What cash buyers have been doing here in the last 12 months.
Data last updated
In Hobart, investors own about 69 tracked properties across 22 active buyers, with a median investor purchase price near $70,000. 7 were acquired in the last 12 months.
Volume fell to 7 investor purchases over the last 12 months from about 18, down some 61%. Negotiating leverage has shifted toward whoever is still buying.
Investor ownership in Hobart runs to roughly 69 properties, spread across 22 active buyers. Fewer than 0.3 purchases per buyer over the past year means buying is thinly spread, so breadth of outreach matters more than any one contact.
Half of investor purchases here close below $70,000. Because the average runs to $89,000, this market has two populations: a broad base near the median and a thin band of much larger deals.
Strategy here skews to buy & hold, which accounts for 100.0% of tracked deals. Because these buyers underwrite to cash flow, a credible rent figure moves a deal further than a renovation estimate.
Within Hobart, ZIP 46342 carries the heaviest investor activity — the obvious place to begin.
All figures above reflect recorded transactions in this city and update as records are processed. Past activity only — nothing here is a forecast or investment advice.