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.
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.
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%