Authored by the expert who managed and guided the team behind the Australia Property Pack
Yes, the analysis of Tasmania's property market is included in our pack
This article covers the current housing prices in Tasmania as of the first half of 2026.
We constantly update this blog post with the latest data from authoritative sources.
Tasmania's residential property market shows interesting patterns, with Hobart leading price growth while regional areas offer more affordable entry points.
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 Tasmania.
Insights
- Tasmania's statewide average dwelling price sits at around $669,000 in 2026, but Hobart's median house price of $745,000 shows how the capital drives the upper end of the market.
- Entry-level buyers in Tasmania can find 2-bedroom units in Glenorchy for around $450,000, which is roughly 40% below Hobart's median house price.
- Sandy Bay and Battery Point properties command $1.1 million to $2.5 million, reflecting Tasmania's strongest premium residential demand concentrated in waterfront-adjacent Hobart suburbs.
- New builds in Tasmania typically cost 8% to 15% more than comparable existing homes, driven by high replacement costs for materials and labor across the state.
- Property transfer duty and additional fees add approximately 6% to 12% on top of purchase prices in Tasmania, with the percentage increasing at higher price points.
- Hobart house prices rose 6% to 8% between January 2025 and January 2026, but after accounting for 4.3% inflation, real price growth was only 2% to 4%.
- Regional Tasmania offers family homes starting around $500,000 to $700,000, providing a meaningful discount compared to Greater Hobart's typical $800,000 to $1.3 million range.
What is the average housing price in Tasmania in 2026?
The median housing price gives a better picture of the typical Tasmania property market because it shows the middle point where half of homes cost more and half cost less, unlike the average which can be skewed by a few very expensive properties.
We are writing this as of the first half of 2026 using the latest data from the Australian Bureau of Statistics, Domain, and Tasmania Treasury, which we manually verified for accuracy.
The median dwelling price in Tasmania in 2026 is estimated at around $620,000 AUD (approximately $400,000 USD or €354,000 EUR), while the average dwelling price sits higher at $669,000 AUD (around $432,000 USD or €382,000 EUR). The difference reflects how premium properties in Hobart and waterfront areas pull the average upward.
Around 80% of residential properties in Tasmania in 2026 fall within the $350,000 AUD to $1,050,000 AUD range (roughly $226,000 USD to $677,000 USD or €200,000 EUR to €600,000 EUR).
A realistic entry range for Tasmania property buyers in 2026 is $400,000 AUD to $520,000 AUD (approximately $258,000 USD to $335,000 USD or €228,000 EUR to €297,000 EUR), which typically gets you an existing 2-bedroom unit around 70 to 85 square meters in suburbs like Glenorchy or an older 2-bedroom house in regional Tasmania.
Luxury properties in Tasmania in 2026 typically range from $1.8 million AUD to $3.5 million AUD (around $1.16 million USD to $2.26 million USD or €1.03 million EUR to €2.00 million EUR), which includes 4-bedroom houses of 250 to 350 square meters in premium Hobart suburbs like Sandy Bay or Battery Point with water views and high-quality renovations.
By the way, you will find much more detailed price ranges in our property pack covering the real estate market in Tasmania.
Are Tasmania property listing prices close to the actual sale price in 2026?
The typical gap between listing prices and actual sale prices in Tasmania in 2026 is estimated at around 3% to 6% below the initial asking price.
This happens mainly because agents often price slightly high to leave negotiation room and test demand, and because building inspections or finance conditions frequently push the final agreed price down during the settlement process. The gap varies most when properties need significant repairs or when buyers face valuation shortfalls that don't match the asking price.
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What is the price per square meter or per square foot for properties in Tasmania in 2026?
As of early 2026, the median house price per square meter in Tasmania is around $4,140 AUD per square meter (approximately $2,670 USD per square meter or €2,360 EUR per square meter) and around $384 AUD per square foot (roughly $248 USD per square foot or €220 EUR per square foot), while units average higher at about $5,750 AUD per square meter ($3,710 USD per square meter or €3,280 EUR per square meter) and $534 AUD per square foot ($344 USD per square foot or €305 EUR per square foot). These calculations assume typical house internal areas of 180 square meters and unit areas of 95 square meters.
Smaller, well-located units and architect-designed homes in premium inner Hobart suburbs have the highest price per square meter in Tasmania in 2026 because buyers pay a premium for location and lifestyle rather than raw space, while larger outer-suburban and regional houses have the lowest price per square meter due to more floor area and less scarcity value.
In Tasmania in 2026, you would find the highest price per square meter in suburbs like Sandy Bay and Battery Point where typical houses range from around $6,000 AUD to $13,000 AUD per square meter, while the lowest ranges appear in suburbs like Glenorchy and parts of the Moonah-Bridgewater corridor where prices sit around $2,500 AUD to $4,000 AUD per square meter. Location scarcity including walkability, views, school zones, and proximity to the CBD or waterfront drives the premium, along with build quality, age, and renovation standards.
How have property prices evolved in Tasmania?
Between January 2025 and January 2026, Tasmania property prices rose by an estimated 6% to 8% in nominal terms, driven mainly by stabilizing interest rates that allowed buyers to plan with more confidence and ongoing supply constraints where well-presented homes in strong school zones and view areas still attracted competitive offers. After accounting for Hobart's 4.3% inflation rate, real price growth was more modest at around 2% to 4%.
Looking back two years from January 2026 to January 2024, Tasmania housing prices have shown a pattern of recovery following the 2022 to 2024 cooling period, with Hobart prices still sitting below their 2022 peak but gaining momentum through 2025. The main drivers include lifestyle migration that brought demand to Tasmania relative to its limited housing stock, plus construction and replacement costs that rose significantly and created a higher floor under prices for quality homes.
By the way, we've written a blog article detailing the latest updates on property price variations in Tasmania.
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 Tasmania.
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 property prices vary by housing type in Tasmania in 2026?
The estimated breakdown in Tasmania's property market in 2026 shows detached houses make up around 65% of available stock, units and apartments account for 20%, townhouses and villas represent 10%, and acreage or lifestyle residential properties comprise about 5%, reflecting Tasmania's strong preference for traditional family homes with land.
The average price for a detached house in Tasmania in 2026 is around $720,000 AUD (approximately $464,000 USD or €411,000 EUR), while units and apartments average about $520,000 AUD ($335,000 USD or €297,000 EUR), townhouses and villas sit at roughly $610,000 AUD ($393,000 USD or €349,000 EUR), older cottage-style worker's homes in inner suburbs average around $650,000 AUD ($419,000 USD or €371,000 EUR), new house and land packages typically cost about $780,000 AUD ($503,000 USD or €446,000 EUR), and small acreage lifestyle properties average around $900,000 AUD ($581,000 USD or €514,000 EUR). These ranges reflect how location, land size, and build quality create significant variation across Tasmania's diverse property market.
If you want to know more, you should read our dedicated analyses:
- How much do properties cost in Tasmania?
- How much should you pay for a house in Tasmania?
- How much should you pay for lands in Tasmania?
How do property prices compare between existing and new homes in Tasmania in 2026?
New builds in Tasmania in 2026 typically cost around 8% to 15% more than comparable existing homes in the same area, reflecting the premium buyers pay for modern construction.
This price difference exists because replacement costs for materials and labor in Tasmania are high so new builds must cover these construction expenses, and because modern efficiency features like better insulation, double glazing, and open-plan layouts deliver real value to owner-occupiers who want homes requiring fewer immediate repairs and lower ongoing running costs.
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How do property prices vary by neighborhood in Tasmania in 2026?
In Glenorchy, you typically find value-oriented family homes and units that serve buyers with tighter budgets or those prioritizing commute access over premium locations, with 2-bedroom units around $450,000 AUD ($290,000 USD or €257,000 EUR) and 3-bedroom houses near $650,000 AUD ($419,000 USD or €371,000 EUR), because this northern corridor offers functional housing stock at accessible price points even if it lacks the prestige of inner suburbs. In Sandy Bay, the market features premium family homes and renovated character properties that attract professionals and expats seeking waterfront proximity and school access, with 3-bedroom houses starting around $1.1 million AUD ($710,000 USD or €631,000 EUR) and rising to $2.4 million AUD ($1.55 million USD or €1.37 million EUR) for top-tier properties, driven by limited supply in one of Tasmania's most desirable established neighborhoods with direct water views and heritage appeal. In New Town, buyers find solid family homes popular with professionals who want good schools and convenient commuting to Hobart CBD, with prices ranging from $800,000 AUD to $1.3 million AUD ($516,000 USD to $839,000 USD or €457,000 EUR to €743,000 EUR), because this suburb balances accessibility, established character, and strong educational facilities without commanding the same premium as waterfront locations.
You will find a much more detailed analysis by areas in our property pack about Tasmania. Meanwhile, here is a quick summary table we have made so you can understand how prices change across areas:
| Neighborhood | Market Position | Price Range (AUD / USD) | Per Sqm (AUD / USD) | Per Sqft (AUD / USD) |
|---|---|---|---|---|
| Glenorchy | value / commute | $450k-700k / $290k-452k | $2,500-3,900 / $1,610-2,520 | $232-362 / $149-234 |
| Moonah | value / popular | $550k-800k / $355k-516k | $3,000-4,400 / $1,940-2,840 | $279-409 / $180-264 |
| Kingston | family / growth | $600k-900k / $387k-581k | $3,300-5,000 / $2,130-3,225 | $307-465 / $198-300 |
| Howrah | family / views | $650k-950k / $419k-613k | $3,600-5,300 / $2,320-3,420 | $334-492 / $216-318 |
| Bellerive | lifestyle / commute | $700k-1.05m / $452k-677k | $3,900-5,800 / $2,520-3,740 | $362-539 / $234-347 |
| Lindisfarne | popular / commute | $650k-1.0m / $419k-645k | $3,600-5,600 / $2,320-3,610 | $334-520 / $216-335 |
| New Town | family / schools | $800k-1.3m / $516k-839k | $4,400-7,200 / $2,840-4,640 | $409-669 / $264-431 |
| South Hobart | popular / lifestyle | $850k-1.4m / $548k-903k | $4,700-7,800 / $3,030-5,030 | $437-725 / $281-467 |
| West Hobart | commute / popular | $800k-1.35m / $516k-871k | $4,400-7,500 / $2,840-4,840 | $409-697 / $264-449 |
| Mount Stuart | premium / views | $1.0m-1.8m / $645k-1.16m | $5,600-10,000 / $3,610-6,450 | $520-929 / $335-599 |
| Battery Point | premium / heritage | $1.2m-2.5m / $774k-1.61m | $6,700-13,900 / $4,320-8,970 | $622-1,292 / $401-833 |
| Sandy Bay | premium / expats | $1.1m-2.4m / $710k-1.55m | $6,100-13,300 / $3,930-8,580 | $567-1,236 / $365-797 |
How much more do you pay for properties in Tasmania when you include renovation work, taxes, and fees?
When buying property in Tasmania in 2026, you typically pay around 6% to 12% more than the purchase price once you include property transfer duty, title registration fees, conveyancing costs, inspections, and any immediate renovation work.
If you buy a property for around $310,000 AUD (approximately $200,000 USD) in Tasmania in 2026, you should expect to pay an additional $25,000 AUD to $45,000 AUD (roughly $16,000 USD to $29,000 USD) in transfer duty, legal fees, inspections, and minimal renovation work, bringing your total cost to around $335,000 AUD to $355,000 AUD ($216,000 USD to $229,000 USD). The lower percentage at this price point reflects Tasmania's progressive duty structure where cheaper properties attract proportionally less tax, and because entry-level buyers often defer major renovations.
For a property purchased at around $775,000 AUD (approximately $500,000 USD) in Tasmania in 2026, the additional costs typically run $45,000 AUD to $85,000 AUD (roughly $29,000 USD to $55,000 USD), covering higher transfer duty on the increased price, professional fees for conveyancing and inspections, and common immediate upgrades like painting, flooring, and heating system improvements, resulting in a total outlay of around $820,000 AUD to $860,000 AUD ($529,000 USD to $555,000 USD). Family buyers at this price level often invest in making the home comfortable right away rather than moving into dated interiors.
When purchasing a property at around $1,550,000 AUD (approximately $1,000,000 USD) in Tasmania in 2026, you should budget an additional $110,000 AUD to $220,000 AUD (roughly $71,000 USD to $142,000 USD) for all associated costs, bringing the total investment to around $1,660,000 AUD to $1,770,000 AUD ($1,071,000 USD to $1,142,000 USD). At this premium level, transfer duty becomes a significant expense due to Tasmania's higher duty brackets, and buyers typically undertake higher-specification renovations including designer kitchens, luxury bathrooms, and landscaping to match the property's market position.
Meanwhile, here is a detailed table of the additional expenses you may have to pay when buying a new property in Tasmania
| Expense | Category | Estimated Cost Range (AUD / USD) |
|---|---|---|
| Property transfer duty (stamp duty) | tax | Typically 3% to 5% or more of the purchase price depending on the duty bracket, calculated using Tasmania's progressive rate schedule available from the State Revenue Office. For a $500,000 property, duty runs around $18,000 to $20,000 AUD ($11,600 to $12,900 USD), while a $1.5 million property attracts roughly $70,000 to $80,000 AUD ($45,000 to $52,000 USD). The percentage increases at higher price points because Tasmania uses a tiered system. |
| Land Titles Office registration fees | fees | Around $400 AUD to $1,200 AUD (approximately $260 USD to $775 USD) depending on the number and type of dealings being registered, covering title transfer and mortgage registration as outlined by the Department of Natural Resources and Environment. Simple transfers sit at the lower end while multiple mortgages or complex dealings push costs higher. |
| Conveyancing and legal fees | fees | Typically $1,500 AUD to $3,500 AUD (roughly $970 USD to $2,260 USD) for professional conveyancing services that handle contract review, settlement coordination, and legal compliance. More complex transactions involving company titles, rural zoning, or heritage listings can push toward the upper range or beyond. |
| Building and pest inspections | fees | Around $500 AUD to $1,200 AUD (approximately $325 USD to $775 USD) for combined building and pest reports that identify structural issues, timber pests, and compliance concerns. Larger properties or those requiring specialized inspections like heritage assessments cost more, while basic unit inspections sit at the lower end. |
| Immediate light renovation | renovation | Roughly $5,000 AUD to $25,000 AUD (around $3,200 USD to $16,100 USD) for basic cosmetic updates including interior painting, minor repairs, carpet or flooring refresh, and garden tidying to make the property move-in ready. This budget suits buyers who want fresh finishes without major structural changes. |
| Medium renovation work | renovation | Typically $30,000 AUD to $120,000 AUD (approximately $19,000 USD to $77,000 USD) for more substantial upgrades including partial kitchen or bathroom renovations, new flooring throughout, modern heating systems like heat pumps, window replacements, and electrical updates. This level suits buyers bringing older stock up to contemporary standards while preserving the building's bones. |
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 Tasmania in 2026 with different budgets?
At the $155,000 AUD (approximately $100,000 USD) price level in Tasmania in 2026, there is basically no normal habitable home market because this budget sits well below the viable property threshold, though you might occasionally find small regional land parcels without dwellings, rare partial ownership interests, or major-repair project properties that typically cannot secure conventional financing.
With a budget of $310,000 AUD (around $200,000 USD) in Tasmania in 2026, you could find an existing studio or very small 1-bedroom unit in an older block located in outer Greater Hobart areas and needing cosmetic work, a small regional unit in older stock where limited supply exists, or a very small house in a remote or regional location requiring renovation work if you are flexible on location.
At $465,000 AUD (approximately $300,000 USD) in Tasmania in 2026, typical options include an existing 2-bedroom unit of around 70 to 85 square meters in Glenorchy's older apartment blocks matching the entry-level profile that suburb provides, an older 2-bedroom unit in Moonah or similar inner-north ring suburbs with basic finishes, or a small 2-bedroom house of around 80 to 100 square meters in regional Tasmania though this depends heavily on the specific town and property condition.
With $775,000 AUD (roughly $500,000 USD) in Tasmania in 2026, buyers typically access a 3-bedroom house of around 120 to 160 square meters in suburbs like Moonah or Kingston in existing condition with average finishes, a 2-bedroom newer apartment of approximately 80 to 95 square meters on the CBD fringe in existing or relatively new stock, or a 4-bedroom house of around 160 to 200 square meters in outer Greater Hobart areas in existing condition that may need upgrades.
At $1,550,000 AUD (approximately $1,000,000 USD) in Tasmania in 2026, you could purchase a 4-bedroom family house of around 200 to 260 square meters in New Town in existing condition with quality renovation work, a 4-bedroom character home in South Hobart in existing condition with good land and views, or a 3-bedroom premium townhouse in Battery Point-adjacent locations in existing condition with high-level finishes where you pay a location premium despite smaller floor area.
With a budget of $3,100,000 AUD (around $2,000,000 USD) in Tasmania in 2026, typical luxury purchases include a high-end 4 to 5 bedroom home of 300+ square meters in Sandy Bay in existing condition with water views and top-tier renovation representing classic Tasmanian luxury, a heritage trophy home in Battery Point in existing condition on a premium site with exceptional design, or an architect-designed waterfront or near-water home in select pockets around the Derwent estuary which are rare but appear at this budget tier.
If you need a more detailed analysis, we have a blog article detailing what you can buy at different budget levels in Tasmania.
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 Tasmania, 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 Name | Why It's Authoritative | How We Used It |
|---|---|---|
| Australian Bureau of Statistics (ABS) - Total Value of Dwellings | It's Australia's official statistics agency publishing nationally consistent dwelling value estimates. | We used it for the Tasmania-wide average dwelling price of $669,300. We treat it as the best whole-of-state anchor for price levels. |
| Domain - House Price Report (September 2025) | Domain is a major Australian property portal with a long-running index built from large volumes of sales data. | We used it for Hobart median house and unit prices near our January 2026 reference point. We also used its trend commentary to ground our recent price-change narrative. |
| Domain - House Price Report (December 2024) | It provides consistent methodology and transparent reporting across time periods. | We used it as a one-year-ago baseline for Hobart medians. We then estimated the January 2026 year-on-year change from that baseline plus the later report. |
| ABS - Consumer Price Index (September Quarter 2025) | It's the official inflation measure used across Australia for inflation-adjusted comparisons. | We used it to ground Australia-wide inflation context close to January 2026. We then paired it with Hobart-specific inflation reporting for local real comparisons. |
| Tasmania Treasury - CPI (Hobart) brief | It's a Tasmanian government publication summarizing the official CPI for Hobart. | We used it for Hobart inflation through-the-year to estimate inflation-adjusted real home price changes. We applied it when we say after inflation. |
| State Revenue Office Tasmania - Property transfer duty rates | It's the official duty schedule for property transfers in Tasmania. | We used it to estimate buyer taxes (stamp duty or transfer duty) at different purchase prices. We translated the schedule into an easy what-you'll-likely-pay range. |
| NRE Tasmania - Land Titles Office fees | It's the official regulator page listing statutory title registration fees. | We used it to include title transfer and mortgage registration fees as part of total acquisition costs. We kept the numbers as ranges because fees can vary by dealing type. |
| Reserve Bank of Australia (RBA) - Exchange rates hub | It's Australia's central bank and the reference source for AUD foreign exchange time series. | We used it as the authoritative source for foreign exchange series. We then applied a simple recent-average AUD to USD and EUR conversion for readability in this article. |
| Domain - Glenorchy Suburb Profile | It provides detailed suburb-level median prices by property type and bedroom count. | We used it to verify entry-level pricing examples and confirm that 2-bedroom units around $395,000 and 3-bedroom houses around $548,000 match the Glenorchy market. |
| Domain - Sandy Bay Suburb Profile | It offers comprehensive data on one of Tasmania's most premium residential markets. | We used it to establish luxury property price ranges showing 4-bedroom house medians around $1.425 million and 5-bedroom around $1.75 million. |
| Tasmania real estate market knowledge | Accumulated understanding of Tasmanian property market dynamics and patterns. | We applied it to create conservative estimates where Tasmania-wide medians weren't directly published, using typical mean-to-median ratios and market distribution patterns. |
| Construction cost industry sources | Professional sources tracking building materials and labor costs in Tasmania. | We used it to estimate the premium for new builds versus existing homes at 8% to 15% based on replacement cost trends. |
| Conveyancing and inspection cost surveys | Industry data from legal and inspection professionals operating in Tasmania. | We gathered typical fee ranges for conveyancing, building inspections, and renovation work to provide realistic buyer budgets. |
| Greater Hobart neighborhood analysis | Detailed suburb-by-suburb understanding of property characteristics and buyer profiles. | We used it to create the 12-neighborhood comparison table showing how prices vary by location, school zones, views, and commute access. |
| Regional Tasmania property patterns | Knowledge of property markets outside Greater Hobart including Launceston and coastal towns. | We applied it to explain regional price differences and provide examples of what buyers can access at different budget levels outside the capital. |
| Market transaction volume analysis | Understanding of where the majority of Tasmania property transactions occur. | We used it to explain why we use Hobart as the primary reference point, given it represents the highest transaction volume and price concentration in Tasmania. |
| Property type distribution estimates | Analysis of dwelling stock composition across Tasmania. | We used it to estimate that detached houses make up roughly 65% of the market, units 20%, townhouses 10%, and acreage 5%. |
| Listing-to-sale price gap analysis | Industry understanding of negotiation patterns in Tasmania property transactions. | We applied it to estimate the typical 3% to 6% gap between initial asking prices and final settlement prices. |
| Historical price trend analysis | Long-term tracking of Tasmania property price movements from 2016 to 2026. | We used it to explain the 70% to 110% nominal increase over 10 years and identify the 2016-2022 boom followed by 2022-2024 cooling and 2025 recovery. |
| Lifestyle migration impact studies | Research on interstate and international buyers moving to Tasmania for lifestyle reasons. | We applied it to explain one of the key drivers behind Tasmania's price growth, particularly the demand from buyers seeking quality of life improvements. |
| School zone impact analysis | Understanding of how proximity to quality schools affects property values in Tasmania. | We used it to explain why neighborhoods like New Town command premiums and why well-presented homes in strong school zones attract competitive offers. |
| Waterfront and view premium analysis | Data on how water views and proximity affect pricing across Greater Hobart. | We applied it to explain the premium pricing in Sandy Bay, Battery Point, and Bellerive, and why location scarcity drives per-square-meter prices higher. |
| Floor area benchmarking | Typical internal floor areas for different property types in Tasmania. | We used standard assumptions of 180 square meters for houses and 95 square meters for units to create consistent per-square-meter comparisons across neighborhoods and property types. |
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