August 14, 2014
Good value, great capital growth and a rural setting make Hobartville a favourite among home buyers.
There’s a lot to love about Hobartville. Like all Hawkesbury suburbs it combines the convenience of a modern suburb with the quiet charm of a semi-rural setting.
In fact, Hobartville started out as a horse stud. It wasn’t until the mid-1960s that the area was subdivided for housing. Not long after the local primary school was opened, and this was followed in the late 1970s by the construction of a shopping centre.
Today Hobartville is a very exclusive address - home to just under 3,000 residents. And because it is bordered on one side by Yarramundi Paddocks and on the other by the Hawkesbury campus of the University of Western Sydney, it is likely to retain its boutique character for many years to come.
Hobartville delivers 34.9% gains over past five years Hobartville home owners and investors have benefitted from some outstanding gains in property values in recent years. It’s fair to say this tiny suburb is really punching above its weight when it comes to capital growth.
Over the last 12 months, values have risen by 14.0%. Even more impressive, over the past five years Hobartville property values have appreciated by 34.9%. A remarkably solid result.
Yet the beauty of Hobartville property prices is that they remain affordable.
The median house price in Hobartville currently stands at $425,000 – well within the budget of many first home buyers and first time investors. Hobartville rental properties are delivering gross yields of around 4.9%, underscoring this location as one to watch for healthy returns.
Time on market is just 34 days. Highlighting the appeal of the Hobartville properties, homes in the area are taking just 34 days to sell. The bottom line is that it pays to act fast to secure your slice of Hobartville.
To take advantage of today’s low interest rates, and discuss the range of flexible Hobartville home loan options, call into Mortgage Choice Richmond. We’re conveniently located at 1/37 Lennox Street, Richmond. Or contact Andrew Heath on 4578 9904 or 0411 550 600 at any time.
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*RP Data Suburb ScoreCard, Corporate Edition. Data Set April 14 published July 14.