No matter where in TAS you want to buy a home, it's important that you get the right mortgage product to make sure that you pay as little as possible every month. The median house price in HOBART , 7000 is $605,000 this month which means that a mortgage for 80% of that value would be $484,000.
Between 2005 and 2011 the population of HOBART, 7000 grew an average of 71.60 people each year. This figure of 400.40% per annum means HOBART is one of the more rapidly growing suburbs in TAS.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in HOBART, 7000 rank at number 206th in State or 4237th nationally when listed in order of median monthly mortgage payment.
In a list of Australian suburbs ranked by what percentage of the median household income was paid out in home loan repayments, HOBART TAS would be 1919th with 36.39.