Nest Property Hobart
03 6224 2004
03 6224 2004

Property CityNORTH HOBART

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North Hobart is a vibrant inner-city suburb situated just around 2 km north of Hobart’s city centre, making it exceptionally convenient for quick trips into town or enjoying a short walk to the action. Its lively main street, Elizabeth Street, is a cultural and culinary hotspot, offering everything from trendy cafes to international cuisines. The area combines charming heritage homes with modern apartments and benefits from lush pocket parks, bustling local markets, and the iconic State Cinema, Tasmania’s largest independent movie house. With its energetic yet neighbourly atmosphere, creative edge, and unbeatable location, North Hobart embodies the perfect fusion of urban flair and community warmth.

North Hobart property market

The North Hobart property market last month had 22 properties available for rent and 32 properties listed for sale. Over the past year, median prices have ranged from $850,500 for houses to $750,000 for units. For investors, houses in North Hobart rent for around $605 per week with an annual rental yield of 3.5%, while units achieve $500 per week with a yield of 4.0%. In terms of growth, the suburb has experienced an annual compound rate of -10.9% for houses and 7.9% for units.

North Hobart is one of Hobart’s most vibrant suburbs, known for its bustling restaurant strip, eclectic cafés, and boutique bars. With a lively arts and culture scene, excellent access to public transport, and close proximity to the CBD, it appeals strongly to young professionals, downsizers, and investors alike. Properties in North Hobart offer a balance between urban convenience and community charm, making it a sought-after location for those wanting to experience Hobart’s best lifestyle offerings.

Market trends

View median property prices* in North Hobart to get a better understanding of local market trends.

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*Data based on sales within the 12 months to August 2025.

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