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As of 2026, the median housing price in Hobart is around A$752,000, which is about US$531,000 or €461,000.
In this article, we explain the current housing prices in Hobart, using fresh 2026 data from official and market sources.
We constantly update this blog post so readers can follow the Hobart property market with clear and practical 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
- Hobart housing prices in 2026 are close to A$750,000 for a typical home, but the market still changes a lot between inner suburbs and outer suburbs.
- The average housing price in Hobart in 2026 is higher than the median because premium homes in Sandy Bay, Battery Point and waterfront areas pull the average upward.
- A realistic entry budget for Hobart property in 2026 starts near A$420,000, but this usually means an older apartment or compact unit, not a family house.
- For a normal family home in Hobart in 2026, buyers should often think in the A$800,000 to A$1.2 million range.
- Hobart apartments can have a higher price per square metre than houses because small, well-located units divide the purchase price by less internal space.
- Listed prices in Hobart are usually close to final sale prices, but many average properties still sell 2% to 4% below the advertised guide.
- Hobart property prices rose around 9% to 10% over one year, which means the market recovered strongly compared with its softer post-pandemic period.
- Foreign buyers need to be especially careful in Tasmania because the foreign investor duty surcharge can add 8% to the residential dutiable value.
- The cheapest Hobart housing options are usually in Glenorchy, Claremont, Risdon Vale and Bridgewater, while the highest prices are in Battery Point and Sandy Bay.
What is the average housing price in Hobart in 2026?
The median housing price is usually more useful than the average housing price in Hobart because a few expensive homes in areas like Battery Point and Sandy Bay can make the average look higher than what most buyers actually pay.
We are writing this as of 2026 with the latest data collected from authoritative sources that we manually double checked.
As of 2026, the median housing price in Hobart is about A$752,000, which is around US$531,000 or €461,000.
The average housing price in the Hobart market in 2026 is about A$790,000, which is around US$558,000 or €484,000.
For 80% of residential properties in the Hobart market in 2026, a realistic price range is about A$450,000 to A$1.35 million, or about US$318,000 to US$953,000, or €276,000 to €828,000.
A realistic entry range in Hobart in 2026 is A$420,000 to A$550,000, or about US$296,000 to US$388,000, or €257,000 to €337,000, and this usually buys an older 1-bedroom or compact 2-bedroom apartment of about 45 to 70 sqm in areas such as Glenorchy, Moonah, the New Town fringe, the Lenah Valley fringe or outer Kingston.
A realistic luxury range in the Hobart market in 2026 is A$1.5 million to A$3.2 million, or about US$1.06 million to US$2.26 million, or €920,000 to €1.96 million, and this usually buys a renovated character house, a view home or a waterfront-adjacent family property in Sandy Bay, Battery Point, South Hobart, Mount Nelson, Taroona or Bellerive.
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 the Hobart property market in 2026, closed sale prices are typically about 2% to 4% below the advertised guide, with 3% as a useful central estimate.
This happens because Hobart is a smaller and thinner market than Sydney or Melbourne, so some sellers test the market before accepting a negotiated price.
The gap changes the most for premium inner homes, which can sell at or above guide, and for older homes needing work, which often need a bigger discount after several weeks on the market.
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What is the price per sq m or per sq ft for properties in Hobart in 2026?
As of 2026, the median housing price per sqm in Hobart is about A$5,950, or US$4,200, or €3,650, and the median price per sqft is about A$553, or US$390, or €339.
The average housing price per sqm in Hobart in 2026 is about A$6,500, or US$4,590, or €3,985, and the average price per sqft is about A$604, or US$426, or €370.
The highest price per sqm in Hobart is usually found in small inner apartments, heritage terraces and waterfront or view homes because buyers pay more for scarce land, walkability and lifestyle, while the lowest price per sqm is usually found in larger detached houses farther from the CBD.
In 2026, the highest price per sqm in Hobart is usually in Battery Point, Sandy Bay, South Hobart, Taroona, Mount Nelson and parts of Bellerive, often around A$7,000 to A$12,500 per sqm.
The lowest price per sqm in Hobart is usually in Glenorchy, Claremont, Risdon Vale, Bridgewater and some parts of Moonah, often around A$3,500 to A$5,500 per sqm.
How have property prices evolved in Hobart?
Compared with one year ago, Hobart property prices in 2026 are up about 9% to 10% in nominal Australian dollars.
The main reasons are tight supply, a limited construction pipeline, high building costs and steady demand from lifestyle buyers, renters and investors.
Compared with two years ago, Hobart property prices in 2026 are also clearly higher, even after the market cooled from its earlier peak.
The recovery came because buyers returned to a small market where good homes are limited, especially in inner and waterfront suburbs.
By the way, we’ve written a blog article detailing the latest updates on property price variations in Australia.
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.
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How do prices vary by property type in Hobart in 2026?
In Hobart in 2026, detached houses make up about 58% of the residential market, units and apartments about 24%, townhouses and villas about 10%, prestige houses about 4%, new-build homes about 3% and older renovator homes about 1%, because Hobart is still mainly a detached-house city with apartment stock concentrated near the CBD and established inner suburbs.
Detached houses in Hobart in 2026 usually average around A$850,000, or US$600,000, or €521,000, while units and apartments are closer to A$580,000, or US$409,000, or €356,000.
Townhouses and villas are often around A$720,000, or US$508,000, or €441,000, while prestige houses are closer to A$2.1 million, or US$1.48 million, or €1.29 million.
New-build houses or townhouses are often near A$900,000, or US$635,000, or €552,000, while older entry homes needing work are closer to A$520,000, or US$367,000, or €319,000.
If you want to know more, you should read our dedicated analyses:
How do property prices compare between existing and new homes in Hobart in 2026?
In Hobart in 2026, new construction is typically 10% to 18% more expensive than a comparable existing home, with 14% as a useful central estimate.
This premium exists because new Hobart homes are priced using today’s land, labour, materials, energy standards and builder margins, while many existing homes are cheaper because they need maintenance or upgrades.
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How do property prices vary by neighborhood in Hobart in 2026?
Sandy Bay is one of the most popular Hobart neighborhoods for expats, families and university-linked buyers.
As of 2026, Sandy Bay homes usually range from about A$950,000 to A$2.2 million, or US$671,000 to US$1.55 million, or €580,000 to €1.34 million, because buyers pay for waterfront lifestyle, schools, views and prestige.
Battery Point is a small, historic and very walkable Hobart neighborhood close to Salamanca and the waterfront.
As of 2026, Battery Point homes usually range from about A$1.2 million to A$2.4 million, or US$847,000 to US$1.69 million, or €734,000 to €1.47 million, because heritage homes and boutique apartments are scarce.
Kingston is a practical Hobart-area choice for buyers who want more space, beach access and family infrastructure.
As of 2026, Kingston homes usually range from about A$650,000 to A$950,000, or US$459,000 to US$671,000, or €398,000 to €580,000, because the suburb offers more space for the money than the inner-city market.
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 | Main buyer appeal | Typical price range | Typical price per sqm | Typical price per sqft |
|---|---|---|---|---|
| Battery Point | Prestige, historic and walkable | A$1.2m to A$2.4m / US$847k to US$1.69m | A$8,500 to A$13,000 / US$6,000 to US$9,175 | A$790 to A$1,208 / US$558 to US$852 |
| Sandy Bay | Expat, waterfront and schools | A$950k to A$2.2m / US$671k to US$1.55m | A$7,500 to A$12,000 / US$5,294 to US$8,470 | A$697 to A$1,115 / US$492 to US$787 |
| South Hobart | Lifestyle, character and families | A$900k to A$1.6m / US$635k to US$1.13m | A$6,500 to A$9,500 / US$4,588 to US$6,705 | A$604 to A$883 / US$426 to US$623 |
| North Hobart | Dining, walkable and young professionals | A$800k to A$1.4m / US$565k to US$988k | A$6,200 to A$9,000 / US$4,376 to US$6,352 | A$576 to A$836 / US$407 to US$590 |
| New Town | Family, schools and commute | A$750k to A$1.25m / US$529k to US$882k | A$5,500 to A$7,500 / US$3,882 to US$5,294 | A$511 to A$697 / US$361 to US$492 |
| Mount Nelson | Views, quiet streets and university access | A$850k to A$1.5m / US$600k to US$1.06m | A$5,800 to A$8,500 / US$4,094 to US$6,000 | A$539 to A$790 / US$380 to US$558 |
| Bellerive | Waterfront, eastern shore and lifestyle | A$800k to A$1.5m / US$565k to US$1.06m | A$5,800 to A$9,000 / US$4,094 to US$6,352 | A$539 to A$836 / US$380 to US$590 |
| Taroona | Coastal, family and premium | A$950k to A$1.8m / US$671k to US$1.27m | A$6,500 to A$10,000 / US$4,588 to US$7,058 | A$604 to A$929 / US$426 to US$656 |
| Kingston | Family, beach and value | A$650k to A$950k / US$459k to US$671k | A$4,500 to A$6,500 / US$3,176 to US$4,588 | A$418 to A$604 / US$295 to US$426 |
| Moonah | Value, commute and rental demand | A$600k to A$900k / US$423k to US$635k | A$4,200 to A$6,000 / US$2,964 to US$4,235 | A$390 to A$557 / US$275 to US$393 |
| Glenorchy | Entry, yield and affordability | A$500k to A$750k / US$353k to US$529k | A$3,500 to A$5,200 / US$2,470 to US$3,670 | A$325 to A$483 / US$229 to US$341 |
| Claremont | Budget and outer commute | A$450k to A$650k / US$318k to US$459k | A$3,200 to A$4,800 / US$2,259 to US$3,388 | A$297 to A$446 / US$210 to US$315 |
How much more do you pay for properties in Hobart when you include renovation work, taxes, and fees?
In Hobart in 2026, a standard buyer should usually add about 6% to 12% to the purchase price for normal taxes, legal fees, inspections and transaction costs, and 15% to 35% if renovation is needed.
With a US$200,000 budget, or about A$283,000, there is almost no normal Hobart residential purchase market, and extra costs can still add around A$15,000 to A$35,000 if a small or compromised unit appears.
This means the final cost could be around A$300,000 to A$318,000, or about US$212,000 to US$224,000, before any major renovation.
With a US$500,000 budget, or about A$708,000, a buyer may target a townhouse, older house or good apartment, and normal extra costs could add around A$50,000 to A$85,000.
This means the final cost could be around A$758,000 to A$793,000, or about US$535,000 to US$560,000, before any larger renovation.
With a US$1,000,000 budget, or about A$1.42 million, a buyer can target upper-middle or some premium Hobart homes, and normal extra costs could add around A$110,000 to A$170,000.
This means the final cost could be around A$1.53 million to A$1.59 million, or about US$1.08 million to US$1.12 million, before any major renovation or foreign-buyer surcharge.
By the way, we keep updated a blog article detailing the property taxes and fees to factor in the total buying cost in Australia.
Meanwhile, here is a detailed table of the additional expenses you may have to pay when buying a new property in Hobart
| Extra expense | Type | Estimated cost range |
|---|---|---|
| Transfer duty or stamp duty | Tax | For most Hobart purchases above A$375,000, transfer duty is often about 4% to 5% of the price. For an A$800,000 home, this is roughly A$31,000, or about US$22,000. |
| Legal and conveyancing fees | Fee | Legal work usually costs about A$1,500 to A$3,500, or about US$1,100 to US$2,500. This covers contract checks, settlement work and standard buyer support. |
| Building and pest inspection | Due diligence | A building and pest inspection usually costs about A$500 to A$1,200, or about US$350 to US$850. Older Hobart homes can make this check especially important. |
| Bank, loan and valuation costs | Finance | Bank and valuation costs often range from A$500 to A$2,000, or about US$350 to US$1,400. The final amount depends on the lender and loan structure. |
| Buyer’s agent, if used | Service | A buyer’s agent can cost about 1.5% to 2.5% of the purchase price. On an A$800,000 home, this is around A$12,000 to A$20,000, or US$8,500 to US$14,000. |
| Light renovation | Renovation | A light refresh often costs about A$20,000 to A$60,000, or about US$14,000 to US$42,000. This may cover paint, small repairs and simple cosmetic upgrades. |
| Medium renovation | Renovation | A medium renovation often costs about A$80,000 to A$200,000, or about US$56,000 to US$141,000. This may include kitchens, bathrooms, flooring and insulation work. |
| Major renovation or extension | Renovation | A major renovation can cost about A$250,000 to A$600,000 or more, or about US$176,000 to US$423,000 or more. Older inner Hobart homes can reach this range quickly. |
| Foreign investor duty surcharge | Tax | If it applies, Tasmania’s foreign investor duty surcharge is 8% of the residential dutiable value. On an A$800,000 home, that is A$64,000, or about US$45,000. |
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 US$100,000, or about A$142,000, there is basically no normal residential purchase market in Hobart in 2026, so this budget is more realistic as a deposit contribution than as a full purchase budget.
With US$200,000, or about A$283,000, Hobart is still below the normal purchase market in 2026, although a very small older studio under 35 sqm in an outer suburb, a compromised unit needing work or an unusual distressed asset may rarely appear.
With US$300,000, or about A$425,000, a buyer can start looking at an existing 1-bedroom apartment of 45 to 55 sqm in Glenorchy or Moonah, a compact 2-bedroom unit of 55 to 70 sqm in Claremont or outer Glenorchy, or a small older apartment of 45 to 60 sqm on the New Town or Lenah Valley fringe.
With US$500,000, or about A$708,000, a buyer can look for an existing 2-bedroom apartment of 70 to 85 sqm on the Sandy Bay fringe or in New Town, an existing townhouse of 90 to 120 sqm in Kingston or Lenah Valley, or an older 3-bedroom house of 110 to 150 sqm in Glenorchy, Moonah or Claremont.
With US$1,000,000, or about A$1.42 million, a buyer can look for a renovated 3-bedroom character house of 140 to 180 sqm in South Hobart or North Hobart, a family house with views of 170 to 230 sqm in Mount Nelson, Bellerive or Taroona, or a larger Sandy Bay apartment or townhouse of 110 to 160 sqm.
With US$2,000,000, or about A$2.83 million, a buyer is firmly in the Hobart luxury market in 2026 and can look for a large renovated heritage home of 250 to 350 sqm in Battery Point, a waterfront or view house of 250 to 400 sqm in Sandy Bay or Taroona, or a premium family home with land and views in Mount Nelson, South Hobart or Bellerive.
If you need a more detailed analysis, we have a blog article detailing what you can buy at different budget levels in Australia.
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 used | Why this source matters | How we used it |
|---|---|---|
| Australian Bureau of Statistics, Total Value of Dwellings | The ABS is Australia’s official statistical agency, so it is the strongest public source for national and state dwelling-value data. | We used it to anchor the official Tasmanian dwelling-value context. We also used it to check that private index estimates were not far from official trends. |
| ABS March quarter 2026 dwelling value release | This release gives the latest official March 2026 dwelling-value snapshot available in the draft data. | We used the Tasmania mean dwelling price as a serious cross-check. We did not use it alone because the article focuses on Hobart, not all Tasmania. |
| PropTrack Home Price Index, May 2026 | PropTrack is a major Australian property data provider, and its index adjusts for differences between homes sold. | We used it as the main recent Hobart benchmark. We used its Hobart median dwelling value, annual growth and 5-year growth. |
| NAB and Cotality Hobart Property Market Insights, April 2026 | NAB is a major Australian bank, and the report uses Cotality, one of Australia’s main residential property datasets. | We used it to check Hobart house and unit medians. We also used it for market signals like sales activity, days on market and rental conditions. |
| Real Estate Institute of Tasmania Market Reports | REIT is Tasmania’s main real estate industry institute and gives useful local market context. | We used it as a local industry cross-check. We avoided using it alone for headline estimates because local samples can vary by period and geography. |
| State Revenue Office Tasmania transfer duty rates | This is the official Tasmanian Government source for property transfer duty. | We used it to estimate buyer transfer duty in Hobart. We applied the standard duty logic to the worked examples. |
| State Revenue Office Tasmania foreign investor duty surcharge | This is the official Tasmanian Government source for foreign-buyer surcharge rules. | We used it to flag the extra cost that can apply to foreign buyers. We kept standard buyer costs separate so the article stays easy to read. |
| Tasmanian Treasury Consumer Price Index, April 2026 | Tasmanian Treasury summarizes ABS CPI data for Hobart and Australia. | We used Hobart CPI to estimate inflation-adjusted price growth. We used the April 2026 annual CPI figure as the latest city-level inflation reference in the draft. |
| Reserve Bank of Australia exchange rates | The RBA is Australia’s central bank and publishes official exchange-rate data. | We used the 9 June 2026 AUD/USD rate for US dollar conversions. We rounded the figures so readers can understand them quickly. |
| Domain House Price Report, March 2026 | Domain is one of Australia’s major property portals and publishes a recognized quarterly price report. | We used it as a private-sector cross-check on capital-city price direction. We did not use it as the sole source for Hobart because quarterly medians can move with the sales mix. |
| realestate.com.au Hobart suburb profiles | realestate.com.au is Australia’s largest listings platform and gives useful suburb-level market signals. | We used it to sense-check suburb-level price positioning. We used it mainly for relative suburb tiers, not as the only basis for Hobart averages. |
| realestate.com.au listings market | Live listing platforms help show what buyers actually see in the market, even if asking prices are not final sale prices. | We used listing patterns to check entry-level and luxury examples. We treated asking prices carefully because final sale prices can differ. |
| Domain listings market | Domain is another major Australian listings platform, so it helps compare active advertised stock across suburbs. | We used it as a second listing-market sense check. We used it to avoid relying on only one property portal for buyer-facing examples. |
| City of Hobart local context | Local government context helps explain why inner Hobart supply is limited and why some areas are scarce. | We used the local context to explain why heritage areas, geography and limited inner land affect Hobart prices. We did not use it for price estimates. |
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