Nest Property Hobart
03 6224 2004
03 6224 2004

Property CityHOBART

1 to 4 out of 4 properties

Hobart, the vibrant capital of Tasmania, combines a rich historical heritage with a modern lifestyle. Known for its lively arts scene, waterfront dining, and stunning mountainous backdrop, Hobart offers an unparalleled mix of cultural and natural attractions. Whether you’re seeking a bustling urban environment or a quiet suburb, Hobart caters to all lifestyles. Discover your home in Hobart with Nest Property.

Hobart property market

The property market in Hobart has recently shown a moderate level of activity, with 40 residential properties listed for rent and 34 properties available for sale. These figures reflect the steady demand for both rental and owner-occupied housing in Tasmania’s vibrant capital city.

When it comes to property values, Hobart continues to exhibit strong market fundamentals. Over the past 12 months, the median property prices have demonstrated healthy growth. Houses in Hobart currently have a median price of approximately $949,000, while units (apartments and townhouses) have a median price sitting at around $867,500. These figures are indicative of the city’s enduring appeal and the competitive nature of the local real estate market.

For prospective investors considering Hobart as a potential location for real estate investment, there are promising rental returns to be found. Houses are typically renting for about $600 per week, which translates to an average rental yield of 3.4% per annum. Units, on the other hand, offer a slightly higher return, renting for around $540 per week with an impressive rental yield of 4.5% annually. These rental figures suggest that Hobart remains a viable option for investors seeking reliable income streams.

In terms of long-term capital growth, Hobart’s performance is also noteworthy. Over the past decade, houses in the area have experienced a compound annual growth rate (CAGR) of approximately 5.4%, while units have outperformed houses with a remarkable 8.8% annual growth rate. This sustained upward trajectory highlights the strength and resilience of Hobart’s property market, making it an increasingly attractive option for both local and interstate investors.

Whether you’re a homebuyer, an investor, or someone exploring the Tasmanian lifestyle, Hobart’s property market presents a balanced mix of growth potential, rental returns, and stability—elements that continue to underpin its reputation as one of Australia’s most promising regional capitals.

Market trends

View median property prices* in Hobart to get a better understanding of local market trends.

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*Data based on sales within the 12 months to July 2025.

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