Hobart
Why Hobart?
waterfront, Mount Wellington backdrop, and emerging economic diversity. It supports a growing economy with strengths in tourism, public administration, education, healthcare, and creative industries. Major waterfront redevelopment and media-tech precinct initiatives are shaping Hobart’s future urban appeal.
Investment Highlight:
Median house price: A$897,000 in Q4 2024, softening by 5.0% year-on-year
Median unit price: A$530,500 in Q4 2024, down 21.6% year-on-year
Rental yields: House yields around 3.4%; local LGA yields around 4.0%
Rental market: Median rent at A$580 per week for houses; rental supply is limited
Vacancy rate: 0.9%, indicating tight market conditions
Sales activity: House sales increased by approximately 41%, unit sales rose by 4% in Q4 2024
New developments: About A$1.1 billion in projects commencing in 2025, including major waterfront and railyard redevelopments
Approximate Cost:
Median house price: A$897,000
Median unit price: A$530,500
Rental yields: ~3.4% for houses, ~4% for local LGA
Median weekly rent: A$580 (houses)
Vacancy rate: 0.9%
Market speed: Houses take about 45 days to sell
Ideal For: Hobart is ideal for investors seeking medium-term capital growth paired with stable rental demand in a lifestyle-rich capital city. It appeals to downsizers and young families attracted to waterfront living, city amenities, and an evolving creative-tourism hub. Developers and commercial operators will benefit from the city’s major precinct renewals, while professionals in tourism, arts, healthcare, and education will find Hobart a compelling regional centre with expanding opportunity.