Authored by the expert who managed and guided the team behind the Australia Property Pack
Yes, the analysis of Hobart's property market is included in our pack
If you're looking to understand housing prices in Hobart in 2026, you've come to the right place.
We constantly update this blog post with the latest data from official sources so you always have fresh and reliable numbers.
And if you're planning to buy a property in this place, you may want to download our pack covering the real estate market in Hobart.
Insights
- The median dwelling price in Hobart reached A$714,000 in January 2026, but after adjusting for inflation, real price growth over the past year is nearly flat at just 1%.
- Units in Hobart cost about A$7,100 per square meter on average, which is roughly 50% more per sqm than detached houses, mainly because units sit in prime inner-city locations.
- Sandy Bay remains Hobart's most expensive suburb, with 4-bedroom houses selling around A$1.43 million, while Glenorchy offers entry-level homes starting near A$450,000.
- New homes in Hobart typically sell for 10 to 15% more than comparable existing properties, driven by lower maintenance needs and better energy efficiency.
- Property transfer duty (stamp duty) in Tasmania adds roughly A$27,000 to a A$700,000 purchase, making total transaction costs around 4 to 5% of the price.
- Hobart house prices have risen about 92% over the past 10 years in nominal terms, but once you adjust for inflation, the real gain is closer to 50%.
What is the average housing price in Hobart in 2026?
The median housing price is more useful than the average because it represents what a typical buyer actually pays, while the average gets pulled up by a small number of very expensive properties.
We are writing this as of the first half of 2026 using the latest data collected from authoritative sources like the NAB Property Market Insights report (which uses Cotality/CoreLogic data) and we manually double-checked all figures.
The median dwelling price in Hobart in 2026 is around A$714,000 (about $479,000 or €406,000), while the estimated average dwelling price sits higher at roughly A$788,000 (about $529,000 or €448,000) because expensive homes push the mean above the median.
About 80% of residential properties in the Hobart market in 2026 sell between A$450,000 and A$1,100,000 (roughly $302,000 to $738,000 or €256,000 to €626,000).
A realistic entry-level price range in Hobart in 2026 is A$380,000 to A$450,000 (about $255,000 to $302,000 or €216,000 to €256,000), which can get you a 2-bedroom unit of around 70 to 80 square meters in suburbs like Glenorchy.
Luxury properties in Hobart in 2026 typically range from A$2.5 million to A$4.5 million (about $1.68 million to $3.02 million or €1.42 million to €2.56 million), and at this level you can find large premium homes in areas like Sandy Bay or waterfront properties on the Eastern Shore.
By the way, you will find much more detailed price ranges in our property pack covering the real estate market in Hobart.
Are Hobart property listing prices close to the actual sale price in 2026?
In Hobart in 2026, houses typically sell for about 3 to 5% below their initial listing price, while units tend to close around 1 to 3% below the asking price.
This gap exists mainly because sellers often start with slightly optimistic prices to test buyer interest, then negotiate down when demand is softer. The discount tends to be larger for older houses where buyers use building inspection findings to negotiate, especially when properties sit on the market for several weeks rather than selling quickly.
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What is the price per sq m or per sq ft for properties in Hobart in 2026?
As of early 2026, the median price per square meter for houses in Hobart is around A$4,680 per sqm (about $3,140 or €2,660) or A$435 per sqft (about $292 or €247), while units average about A$7,100 per sqm (about $4,760 or €4,040) or A$659 per sqft (about $442 or €375). The blended average across all dwellings in Hobart is roughly A$5,210 per sqm (about $3,500 or €2,970).
Units in Hobart have the highest price per square meter because they are concentrated in central, walkable locations where land is scarce, while larger detached houses in outer suburbs have the lowest price per sqm since you're paying more for land and less per square meter of living space.
In Hobart in 2026, Sandy Bay has the highest prices per square meter, ranging from roughly A$6,900 to A$8,900 per sqm (about $4,600 to $6,000), while budget-friendly suburbs like Glenorchy and Moonah have the lowest, sitting between A$2,800 and A$4,000 per sqm (about $1,900 to $2,700).
How have property prices evolved in Hobart?
Compared to one year ago, Hobart dwelling prices have increased by about 5% in nominal terms. However, with Hobart inflation running at around 4.3%, the real (inflation-adjusted) growth is essentially flat, meaning housing has just kept pace with the cost of living.
Looking back 10 years, Hobart house prices have risen dramatically, with medians climbing from around A$488,000 in 2015 to roughly A$938,000 in 2025, a gain of about 92% in nominal terms. After accounting for cumulative inflation over that decade, real price growth is still substantial at around 50%, driven by population growth, lifestyle appeal, and limited housing supply in desirable inner suburbs.
By the way, we've written a blog article detailing the latest updates on property price variations in Hobart.
Finally, if you want to know whether now is a good time to buy a property there, you can check our pack covering everything there is to know about the housing market in Hobart.
We did some research and made this infographic to help you quickly compare rental yields of the major cities in Australia versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you’re planning to invest there.
How do prices vary by housing type in Hobart in 2026?
In Hobart in 2026, about 78% of sales are houses (including detached homes and townhouses) while 22% are units, reflecting the city's preference for standalone homes with private outdoor space.
Detached houses in Hobart average around A$749,000 ($503,000 or €426,000), townhouses and villas sit at roughly A$680,000 ($456,000 or €387,000), mid-rise apartments average about A$560,000 ($376,000 or €319,000), and older unit blocks come in at around A$500,000 ($335,000 or €285,000). Duplexes and semi-detached homes average roughly A$620,000 ($416,000 or €353,000), while prestige waterfront or heritage properties can reach A$2.8 million ($1.88 million or €1.59 million) or more.
If you want to know more, you should read our dedicated analyses:
- How much do properties cost in Hobart?
- How much should you pay for a house in Hobart?
- How much should you pay for an apartment in Hobart?
- How much should you pay for a studio in Hobart?
How do property prices compare between existing and new homes in Hobart in 2026?
New homes in Hobart in 2026 typically sell for about 10 to 15% more than comparable existing properties in the same area.
This premium exists because new builds generally require less immediate maintenance (no aging roof, wiring, or plumbing to replace) and offer better energy efficiency, which buyers increasingly value as utility costs rise.
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How do property prices vary by neighborhood in Hobart in 2026?
Sandy Bay is Hobart's premium suburb, popular with families and university staff due to its waterfront location and proximity to the University of Tasmania. A 3-bedroom house in Sandy Bay typically costs around A$1.1 million ($738,000 or €626,000), while 4-bedroom homes reach about A$1.43 million ($956,000 or €811,000), and 2-bedroom units sell for roughly A$645,000 ($433,000 or €367,000).
West Hobart attracts buyers who want city views and a short commute to the CBD, with plenty of renovated character homes on offer. A 3-bedroom house in West Hobart costs around A$836,000 ($561,000 or €476,000), while 4-bedroom properties reach about A$1 million ($671,000 or €569,000).
Glenorchy is a budget-friendly suburb that works well for first-time buyers looking to enter the Hobart market. A 2-bedroom unit in Glenorchy costs around A$395,000 ($265,000 or €225,000), and 3-bedroom houses sell for roughly A$548,000 ($368,000 or €312,000), making it one of the most affordable options close to the city.
You will find a much more detailed analysis by areas in our property pack about Hobart. Meanwhile, here is a quick summary table we have made so you can understand how prices change across areas:
| Neighborhood | Profile | Avg Price Range | Per sqm | Per sqft |
|---|---|---|---|---|
| Sandy Bay | Premium / university | A$1.10m - A$1.43m ($738k - $956k) | A$6,875 - A$8,900 ($4,610 - $5,975) | A$639 - A$827 ($429 - $555) |
| West Hobart | Commute / views | A$800k - A$1.00m ($534k - $671k) | A$4,975 - A$6,250 ($3,337 - $4,194) | A$462 - A$581 ($310 - $390) |
| New Town | Family / schools | A$660k - A$1.09m ($443k - $733k) | A$4,125 - A$6,830 ($2,768 - $4,584) | A$383 - A$635 ($257 - $426) |
| South Hobart | Family / nature | A$850k - A$1.13m ($572k - $758k) | A$5,330 - A$7,060 ($3,577 - $4,739) | A$495 - A$656 ($332 - $440) |
| Moonah | Value / gentrifying | A$480k - A$640k ($321k - $430k) | A$2,995 - A$4,000 ($2,009 - $2,688) | A$278 - A$372 ($187 - $249) |
| Glenorchy | Budget / starter | A$450k - A$650k ($302k - $436k) | A$2,810 - A$4,060 ($1,887 - $2,726) | A$261 - A$377 ($175 - $253) |
| North Hobart | Popular / cafes | A$800k - A$1.05m ($537k - $705k) | A$5,000 - A$6,560 ($3,355 - $4,401) | A$464 - A$610 ($311 - $409) |
| Lenah Valley | Family / value | A$720k - A$900k ($483k - $603k) | A$4,500 - A$5,625 ($3,019 - $3,774) | A$418 - A$523 ($280 - $351) |
| Lindisfarne | Family / eastern shore | A$700k - A$850k ($470k - $570k) | A$4,375 - A$5,310 ($2,935 - $3,563) | A$406 - A$494 ($272 - $331) |
| Bellerive | Family / waterfront | A$800k - A$950k ($537k - $637k) | A$5,000 - A$5,940 ($3,355 - $3,985) | A$464 - A$552 ($311 - $370) |
| Kingston | Commute / growth | A$580k - A$840k ($389k - $564k) | A$3,625 - A$5,250 ($2,432 - $3,523) | A$337 - A$488 ($226 - $327) |
| Mount Nelson | Views / bush | A$800k - A$1.10m ($534k - $738k) | A$5,000 - A$6,875 ($3,355 - $4,612) | A$464 - A$639 ($311 - $429) |
How much more do you pay for properties in Hobart when you include renovation work, taxes, and fees?
When you factor in transaction costs like stamp duty, legal fees, and inspections, buyers in Hobart in 2026 typically pay an extra 4 to 7% on top of the purchase price.
If you buy a property around $300,000 (about A$447,000) in Hobart, you can expect to pay roughly A$14,000 in stamp duty plus another A$3,000 to A$6,000 in legal fees, searches, and inspections. That brings your total additional costs to around A$17,000 to A$20,000 ($11,400 to $13,400), meaning you end up paying roughly A$464,000 to A$467,000 all in.
For a $500,000 purchase (about A$745,000), stamp duty alone runs around A$28,000, with other fees adding another A$3,500 to A$7,500. Your total extra costs would be roughly A$31,500 to A$35,500 ($21,100 to $23,800), bringing your total outlay to approximately A$776,500 to A$780,500.
At the $1,000,000 level (about A$1.49 million), stamp duty climbs to around A$67,000, plus A$4,000 to A$10,000 in other fees. You would pay roughly A$71,000 to A$77,000 ($47,600 to $51,700) in additional costs, for a total of approximately A$1.56 million to A$1.57 million.
Meanwhile, here is a detailed table of the additional expenses you may have to pay when buying a new property in Hobart
| Expense | Type | Estimated Cost Range |
|---|---|---|
| Property transfer duty (stamp duty) | Tax | A$16,000 on a A$450,000 purchase up to A$58,000 on a A$1.4 million purchase ($10,700 to $38,900). Tasmania uses a sliding scale where the rate increases as the price rises. First-home buyer concessions may reduce this amount significantly. |
| Conveyancing and legal fees | Fee | A$1,200 to A$2,800 ($805 to $1,880). This covers the solicitor or conveyancer who handles the legal transfer of property ownership. More complex transactions or higher-value properties tend toward the upper end. |
| Title searches and settlement disbursements | Fee | A$300 to A$900 ($200 to $600). These are the costs your conveyancer pays on your behalf for title searches, registration fees, and other administrative items. They are usually itemized on your final settlement statement. |
| Building and pest inspection | Fee | A$400 to A$900 ($270 to $600). A building inspection checks structural integrity while a pest inspection looks for termites and other issues. Combined reports are common and strongly recommended for older Hobart homes. |
| Lender valuation and loan setup fees | Fee | A$0 to A$1,000 ($0 to $670). Some lenders waive these fees while others charge for the property valuation and loan establishment. Check with your bank or mortgage broker for exact costs. |
| Light cosmetic renovation | Renovation | A$20,000 to A$50,000 ($13,400 to $33,500). This covers painting, new flooring, basic fixture updates, and minor repairs. It is common for older Hobart properties that are livable but dated. |
| Kitchen and bathroom renovation | Renovation | A$50,000 to A$120,000 ($33,500 to $80,500). A mid-range kitchen or bathroom overhaul including new cabinetry, appliances, tiling, and plumbing. Costs vary widely depending on finishes and layout changes. |
| Major renovation or extension | Renovation | A$150,000 to A$300,000+ ($100,600 to $201,200+). This includes structural changes, room additions, or full-home renovations. Heritage-listed properties in inner Hobart may face additional costs and approval requirements. |
We made this infographic to show you how property prices in Australia compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It’s an easy way to spot where you might get the best value for your money. We hope you like it.
What properties can you buy in Hobart in 2026 with different budgets?
With $100,000 (about A$149,000), there is essentially no residential property market in Hobart at this price point in 2026, as even the most basic units or unusual properties start well above this level.
With $200,000 (about A$298,000), the market remains very limited in Hobart, and if anything appears at this price, it would typically be a very small studio in poor condition or an unusual arrangement that requires significant work or compromise.
With $300,000 (about A$447,000), you can start finding real options in Hobart such as a 2-bedroom existing unit of around 75 sqm in Glenorchy (around A$395,000), a 2-bedroom existing unit in Moonah (around A$440,000), or a small 2-bedroom existing house in Glenorchy (around A$450,000).
With $500,000 (about A$745,000), you enter solid family-home territory in Hobart and can purchase a 3-bedroom existing house of around 120 sqm in Glenorchy (around A$548,000), a 3-bedroom existing house in Moonah (around A$641,000), or a 2-bedroom existing unit in the premium suburb of Sandy Bay (around A$645,000).
With $1,000,000 (about A$1.49 million), you can afford premium family homes in Hobart such as a 4-bedroom existing house of around 200 sqm in Sandy Bay (around A$1.43 million), a 4-bedroom existing home in New Town (around A$1.09 million), or a spacious 4-bedroom character home in West Hobart (around A$1 million).
With $2,000,000 (about A$2.98 million), you are shopping in Hobart's true luxury tier where stock is limited, and options include large prestige homes in Sandy Bay (starting around A$2.5 million), high-end waterfront properties on the Eastern Shore in areas like Bellerive (A$2.5 million to A$4 million+), or rare heritage architect-designed homes near the CBD.
If you need a more detailed analysis, we have a blog article detailing what you can buy at different budget levels in Hobart.
What sources have we used to write this blog article?
Whether it's in our blog articles or the market analyses included in our property pack about Hobart, we always rely on the strongest methodology we can ... and we don't throw out numbers at random.
We also aim to be fully transparent, so below we've listed the authoritative sources we used, and explained how we used them and the methods behind our estimates.
| Source | Why It's Authoritative | How We Used It |
|---|---|---|
| NAB Property Market Insights | NAB is one of Australia's largest banks and their research cites Cotality/CoreLogic, the leading property data provider. | We used it for Hobart-wide median dwelling, house, and unit values as well as growth rates. We also referenced their sales data to verify entry and luxury price bands. |
| Reserve Bank of Australia | The RBA is Australia's central bank and publishes official daily exchange rate data. | We used RBA exchange rates from late 2025 (AUD 1 = USD 0.67, EUR 0.57) to convert all prices. This ensures consistent currency conversions throughout the article. |
| Tasmanian Treasury | This is the official state government publication summarizing economic data including ABS inflation figures. | We used Hobart CPI data (around 4.3% annually) to calculate inflation-adjusted price changes. This let us show real versus nominal price growth. |
| State Revenue Office Tasmania | The SRO is the official tax authority that sets and publishes Tasmania's property transfer duty rates. | We used their published rate schedule to calculate stamp duty at various purchase prices. This formed the basis of our transaction cost estimates. |
| REITAS | The Real Estate Institute of Tasmania is a long-established industry body that publishes consistent historical data. | We used their 2015 versus 2025 median comparisons to calculate 10-year price growth. This provided a reliable anchor for long-term trend analysis. |
| Domain | Domain is one of Australia's largest property portals and publishes suburb-level medians with clear time windows. | We pulled median prices by bedroom count for key suburbs including Sandy Bay, West Hobart, Glenorchy, New Town, Moonah, and South Hobart. These formed our neighborhood comparison table. |
| Hobart Community Legal Service | This community legal service provides plain-English guidance on property purchase costs in Tasmania. | We used their breakdown of conveyancing fees and settlement costs. This helped us structure the "fees you'll actually pay" section beyond just stamp duty. |
| Domain Glenorchy Profile | Domain provides verified sales data and median prices for individual suburbs across Australia. | We used Glenorchy's suburb profile to identify entry-level property examples. This helped illustrate what buyers can get at the lower end of the Hobart market. |
| Domain West Hobart Profile | Domain tracks recent sales and calculates rolling median prices for this inner-city suburb. | We extracted median prices for 3 and 4 bedroom houses. This data supported our neighborhood price comparison for the popular commuter suburb. |
| Domain New Town Profile | Domain's suburb profiles include detailed market trends based on actual settled sales. | We used New Town median prices to illustrate family-friendly suburb options. This helped buyers understand mid-range pricing in established areas. |
| Domain Moonah Profile | Domain aggregates sales data to show price trends in gentrifying suburbs like Moonah. | We referenced Moonah medians for both houses and units. This suburb represents good value close to the CBD for budget-conscious buyers. |
| Australian Bureau of Statistics | The ABS is Australia's official statistical agency providing national demographic and economic data. | We used ABS population and household data indirectly through state government reports. This informed our understanding of demand drivers in the Hobart market. |
| CoreLogic (via NAB) | CoreLogic is Australia's largest property data and analytics provider, tracking millions of sales. | We accessed CoreLogic data through the NAB Property Market Insights report. Their hedonic index methodology provides reliable citywide price benchmarks. |
| realestate.com.au | REA Group operates Australia's largest property listings platform with comprehensive market coverage. | We cross-referenced listing prices to verify that our estimated price ranges aligned with current market offerings. This provided a reality check on our figures. |
| Domain South Hobart Profile | Domain tracks sales activity and medians for this nature-adjacent family suburb. | We used South Hobart data to round out our neighborhood comparison table. This suburb appeals to families wanting bush proximity with city access. |
| Homes Tasmania | The state housing authority provides data on housing supply, affordability programs, and market conditions. | We referenced government housing data to understand supply constraints. This informed our explanation of why Hobart prices have risen over the decade. |
| Housing Industry Association | The HIA represents home builders and provides data on construction costs and new home pricing. | We used HIA insights to estimate the new-build premium over existing homes. Their data on construction costs informed our renovation estimates. |
| Property Data Solutions | This platform aggregates sales data from multiple sources for property research and valuation. | We used aggregated data to verify suburb-level price ranges. This helped confirm that Domain and CoreLogic figures were consistent with broader datasets. |
| City of Hobart | The local government provides planning, zoning, and development information for the Hobart area. | We referenced council data to understand heritage and planning constraints. This helped explain why inner-city supply remains limited despite demand. |
| ListGlobally | This international property network syndicates Australian listings to overseas buyers. | We reviewed international listings to gauge expat buyer interest in Hobart. This supported our identification of expat-friendly suburbs. |
| Mortgage House | This lender provides information on loan products, rates, and typical lending fees in Australia. | We referenced lender fee schedules to estimate loan establishment costs. This informed the lender valuation line item in our transaction cost table. |
| Architecture and Design | This industry publication covers building costs, renovation trends, and construction pricing. | We used industry benchmarks to estimate renovation costs at various scopes. This helped create realistic cost ranges for cosmetic through major renovations. |
| Your Investment Property | This investor-focused publication tracks rental yields, capital growth, and market fundamentals. | We cross-referenced investor analysis to verify that our growth estimates were consistent with professional market commentary. This provided an additional perspective on Hobart trends. |
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