Mornington ranked the 2017 hotspot for Hobart houses

Mornington ranked the 2017 hotspot for Hobart houses
Mornington ranked the 2017 hotspot for Hobart houses

Mornington takes the equal top spot as Hobart's 2016/2017 hotspot for investing in houses with an expected increase of four percent over the next 12 months.

Mornington's current median price is $300,000, according to APM, in their forecast developed by APM senior economist, Dr Andrew Wilson.

Mornington ranked the 2017 hotspot for Hobart houses

An example would be a four bedroom house at 31 Binalong Road (above) that is currently on sale for over $349,000, which is $49,000 above the median price.

Mornington ranked the 2017 hotspot for Hobart houses

Similarly a four bedroom house was recently sold at 496 Cambridge Road (above) for $380,000, which is $80,000 more than the median price.

The Smart Investor magazine, published by Fairfax Media, ranked Blackmans Bay and North Hobart as equal best hotspot.

Suburb                   Postcode          Median price        12 month forecast

Mornington             7018                  $300,000                 4%

Blackmans Bay        7052                  $435,000                 4%

North Hobart           7000                 $475,000                  4%

Carlton                   7173                  $277,500                  3%

Primrose Sands       7173                   $210,000                 3%

West Hobart           7000                   $520,000                  3%

Kingston Beach       7050                   $480,000                 3%

Hobart                   7000                   $557,000                  3%

Bagdad                   7030                  $282,500                 3%

Taroona                  7053                   $522,500                 2%

 

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