce depress aggregate household wealth measures even though education and occupation rank near the top.
Unemployment
5.2%
Labour Force
5,826
Unemployed
302
Quarterly Trend
Source: SALM Dec-25
Socio-Economic Indexes (SEIFA)iABS index ranking suburbs from 1 (most disadvantaged) to 10 (most advantaged)
Full-time
57.4%
Part-time
37.2%
Participation
65.1%
Employed
3,463
Occupations
Top Industries
University
61.2%
Postgraduate
21.8%
Born Overseas
23.6%
Dwellings
2,666
Transport to Work
Active transport is heavily used: 35.7% of residents walk or cycle to work, far above the national reliance on cars, while only 52.7% drive and 3.2% take public transport, reflecting the suburb's compact 4.08 km2 footprint close to central Hobart. The area scores decile 9 on IRSAD and decile 8 on IRSD for relative disadvantage, both near the top tier, so few residents face deprivation, and only 3.3% of the 6,525 population need daily assistance. Volunteering runs high at 26.5%. No schools are recorded inside the boundary in this dataset, so families rely on institutions in neighbouring suburbs, a practical trade-off for an inner-city setting where the university qualification rate reaches 61.2%.
Drive
52.7%
Public Transport
3.2%
Walk / Cycle
35.7%
Work from Home
N/A
Population Forecast
+1.27%/yr
(+118 people/yr)
EstablishedWest Hobart is growing steadily, with population rising 1.27% a year, about 118 residents, and 21.3% over the past decade, faster than most established suburbs. Medium forecasts lift the population from 9,619 in 2026 to 10,210 by 2031. The primary driver is overseas migration at 252 a year, which more than offsets a net internal outflow of 187. The gentrification stage reads early signs with a score of 32, supported by the 20% population gain since 2011 and an acceleration in newcomer share from 4% to 15%. Affordability has worsened, sliding from 43.2% in 2011 to 49.1% in 2021, a sign that demand has outpaced incomes and that the suburb is climbing the advantage ladder.
Historical + Forecast
Hamilton-Perry + Holt smoothing on ERP 2001-2025
Age Cohort Forecast
Primary Driver
Overseas Migration
Net Overseas / yr
+252
Net Internal / yr
-187
Gentrification Signal
Early signs
Population +20% since 2011, Net internal outflow -187/yr, Strong overseas inflow +252/yr, Accelerating: 4% → 15%
National Ranking iPercentile rank among ~15,000 AU suburbs. 90% = higher than 90% of suburbs
How West Hobart compares to ~15,000 Australian suburbs
Frequently Asked Questions
Is West Hobart a good suburb to live in?
West Hobart scores decile 9 on IRSAD and decile 8 on IRSD, both near the top advantage tier, with household income in the 74.7th percentile. University qualifications reach 61.2%, 31.1 points above national, and 35.7% of residents walk or cycle to work. The main trade-off is a high $935,000 median house price.
What is the median house price in West Hobart?
The median house price is $935,000 in 2026, down 15.5% from the 2022 peak of $1,107,000 and slightly below the $945,000 of 2024. Over 30 years prices have compounded at 6.8% a year. Weekly rent averages $400 and monthly mortgage repayments run about $1,950.
What schools are in West Hobart?
No schools are recorded inside the West Hobart boundary in this dataset, so families rely on schools in neighbouring suburbs. The local population is highly educated, with university qualifications at 61.2%, which is 31.1 points above the national figure.
Is West Hobart safe?
Detailed crime statistics are not available for West Hobart in this dataset. As an indirect indicator, the suburb scores decile 8 on the IRSD index of relative disadvantage, near the top tier, and only 3.3% of its 6,525 residents need daily assistance, both consistent with a low-disadvantage area.
Is West Hobart good for property investment?
Rent of $400 a week against a $935,000 median gives a gross yield near 2.2%, low and typical of a capital-growth suburb. The 8.2% vacancy rate is elevated, but net overseas migration of 252 a year and 43.1% rent growth support demand, so returns lean on capital gains over yield.
How is West Hobart's population changing?
Population is growing 1.27% a year, about 118 residents, and rose 21.3% over the decade. Medium forecasts lift it to 10,210 by 2031 from 9,619 in 2026. Overseas migration of 252 a year is the main driver, offsetting a net internal outflow of 187, while the profile slowly ages.
How to read these comparisons
Phrases like "above the national average" reference the unweighted median across Australian suburbs with more than 1,000 residents, not population-weighted national figures. Suburb-level medians are more useful for ranking suburbs against each other; ABS census headlines are population-weighted (so dominated by Sydney and Melbourne) and can read very differently.
Current baseline (refreshed 2026-05-10): median age 40, university-educated 30.1%, born overseas 21.6%, average household size 2.5 people.
Data sources: ABS 2021 Census (demographics, income, tenure), state Valuer-General (house prices), Department of Jobs SALM (unemployment), ACARA (school ICSEA), state Crime Statistics agencies (offences), council DA portals (development applications). Population forecasts use a Hamilton-Perry cohort model calibrated to ABS ERP.
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