Get all the data you need about the real estate market in Hobart
This article covers house purchase prices in Hobart as of 2026, broken down by neighborhood so you can quickly understand what your budget gets you.
We update this blog post regularly, so the data you see here reflects current Hobart house prices, not figures from a year ago.
Whether you are buying your first home or upgrading, this guide gives you a clear, honest picture of the Hobart property market in 2026.
And if you are 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 houses | Battery Point (median AUD 1,400,000) |
| Most affordable Hobart neighborhood for houses | Bridgewater (median AUD 500,000) |
| Average price per square meter across Hobart | AUD 6,050 |
| Median house price across Hobart in 2026 | AUD 860,000 |
| Lowest realistic starting budget in Hobart | AUD 400,000 (Bridgewater) |
| Most expensive Hobart house type | Four-bedroom house |
| Most affordable Hobart house type | Two-bedroom house |
| Average price for a two-bedroom Hobart house | AUD 740,000 |
| Average price for a three-bedroom Hobart house | AUD 900,000 |
| Average price for a four-bedroom Hobart house | AUD 1,190,000 |
| Price gap between the most and least expensive Hobart neighborhood | AUD 900,000 (Battery Point vs Bridgewater) |
| Price spread across Hobart neighborhoods | Very wide: prices range from AUD 500k to AUD 1.45M |
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Hobart neighborhoods in 2026 ranked by house purchase price
This table ranks the main Hobart neighborhoods by house purchase price, from the most expensive to the most affordable.
For each neighborhood, you will find the average price per square meter, the median property price, the starting budget, the average price for a two-bedroom, three-bedroom, and four-bedroom house, the typical buyer profile, the key advantages, the key drawbacks, and the market segment.
Finally, please note you will 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 Two-Bedroom House | Average Price for a Three-Bedroom House | Average Price for a Four-Bedroom House | Typical Buyers | Key Pros | Key Cons | Market Segment |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Battery Point | AUD 9,200 | AUD 1,400,000 | AUD 1,100,000 | AUD 1,050,000 | AUD 1,400,000 | AUD 1,850,000 | Heritage lifestyle buyers who value history and walkability above all else | Historic charm, easy walking distance to the CBD, strong appeal for tourists and owner-occupiers alike, and very tightly held housing stock | Heritage restrictions limit what you can do with the property, lots are small, parking is limited, and genuine houses rarely come up for sale | Luxury |
| 2 | Sandy Bay | AUD 8,800 | AUD 1,450,000 | AUD 1,050,000 | AUD 1,100,000 | AUD 1,450,000 | AUD 1,900,000 | Wealthy owner-occupiers looking for prestige, good schools, and waterfront proximity | Close to the waterfront, top schools nearby, strong prestige demand, and limited house supply keeps values stable | Very high prices, few listings on the market at any given time, and much of the housing stock is older and may need upgrading | Luxury |
| 3 | West Hobart | AUD 7,200 | AUD 1,050,000 | AUD 800,000 | AUD 850,000 | AUD 1,050,000 | AUD 1,400,000 | Inner-city professionals who want character homes close to the CBD | Close to the city, leafy streets, charming older homes with good capital growth history | Steep terrain makes parking and access difficult, and renovation costs on older homes can be significant | Premium |
| 4 | South Hobart | AUD 6,800 | AUD 980,000 | AUD 750,000 | AUD 800,000 | AUD 980,000 | AUD 1,300,000 | Lifestyle-focused families who want nature access and a village feel | Close to kunanyi / Mount Wellington, a genuine community feel, and strong family appeal | Some areas carry bushfire risk, modern homes are rare, and flat land is limited | Premium |
| 5 | Dynnyrne | AUD 6,500 | AUD 950,000 | AUD 720,000 | AUD 780,000 | AUD 950,000 | AUD 1,250,000 | Academic professionals and buyers wanting a quiet, leafy suburb close to the university | Peaceful environment, close to the University of Tasmania, and steady rental fallback demand from the academic community | Limited retail and dining options nearby, older homes dominate the housing stock, and supply is moderately constrained | Premium |
| 6 | Mount Stuart | AUD 6,300 | AUD 900,000 | AUD 700,000 | AUD 750,000 | AUD 900,000 | AUD 1,200,000 | Families upgrading from mid-market Hobart suburbs who want views and CBD proximity | Elevated views over Hobart, close to the city, and quieter than West Hobart with slightly better value | Hilly terrain limits some blocks, public transport options are limited, and parking can be tricky | Premium |
| 7 | Lenah Valley | AUD 5,800 | AUD 820,000 | AUD 650,000 | AUD 700,000 | AUD 820,000 | AUD 1,100,000 | Owner-occupier families who want more space without giving up lifestyle | Family-friendly atmosphere, good schools nearby, larger block sizes, and a solid balance of affordability and livability | Further from the CBD than premium Hobart suburbs, limited nightlife, and capital growth has historically been slower than inner suburbs | Mid-Market |
| 8 | New Town | AUD 5,600 | AUD 780,000 | AUD 620,000 | AUD 680,000 | AUD 780,000 | AUD 1,050,000 | First-time family buyers who need good amenities and school access | Good range of amenities, solid school options, and steady buyer demand supported by a mix of original and renovated houses | Busy main roads create noise in some pockets, housing quality varies significantly from street to street, and the suburb lacks prestige appeal | Mid-Market |
| 9 | Moonah | AUD 5,200 | AUD 720,000 | AUD 580,000 | AUD 650,000 | AUD 720,000 | AUD 980,000 | Value-focused buyers who want to get ahead of the gentrification curve in Hobart | Strong value growth in recent years, improving local amenities, diverse housing stock, and rising popularity among younger buyers | Lower perceived prestige than other Hobart suburbs, street quality varies, and gentrification is still in progress | Mid-Market |
| 10 | Glenorchy | AUD 4,800 | AUD 650,000 | AUD 520,000 | AUD 580,000 | AUD 650,000 | AUD 900,000 | Budget-conscious families who need an affordable entry point into the Hobart market | Affordable houses with larger block sizes, improving infrastructure, and strong rental demand makes Glenorchy a practical choice | Further from the Hobart CBD, lower prestige perception, and historically slower price growth than inner suburbs | Affordable |
| 11 | Claremont | AUD 4,200 | AUD 580,000 | AUD 460,000 | AUD 520,000 | AUD 580,000 | AUD 800,000 | First-home buyers who prioritize space and a quiet suburban feel over centrality | Very affordable Hobart houses, larger land sizes than inner suburbs, and a calm residential environment ideal for first-time buyers | Long commute into the Hobart CBD, limited local amenities, and capital growth potential is lower than more central areas | Affordable |
| 12 | Bridgewater | AUD 3,800 | AUD 500,000 | AUD 400,000 | AUD 450,000 | AUD 500,000 | AUD 700,000 | Budget buyers who need the lowest possible entry point into Hobart house ownership | The most affordable houses in greater Hobart, strong rental yields, and ownership is genuinely accessible at this price level | Higher socio-economic challenges compared to other Hobart suburbs, weaker buyer demand, and limited long-term price appreciation history | Budget |
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Key insights about house purchase prices in Hobart
Insights
- Battery Point has the highest price per square meter in Hobart at AUD 9,200, yet its median house price is slightly below Sandy Bay because its lots and houses are physically smaller, so buyers pay a premium per square meter for location alone.
- The price gap between Hobart's most and least expensive suburb is AUD 900,000, which is unusually wide for a city of Hobart's size and reflects how tightly supply is constrained in the inner suburbs.
- West Hobart offers the best proximity-to-price ratio in the Hobart premium segment: you get CBD access and character homes at a median of AUD 1,050,000, roughly 28% below Sandy Bay.
- Moonah stands out as the suburb with the strongest gentrification momentum in the Hobart housing market in 2026, making it the most interesting mid-market option for buyers thinking about medium-term growth.
- A four-bedroom house in Sandy Bay costs over AUD 1,900,000, while the same bedroom count in Bridgewater sits at AUD 700,000. That is nearly a three-to-one ratio for the same house format within the same city.
- Hobart's affordable suburbs (Glenorchy, Claremont, Bridgewater) all sit below AUD 650,000 for a median house price, creating a clear and distinct affordability threshold for first-home buyers.
- Lenah Valley gives families the strongest combination of space and value in the mid-market segment: block sizes are larger than New Town and Moonah, while prices remain below AUD 820,000 at the median.
- Dynnyrne benefits from steady rental fallback demand driven by the University of Tasmania, which provides a natural floor for house values even during softer market conditions.
- Price per square meter drops by nearly 60% from Battery Point (AUD 9,200) to Bridgewater (AUD 3,800), which is one of the steepest location-driven price gradients among Australian capital city markets of this scale.
- South Hobart attracts a specific type of buyer who actively trades CBD convenience for mountain and nature access, and this lifestyle premium is clearly reflected in its median house price of AUD 980,000 despite limited flat land and some bushfire risk.
- Hobart inner suburbs have very low housing supply, which structurally supports long-term price stability even when broader market sentiment softens.
- The Hobart housing market in 2026 has a clear and growing gap between inner and outer suburbs, and this gap is widening rather than narrowing as demand for inner-ring homes continues to outpace supply.
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About our methodology
Hobart's housing market is relatively small and tightly held, which means reliable price data requires careful triangulation across multiple sources. A single listing platform or a single quarterly report is not enough to get an accurate picture.
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 on Hobart house prices, we applied a strict source filter. We only used authoritative, verifiable sources covering the Tasmanian property market, not random listings or unsupported figures. More on that point below.
For each Hobart neighborhood, we aggregated the freshest house 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 neighborhood.
We also calculated the starting budget, which represents the lowest realistic entry point to buy a house in that Hobart neighborhood. This is not the cheapest possible listing, but a real, achievable floor for a standard house purchase.
For each house category, we estimated an average purchase price based on local Hobart market conventions. The typical size and layout of a two-bedroom, three-bedroom, and four-bedroom house can vary across neighborhoods, so we adapted our estimates accordingly.
These estimates were not applied as one flat number across the city. They were adjusted by Hobart neighborhood and house type to better reflect local ownership conditions and price levels.
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 house prices?
Whether it is 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 aim to be fully transparent, so below we have listed the authoritative sources we used and explained how we used them.
| Source | Why it is authoritative | How we used it |
|---|---|---|
| CoreLogic Australia | Australia's leading property data provider with nationwide transaction-level datasets covering every suburb. | We used suburb-level house price medians and recent trends for Hobart. We cross-checked pricing tiers across all Hobart neighborhoods to confirm accuracy. |
| Domain Property Report | One of Australia's major property portals, publishing quarterly market reports backed by real transaction data. | We used Hobart house median figures and buyer trend data from Domain's quarterly reports. We validated the relative ranking and segmentation of Hobart suburbs against this source. |
| Real Estate Institute of Tasmania (REIT) | The official peak body for real estate in Tasmania, publishing Hobart-specific house price data each quarter. | We used REIT's Hobart house price medians as one of our primary pricing anchors. We cross-checked suburb-level pricing consistency against other sources using REIT data. |
| Realestate.com.au Market Insights | Australia's largest property listing platform, with price guide and demand data drawn from millions of active buyers. | We used suburb-level price guides and buyer demand signals for Hobart houses. We triangulated entry-level budgets and house type pricing using this platform's insights tools. |
| SQM Research | A well-regarded independent property analytics firm with detailed vacancy rate and supply data across Australian markets. | We used SQM's vacancy rate and supply indicators to understand demand pressure across Hobart suburbs. We used this to validate which Hobart neighborhoods face genuine supply constraints. |
| Tasmania Government Housing Data | Official state-level economic and housing data published by the Tasmanian Treasury, providing a policy-level view of the market. | We used housing supply and affordability data from the Tasmanian government to provide context for Hobart's overall market conditions. We aligned our pricing tiers with this official data to ensure our estimates remain grounded. |
| Herron Todd White | One of Australia's most respected independent property valuation and advisory firms, covering Hobart in their monthly reports. | We used Herron Todd White's valuation-based suburb comparisons to refine our price per square meter estimates. We cross-checked our premium and luxury suburb figures against their Hobart valuation guidance. |
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