Get all the data you need about the real estate market in Hobart
This blog post is updated regularly to reflect the latest apartment prices in Hobart, so the data you see here is current.
Whether you are looking at a studio in Glenorchy or a two-bedroom in the CBD, this guide walks you through what apartments actually cost across Greater Hobart in 2026.
Prices vary a lot depending on the suburb, so we have ranked every major neighborhood from most expensive to most affordable to make it easy to compare.
And if you're planning to buy a property in Hobart, you may want to download our real estate pack about Hobart.
A quick summary table
| Metric | Value |
|---|---|
| Most expensive Hobart neighborhood for apartments | Hobart CBD |
| Most affordable Hobart neighborhood for apartments | Glenorchy |
| Average price per square meter across all Hobart neighborhoods | AUD 8,100 |
| Median apartment price across Greater Hobart | AUD 630,000 |
| Lowest realistic starting budget for a Hobart apartment | AUD 280,000 |
| Most expensive apartment type in Hobart (by bedroom count) | Two-bedroom apartments (up to AUD 930,000 in the CBD) |
| Most affordable apartment type in Hobart (by bedroom count) | Studio apartments (from AUD 225,000 in Glenorchy) |
| Average price for a studio apartment in Hobart | AUD 296,000 |
| Average price for a one-bedroom apartment in Hobart | AUD 422,000 |
| Average price for a two-bedroom apartment in Hobart | AUD 631,000 |
| Price gap between the most and least expensive Hobart neighborhood | AUD 5,270 per sqm (CBD vs Glenorchy) |
| Price range across all ranked Hobart apartment neighborhoods | AUD 5,980 to AUD 11,250 per sqm |
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Hobart neighborhoods in 2026 ranked by apartment purchase price
This table ranks the top neighborhoods in the Hobart apartment market by purchase price, from the most expensive to the most affordable.
For each neighborhood, the table includes the average price per square meter, the median property price, the starting budget, the average price for a studio apartment, a one-bedroom apartment, and a two-bedroom apartment, the typical buyer profile, the key advantages, the key drawbacks, and the market segment.
Finally, please note you'll find much more detailed data in our real estate pack about Hobart.
| Rank | Neighborhood | Average Price per Square Meter | Median Property Price | Starting Budget | Average Price for a Studio Apartment | Average Price for a One-Bedroom Apartment | Average Price for a Two-Bedroom Apartment | Typical Buyers | Key Pros | Key Cons | Market Segment |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Hobart CBD | AUD 11,250 | AUD 920,000 | AUD 430,000 | AUD 430,000 | AUD 478,500 | AUD 932,500 | CBD lifestyle buyers | Best walkability in Hobart, the highest concentration of apartments, and easy access to jobs, dining, and the waterfront | Small stock pool, highest price per sqm in the city, limited parking, and resale value depends heavily on building quality | Luxury |
| 2 | North Hobart | AUD 10,500 | AUD 747,500 | AUD 370,000 | AUD 400,000 | AUD 412,500 | AUD 833,500 | Cafe-strip professionals | Elizabeth Street lifestyle on the doorstep, close to the CBD, and strong rental appeal from limited apartment supply | Very few apartments change hands each year, so prices can be unpredictable and choice is limited at any given time | Luxury |
| 3 | Battery Point | AUD 10,350 | AUD 742,500 | AUD 465,000 | AUD 395,000 | AUD 520,000 | AUD 750,000 | Heritage downsizers | Prestige waterfront feel, charming historic streets, and very scarce apartments that keep the suburb exclusive long-term | Very limited listings, older buildings, potentially high body-corporate costs, and lower liquidity than CBD stock | Luxury |
| 4 | Sandy Bay | AUD 8,425 | AUD 650,000 | AUD 390,000 | AUD 320,000 | AUD 432,500 | AUD 650,000 | Professionals and families | Strong prestige reputation, proximity to the University of Tasmania, and broader apartment supply than most premium Hobart suburbs | Values vary a lot depending on building quality and hillside position, and some older walk-up stock is due for an upgrade | Premium |
| 5 | West Hobart | AUD 8,085 | AUD 597,500 | AUD 365,000 | AUD 305,000 | AUD 406,000 | AUD 597,500 | Inner-ring upgraders | Close to the CBD with a quieter residential feel, elevated views, and better value than North Hobart at a similar distance from the city | Hilly streets and tighter parking reduce everyday convenience, especially around older apartment pockets | Premium |
| 6 | South Hobart | AUD 7,650 | AUD 600,000 | AUD 390,000 | AUD 290,000 | AUD 435,000 | AUD 566,250 | Lifestyle-driven local buyers | Village feel near bushland and the city edge, with genuine lifestyle appeal for owner-occupiers who want a quieter pace | Apartment stock is thin, so buyers have fewer options and pricing is harder to read than in higher-volume suburbs | Premium |
| 7 | Howrah | AUD 7,635 | AUD 671,000 | AUD 500,000 | AUD 290,000 | AUD 510,000 | AUD 600,000 | Eastern-shore downsizers | Better waterfront lifestyle than its price suggests, with newer apartment stock than most inner-Hobart suburbs | Higher car dependence than inner suburbs, and the best-positioned stock can sit well above the suburb median | Premium |
| 8 | Bellerive | AUD 7,615 | AUD 650,000 | AUD 365,000 | AUD 290,000 | AUD 405,000 | AUD 590,500 | Waterfront professionals | Marina and village atmosphere, strong owner-occupier appeal, and a good balance between building quality and everyday liveability | Limited apartment depth means low turnover, so buyers may need to be patient waiting for the right property to come up | Premium |
| 9 | Kingston | AUD 7,050 | AUD 631,500 | AUD 385,000 | AUD 270,000 | AUD 431,000 | AUD 600,000 | Family-area downsizers | Newer apartment product, a strong local services base, and easier access to modern buying options than inner Hobart | Less urban character than inner suburbs, and not every apartment pocket in Kingston feels equally walkable | Mid-Market |
| 10 | New Town | AUD 6,195 | AUD 455,500 | AUD 335,000 | AUD 235,000 | AUD 376,000 | AUD 430,000 | Value-seeking professionals | Inner-north location close to central Hobart, useful retail access, and solid rental demand from a stable local tenant base | Apartment stock is mixed in age and condition, and some buildings feel dated compared to Kingston or Howrah | Mid-Market |
| 11 | Moonah | AUD 6,160 | AUD 457,000 | AUD 280,000 | AUD 235,000 | AUD 315,000 | AUD 458,500 | First-home buyers | One of Hobart's clearest affordability plays, with decent rental yields and an amenity base that is steadily improving | Streetscape quality is patchy in parts, and resale values are still well below the inner-city prestige suburbs | Affordable |
| 12 | Glenorchy | AUD 5,980 | AUD 500,000 | AUD 295,000 | AUD 225,000 | AUD 332,000 | AUD 470,000 | Entry-level buyers | Best apartment affordability on this list, with strong rental yields and a deeper pool of lower-cost stock than any other Hobart suburb | Further from central Hobart, weaker prestige appeal, and resale conditions are more price-sensitive than in inner suburbs | Budget |
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Key insights about apartment purchase prices in Hobart
Insights
- The Hobart CBD apartment market sits at roughly AUD 11,250 per sqm in 2026, making it about 88% more expensive per sqm than Glenorchy at AUD 5,980. That is a massive gap for a single metro area.
- A two-bedroom apartment in the Hobart CBD costs around AUD 930,000 in 2026, which is almost double the AUD 470,000 price for the same size in Glenorchy. Location premium is doing a lot of heavy lifting here.
- Battery Point is not the priciest suburb by median price, but its price per sqm sits third in the Hobart apartment market. Scarcity is driving that premium more than raw transaction volume.
- North Hobart apartments sit close to the CBD in price per sqm despite being further from the waterfront. The Elizabeth Street lifestyle pulls demand and keeps supply very tight.
- Sandy Bay is the most liquid premium apartment market in Hobart in 2026. It has more stock than Battery Point or North Hobart, which makes it the most practical starting point for buyers targeting the premium end.
- West Hobart gives buyers inner-ring access at a lower price per sqm than North Hobart, despite being at a similar distance from the Hobart CBD. It is a genuine value gap within the premium tier.
- Howrah and Bellerive price per sqm figures are almost identical in 2026, yet Howrah's median property price is higher. That means Howrah buyers are getting larger apartments on average, not necessarily a better-located product.
- New Town is notably cheaper than West Hobart despite being just as close to central Hobart in distance terms. That pricing gap is not fully explained by liveability factors and may represent a relative opportunity for buyers.
- Moonah and Glenorchy are the two suburbs in Greater Hobart where a first-home buyer can realistically enter the apartment market below AUD 300,000 as of 2026.
- The Hobart apartment market reaccelerated in early 2026, with PropTrack data showing improving price momentum after a softer 2024. Buyers should expect less room to negotiate than they had 12 to 18 months ago.
- Glenorchy's rental yields look stronger than most Hobart suburbs not because rents are especially high, but because purchase prices remain lower. Yield is a function of price, not just demand.
- Domain's 2026 first-home-buyer data points to a rising budget floor across Greater Hobart, especially in better-connected suburbs. Entry-level affordability is tightening even at the cheaper end of the market.
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About our methodology
We are writing this article with April 2026 as the reference date, using the most recent suburb-level apartment sales data publicly available at that time. In most cases, the sales windows covered March 2025 to February 2026 from suburb profile pages.
We also believe it is important to show our reasoning. It is one of the ways we make our work solid, transparent, and rigorous, just as you will see in our real estate pack about Hobart.
First, please note that this data is updated regularly, so what you see here reflects the current values as of today.
In order to get reliable data, we applied a strict source filter. We only used authoritative, verifiable sources, not random listings or unsupported figures. More on that point below.
For each Hobart neighborhood, we aggregated the freshest apartment purchase price data available. When possible, we cross-checked multiple sources to confirm the same price range.
This allowed us to estimate the average price per square meter and the median property price for each suburb. Because suburb-level apartment averages and apartment price per sqm figures are not published consistently for Hobart, we used the most recent bedroom-level median sale prices as the best available proxy for average price.
We also calculated the starting budget, which represents the lowest realistic entry point to buy an apartment in that Hobart neighborhood. This is not the cheapest possible listing, but a real, achievable floor for a standard apartment purchase.
For each apartment category, we derived average purchase prices from those bedroom-level medians using consistent local apartment size assumptions: studio at 38 sqm, one-bedroom at 50 sqm, two-bedroom at 75 sqm, and three-bedroom at 105 sqm. The price per sqm column is therefore a modeled estimate, not a directly published figure.
These estimates were not applied as one flat number across the city. They were adjusted by neighborhood and apartment type to better reflect local ownership conditions and price levels across Greater Hobart.
This table should therefore be read as a structured market estimate, not as an exact guarantee of transaction prices. Honesty, quality, and rigor are at the core of our work, and they are also what you will find in our real estate pack about Hobart.
What sources have we used to write this article about Hobart apartment prices?
Whether it's in our blog articles or the market analyses included in our real estate pack about Hobart, we rely on verifiable sources and a transparent methodology.
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 Is Authoritative | How We Used It |
|---|---|---|
| realestate.com.au (Hobart suburb profiles) | One of Australia's largest property data platforms, publishing suburb-level sales medians and bedroom splits directly from transaction data. | We used it as our primary source for apartment medians, bedroom-level unit prices, and sales activity across all 12 Hobart suburbs in this ranking. We also used those bedroom splits to model the apartment price per sqm for each neighborhood. |
| PropTrack Home Price Index, February 2026 | PropTrack is a major Australian housing analytics provider that publishes monthly city-level price index data with transparent methodology. | We used it to confirm Hobart's market momentum in early 2026 and to place the suburb-level data in the right citywide context. We also used it to support the observation that the Hobart apartment market reaccelerated after a softer 2024. |
| NAB Hobart Property Market Insights, February 2026 | NAB is one of Australia's major banks and its housing reports draw on established national property datasets with clear sourcing. | We used it to cross-check Hobart's citywide unit value and supply and demand conditions. We also used its commentary on entry-level pricing pressure to frame the affordability observations in this article. |
| Domain First Home Buyer Report 2026 | Domain is a major Australian property research publisher that releases nationally consistent first-home-buyer affordability data every year. | We used it to benchmark entry-level affordability in the Hobart apartment market. We also used it to sense-check the starting budget ranges in the more affordable Hobart suburbs. |
| REIT Tasmania Suburb Reports | REIT Tasmania is the state's peak real estate industry body and publishes suburb-level market facts based on local sales activity. | We used it as a secondary validation source to cross-check suburb ordering and price bands across Greater Hobart. We also used it to confirm that the direction of each suburb's market was consistent with what realestate.com.au was showing. |
| ABS Building Approvals, Australia | The Australian Bureau of Statistics is the national statistics office and the most authoritative source for housing supply data in Australia. | We used it to check the supply backdrop for apartments and attached dwellings in Tasmania and Greater Hobart. We also used it to explain why tight apartment supply continues to matter for Hobart buyers in 2026. |
| ABS Census QuickStats, Hobart | The ABS Census is Australia's most comprehensive official source for demographic and housing data at the suburb level. | We used it to ground buyer-type descriptions and neighborhood context with official demographic and housing information. We used it only as supporting context, not as a source of pricing data. |
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