41 Barrack Street, Hobart, TAS 7000 | Property Value & History | OnTheHouse
 
OFF MARKET

41 Barrack Street
Hobart TAS 7000

Bedrooms: -
Bathrooms: 1
Car spaces: 2
Land area: 436m2
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Property Details for 41 Barrack St, Hobart

Building Type
Commercial
Year Built
1900
Land Size
436m2
Local Government
Hobart
Lot/Plan
1/36772

Last Listing description (May 2010)

HOBART HOSTEL
LOCATED ON THE CBD FRINGE AND INCLUDES A LOUNGE AND DINING AREA, COMMERCIAL KITCHEN, INTERNET ALCOVE, OFFICE, 14 ACCOMMODATION ROOMS PLUS 4 ENSUITES ROOMS AT THE REAR.
THIS IS ONE OF THE PRIME BACKPACKER ESTABLISHMENTS IN HOBART AND WAS CONVERTED FROM A FORMER HOTEL IN DECEMBER 2004 WITH 4 EXTRA UNITS ADDED IN 2006. IT HAS A CAPACITY FOR 102 BEDS.

THE BUSINESS MOSTLY OPERATES UNDER MANAGEMENT WITH ANNUAL REVENUE OF $412,000 PROVIDING A VERY HIGH NET PROFIT WHICH REPRESENTS A YIELD OF 17.4% ON THE ASKING PRICE.
THE HOBART BACKPACKERS MARKET IS ALWAYS SHORT OF ACCOMMODATION, PARTICULARLY FROM DECEMBER TO APRIL. THE ???HOBART HOSTEL??? ENJOYS AN EXCELLENT REPUTATION AND WITH STRONG WEBSITE AFFILIATIONS THE BUSINESS CONTINUES TO PROSPER.

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Property History for 41 Barrack St, Hobart, TAS 7000

A timeline of how this property has performed in the market
Last Sold
$850,000
11 Jun 2010
  • 11 Jun 2010
    Sold for $850,000
  • 04 Mar 2010
    Listed for Sale Not Disclosed
  • 22 Apr 2004
    Sold for $475,000
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About Hobart 7000

The size of Hobart is approximately 2.1 square kilometres. It has 10 parks covering nearly 4.8% of total area. The population of Hobart in 2016 was 2296 people. By 2021 the population was 3390 showing a population growth of 47.6% in the area during that time. The predominant age group in Hobart is 20-29 years. Households in Hobart are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Hobart work in a professional occupation.In 2021, 27.40% of the homes in Hobart were owner-occupied compared with 26.40% in 2016.

Hobart has 3,061 properties. Over the last 5 years, Houses in Hobart have seen a 15.77% increase in median value, while Units have seen a 23.82% increase. As at 31 December 2025:

  • The median value for Houses in Hobart is $1,002,167 while the median value for Units is $789,435.
  • Houses have a median rent of $623 while Units have a median rent of $650.
There are currently 18 properties listed for sale, and 44 properties listed for rent in Hobart on OnTheHouse. According to Cotality's data, 84 properties were sold in the past 12 months in Hobart.

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