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 rent or invest in Hobart, you'll want to know exactly what current rental prices look like in Tasmania's capital.
This guide covers everything from studio rents to vacancy rates, neighborhood comparisons, and landlord costs in Hobart as of the first half of 2026.
We constantly update this blog post to reflect the latest data on the Hobart rental market.
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's vacancy rate sits at just 0.4% in early 2026, which means roughly only 1 in 250 rental homes is available at any given time, making it one of Australia's tightest rental markets.
- A typical studio apartment in Hobart rents for around AUD 1,600 per month in 2026, which is about 30% below the city-wide average because most rentals are larger units.
- Rental properties in inner Hobart suburbs like Sandy Bay typically lease within 14 to 18 days, so landlords rarely wait long to find tenants in this market.
- Hobart rents grew between 8% and 11% year-over-year heading into 2026, with houses rising faster than apartments due to stronger family demand.
- The rent per square meter in Hobart ranges from AUD 35 to AUD 46 per month depending on apartment size, with smaller studios costing more per square meter than larger units.
- Sandy Bay commands some of the highest rents in Hobart, with median unit rents around AUD 495 per week and houses reaching AUD 700 per week in 2026.
- Hobart landlords should budget around 5% to 10% of annual rent for maintenance on houses, while unit owners can often budget 3% to 7% because strata covers some costs.
- Peak rental demand in Hobart occurs from January to March during summer turnover, with a secondary spike in October and November as spring arrives.
What are typical rents in Hobart as of 2026?
What's the average monthly rent for a studio in Hobart as of 2026?
As of early 2026, the average monthly rent for a studio apartment in Hobart is approximately AUD 1,600 (around USD 1,010 or EUR 945).
Most studio rentals in Hobart fall within a range of AUD 1,300 to AUD 1,900 per month (USD 820 to USD 1,200, or EUR 770 to EUR 1,120), depending on location and condition.
The main factors that cause Hobart studio rents to vary include proximity to the CBD and waterfront, building age, whether the unit is furnished, and access to parking or heating.
What's the average monthly rent for a 1-bedroom in Hobart as of 2026?
As of early 2026, the average monthly rent for a one-bedroom apartment in Hobart is approximately AUD 1,820 (around USD 1,150 or EUR 1,075).
One-bedroom apartments in Hobart typically range from AUD 1,500 to AUD 2,100 per month (USD 945 to USD 1,325, or EUR 885 to EUR 1,240), covering most of the market.
Outer suburbs like Glenorchy tend to have the cheapest one-bedroom rents in Hobart, while inner-city areas and premium suburbs like Sandy Bay and Battery Point command the highest prices.
What's the average monthly rent for a 2-bedroom in Hobart as of 2026?
As of early 2026, the average monthly rent for a two-bedroom apartment in Hobart is approximately AUD 2,430 (around USD 1,530 or EUR 1,435).
Two-bedroom rentals in Hobart generally range from AUD 2,000 to AUD 2,900 per month (USD 1,260 to USD 1,830, or EUR 1,180 to EUR 1,710), depending on the suburb and property quality.
Neighborhoods like North Hobart and New Town offer more affordable two-bedroom options, while Sandy Bay and the inner waterfront areas have the most expensive two-bedroom apartments in Hobart.
By the way, you will find much more detailed rent ranges in our property pack covering the real estate market in Hobart.
What's the average rent per square meter in Hobart as of 2026?
As of early 2026, the average rent per square meter in Hobart ranges from AUD 35 to AUD 46 per month (USD 22 to USD 29, or EUR 21 to EUR 27), depending on apartment size.
Across different Hobart neighborhoods, rent per square meter can range from around AUD 30 in outer suburbs to AUD 50 or more in premium inner-city locations.
Compared to Sydney or Melbourne, Hobart's rent per square meter is noticeably lower, though the gap has narrowed as Hobart rents have grown faster than other Australian capitals in recent years.
Properties that push rent per square meter above average in Hobart typically include newer apartments, waterfront views, quality heating and cooling, secure parking, and proximity to the CBD.
How much have rents changed year-over-year in Hobart in 2026?
As of early 2026, rents in Hobart have increased by approximately 8% to 11% compared to the same time last year, depending on property type.
The main factors driving rent growth in Hobart include extremely low vacancy rates (around 0.4%), limited new rental supply, and continued population growth in Tasmania.
This year's rent growth in Hobart is similar to 2025 levels, though slightly moderating from the even sharper increases seen in 2023 and 2024 when the market was tightening rapidly.
What's the outlook for rent growth in Hobart in 2026?
As of early 2026, rent growth in Hobart is projected to be around 3% to 5% over the coming year, which is a slowdown from 2025 but still represents ongoing increases.
Key factors likely to influence Hobart rent growth include continued tight vacancy rates, limited construction of new rental properties, and steady population inflows to Tasmania.
Inner suburbs with strong amenities and low turnover, such as Sandy Bay and Battery Point, are expected to see the strongest rent growth in Hobart through 2026.
Risks that could cause Hobart rent growth to differ from projections include unexpected interest rate changes affecting landlord costs, a sudden increase in rental supply, or a slowdown in interstate migration to Tasmania.
We have made this infographic to give you a quick and clear snapshot of the property market in Australia. It highlights key facts like rental prices, yields, and property costs both in city centers and outside, so you can easily compare opportunities. We’ve done some research and also included useful insights about the country’s economy, like GDP, population, and interest rates, to help you understand the bigger picture.
Which neighborhoods rent best in Hobart as of 2026?
Which neighborhoods have the highest rents in Hobart as of 2026?
As of early 2026, the neighborhoods with the highest average rents in Hobart are Sandy Bay (median unit rent around AUD 2,145 per month or USD 1,350/EUR 1,265), Battery Point, and the inner waterfront areas near the CBD.
These premium Hobart neighborhoods command high rents because they offer waterfront access, heritage charm, walkability to cafes and restaurants, and proximity to the city center.
Tenants who typically rent in these high-rent Hobart neighborhoods include established professionals, executives, academics from the University of Tasmania, and well-off retirees seeking convenience and lifestyle.
By the way, we've written a blog article detailing what are the current best areas to invest in property in Hobart.
Where do young professionals prefer to rent in Hobart right now?
Young professionals in Hobart tend to prefer renting in North Hobart, the CBD fringe, and West Hobart because these areas offer the best mix of nightlife, cafes, and commute convenience.
In these Hobart neighborhoods, young professionals typically pay between AUD 1,700 and AUD 2,400 per month (USD 1,070 to USD 1,510, or EUR 1,000 to EUR 1,415) for a one or two-bedroom apartment.
The amenities that attract young professionals to these Hobart neighborhoods include walkable restaurant strips, proximity to workplaces, good public transport connections, and access to gyms and entertainment venues.
By the way, you will find a detailed tenant analysis in our property pack covering the real estate market in Hobart.
Where do families prefer to rent in Hobart right now?
Families in Hobart typically prefer renting in Sandy Bay, Lenah Valley, and Mount Nelson because these suburbs offer more space, quieter streets, and good access to schools.
For a two to three-bedroom home in these family-friendly Hobart suburbs, families typically pay between AUD 2,600 and AUD 3,500 per month (USD 1,640 to USD 2,205, or EUR 1,535 to EUR 2,065).
Features that make these Hobart neighborhoods attractive to families include larger backyards, proximity to parks, established communities, and lower traffic compared to inner-city areas.
Top-rated schools near these family-friendly Hobart suburbs include Taroona High School, Mount Carmel College, and several well-regarded public primary schools in Sandy Bay and Lenah Valley.
Which areas near transit or universities rent faster in Hobart in 2026?
As of early 2026, the areas that rent fastest in Hobart include Sandy Bay (near the University of Tasmania), the CBD, and suburbs along major bus routes like New Town and Moonah.
In these high-demand Hobart areas, rental properties typically stay listed for just 10 to 18 days before being leased, compared to 20 to 30 days in less connected suburbs.
Properties within walking distance of the University of Tasmania or major transit stops in Hobart command a rent premium of around AUD 50 to AUD 100 per week (USD 30 to USD 63, or EUR 30 to EUR 60) compared to similar properties further away.
Which neighborhoods are most popular with expats in Hobart right now?
The most popular neighborhoods with expats in Hobart are Sandy Bay, Battery Point, and the CBD because these areas offer furnished options, short-term flexibility, and easy access to essential services.
Expats in Hobart typically pay between AUD 2,000 and AUD 3,000 per month (USD 1,260 to USD 1,890, or EUR 1,180 to EUR 1,770) for furnished one or two-bedroom apartments in these central neighborhoods.
Features that make these Hobart neighborhoods attractive to expats include proximity to the waterfront, walkable amenities, international food options, and well-maintained rental stock with modern conveniences.
The expat communities most represented in these Hobart neighborhoods include professionals from the United Kingdom, New Zealand, the United States, and various Asian countries who relocate for work or study opportunities.
And if you are also an expat, you may want to read our exhaustive guide for expats in Hobart.
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Who rents, and what do tenants want in Hobart right now?
What tenant profiles dominate rentals in Hobart?
The top three tenant profiles that dominate the Hobart rental market are young professionals and couples, university students, and families with children.
Young professionals and couples make up roughly 35% to 40% of Hobart renters, students account for around 20% to 25%, and families represent approximately 25% to 30% of the rental market.
Young professionals typically seek one and two-bedroom apartments in inner suburbs, students look for studios, share houses, or small units near the university, and families search for three to four-bedroom houses in established suburbs with good schools.
If you want to optimize your cashflow, you can read our complete guide on how to buy and rent out in Hobart.
Do tenants prefer furnished or unfurnished in Hobart?
In Hobart, approximately 75% to 80% of tenants prefer unfurnished rentals for long-term leases, while around 20% to 25% seek furnished options.
Furnished apartments in Hobart typically command a rent premium of AUD 50 to AUD 150 per week (USD 30 to USD 95, or EUR 30 to EUR 90) compared to equivalent unfurnished properties.
Tenant profiles that tend to prefer furnished rentals in Hobart include university students, corporate relocations, expats settling in, and short-term professionals on work contracts.
Which amenities increase rent the most in Hobart?
The top five amenities that increase rent the most in Hobart are efficient heating and cooling systems, off-street parking, pet-friendly policies, modern kitchen appliances, and fast internet readiness.
Efficient heating can add AUD 20 to AUD 40 per week, secure parking adds AUD 30 to AUD 50, pet-friendly policies add AUD 20 to AUD 40, modern kitchens add AUD 15 to AUD 30, and internet readiness adds AUD 10 to AUD 20 to weekly Hobart rents (roughly USD 6 to USD 30, or EUR 6 to EUR 30 per amenity).
In our property pack covering the real estate market in Hobart, we cover what are the best investments a landlord can make.
What renovations get the best ROI for rentals in Hobart?
The top five renovations that get the best ROI for Hobart rental properties are fresh paint and lighting upgrades, durable flooring replacement, kitchen refreshes, heating efficiency improvements, and bathroom updates.
Fresh paint and lighting typically cost AUD 2,000 to AUD 5,000 and can increase weekly rent by AUD 15 to AUD 30, new flooring costs AUD 3,000 to AUD 8,000 for AUD 20 to AUD 40 extra rent, and kitchen refreshes cost AUD 5,000 to AUD 15,000 for AUD 25 to AUD 50 extra rent in Hobart.
Renovations to avoid in Hobart rentals include luxury bathroom overhauls, high-end kitchen rebuilds, and elaborate landscaping, as these rarely return their cost through higher rents in the mid-market segment.
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 strong is rental demand in Hobart as of 2026?
What's the vacancy rate for rentals in Hobart as of 2026?
As of early 2026, the vacancy rate for rental properties in Hobart is approximately 0.4% to 0.6%, making it one of the tightest rental markets in Australia.
Vacancy rates across different Hobart neighborhoods range from as low as 0.2% in high-demand inner suburbs like Sandy Bay to around 1% in some outer areas.
The current vacancy rate in Hobart is well below the historical average of around 2% to 3%, reflecting several years of strong demand and limited new rental supply.
Finally please note that you will have all the indicators you need in our property pack covering the real estate market in Hobart.
How many days do rentals stay listed in Hobart as of 2026?
As of early 2026, rental properties in Hobart stay listed for an average of 10 to 20 days before being leased, though well-priced homes often rent within the first week.
Days on market varies across Hobart, with premium inner suburbs like Sandy Bay averaging 14 to 18 days, while overpriced or poorly located properties can sit for 30 days or more.
The current days-on-market figure in Hobart is similar to or slightly faster than one year ago, reflecting continued tight conditions and strong tenant competition throughout 2025.
Which months have peak tenant demand in Hobart?
Peak tenant demand in Hobart occurs during late summer and early autumn, specifically January through March, with a secondary peak in spring around October and November.
The factors driving seasonal demand in Hobart include university semester starts, summer job relocations, lease renewal cycles, and the general preference for moving during warmer weather.
The months with lowest tenant demand in Hobart are typically June through August, when fewer people relocate and the colder weather discourages moves.
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What will my monthly costs be in Hobart as of 2026?
What property taxes should landlords expect in Hobart as of 2026?
As of early 2026, landlords in Hobart should expect to pay approximately AUD 1,500 to AUD 3,000 per year (USD 945 to USD 1,890, or EUR 885 to EUR 1,770) in combined council rates and land tax for a typical rental property.
Property taxes in Hobart can range from around AUD 800 per year for a low-value unit to AUD 5,000 or more for a high-value house in a premium suburb, depending on capital value and land value.
Hobart property taxes consist of two main components: council rates calculated at around 0.30% of the property's capital value, and land tax calculated on a sliding scale based on land value above AUD 125,000.
Please note that, in our property pack covering the real estate market in Hobart, we cover what exemptions or deductions may be available to reduce property taxes for landlords.
What maintenance budget per year is realistic in Hobart right now?
A realistic annual maintenance budget for a typical rental property in Hobart is approximately AUD 1,500 to AUD 3,000 (USD 945 to USD 1,890, or EUR 885 to EUR 1,770) for houses, and AUD 800 to AUD 1,800 for units.
Maintenance costs in Hobart can range from AUD 500 per year for a newer unit in good condition to AUD 5,000 or more for an older house requiring regular repairs.
Most landlords in Hobart set aside around 5% to 10% of annual rental income for maintenance on houses, and 3% to 7% for units where strata fees cover some building maintenance.
How much does landlord insurance cost in Hobart as of 2026?
Landlord insurance in Hobart typically costs between AUD 350 and AUD 900 per year (USD 220 to USD 570, or EUR 205 to EUR 530) for a standard residential rental property.
Insurance costs in Hobart can range from around AUD 300 for a low-risk unit to AUD 1,200 or more for a house with higher building value, flood exposure, or extensive landlord protections.
Key factors affecting landlord insurance premiums in Hobart include property type, building value, chosen excess, water and storm risk, and optional covers like loss of rent and legal liability.
What utilities do landlords often pay in Hobart right now?
The utilities that Hobart landlords most commonly pay on behalf of tenants are council rates, land tax (where applicable), and sometimes water supply fixed charges.
Council rates typically cost AUD 100 to AUD 200 per month, land tax adds AUD 0 to AUD 150 per month depending on land value, and water fixed charges can add AUD 20 to AUD 40 per month (USD 75 to USD 245 total, or EUR 70 to EUR 230).
The common practice in Hobart is for landlords to pay all fixed property charges while tenants pay usage-based utilities like electricity, gas, and water consumption.
How is rental income taxed in Hobart as of 2026?
As of early 2026, rental income in Hobart is taxed at your marginal income tax rate, which ranges from 0% to 45% depending on your total taxable income, just like anywhere else in Australia.
The main deductions Hobart landlords can claim against rental income include mortgage interest, property management fees, council rates, insurance, repairs, and depreciation on fixtures and fittings.
A common tax mistake specific to Hobart landlords is incorrectly claiming property improvements as immediate repairs, when they should be depreciated over time as capital works under Australian tax rules.
We cover these mistakes, among others, in our list of risks and pitfalls people face when buying property in Hobart.
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 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 |
|---|---|---|
| SQM Research Weekly Asking Rents | SQM is a long-running Australian property data provider with a published methodology and frequent weekly updates. | We used it as our primary anchor for Hobart rent levels because it updates weekly and captures the most recent market conditions. We used the house and unit asking rents and year-over-year changes to estimate typical current rents in Hobart. |
| SQM Research National Vacancy Rates (November 2025) | This is a primary, time-stamped publication from SQM that explains how vacancy is calculated. | We used it to establish Hobart's vacancy rate and confirm how tight the rental market is. We also used SQM's stated 2026 rent growth outlook as our baseline forecast. |
| SQM Research National Vacancy Rates (October 2025) | This is another primary SQM release, useful to confirm the trend is not a one-off month. | We used it to confirm Hobart's vacancy rate remained at extremely low levels in October. We treated this as supporting evidence that demand stayed strong into summer. |
| Domain Rent Report (September 2025) | Domain is a major Australian property platform that publishes a consistent, widely cited rent report series. | We used it to cross-check Hobart's unit rent level and annual change against SQM's weekly series. We also used its reported vacancy statistic as another tight market confirmation. |
| realestate.com.au Hobart Suburb Profile | REA Group is a major national marketplace and its suburb profiles are built from large listing datasets. | We used it to sanity-check unit and house rent levels in inner Hobart against SQM and Domain. We also used it as a practical reference for what renters actually see on listings. |
| realestate.com.au Sandy Bay Suburb Profile | This is the same REA Group dataset at suburb level, which is helpful for neighborhood comparisons. | We used it as a concrete example of a premium inner suburb with bedroom-level unit rents. We also used its median time on market as a proxy for how fast rentals move in tight Hobart pockets. |
| REA Group Listings Report (October 2025) | This is a primary REA Group economics note with a clear methodology section. | We used it to cross-check that overall property supply in Hobart was materially lower year-on-year. We treated lower stock as a driver supporting ongoing rental tightness into 2026. |
| ABS 2021 Census QuickStats (Greater Hobart) | ABS is Australia's official statistics agency, and Census measures housing and rent at scale. | We used it to understand the big picture of what rent looked like before the recent surge and to describe the local renter base. We treated Census rent as a long-run anchor, not a live market rent. |
| Tasmania Treasury Population Report (June 2025) | This is an official state treasury publication summarizing ABS population data for Tasmania. | We used it to contextualize demand pressures, since population change is a big driver of rental demand. We used it as background for why rents can stay firm even when growth moderates. |
| ABS National, State and Territory Population | This is the ABS primary release page for population estimates and timing. | We used it to confirm the reference period and release timing for official population figures. We used it to support our demand drivers section without relying on commentary sites. |
| City of Hobart Rates and Charges | This is the local government source for how council rates are calculated. | We used it to estimate a realistic annual council rate bill from a property's capital value. We used it in the monthly costs section for landlord budgeting. |
| State Revenue Office Tasmania Land Tax Rates | This is the official state regulator source for Tasmanian land tax thresholds and rates. | We used it to build a typical investor land tax estimate using example land values. We used it to explain why many units can face low land tax while houses can be higher. |
| State Revenue Office Tasmania Land Tax Guideline | This is an official explanatory guide from the same regulator that sets the tax. | We used it to explain how land tax is calculated, including land value, aggregation across holdings, and classifications. We used it to keep the tax section simple and accurate for non-professionals. |
| ATO Rental Properties Guide 2025 | The ATO is the official source for how rental income and deductions work in Australia. | We used it to explain how rental income is taxed and what costs are typically deductible versus capital in nature. We used it to frame the landlord cost section in plain-English, compliant terms. |
| Property Council of Australia Apartment Design Guidelines | The Property Council is a major industry body summarizing government planning standards for minimum apartment sizes. | We used the minimum size benchmarks (studio and two-bedroom) to estimate rent per square meter in a transparent way. We used it only as a sizing assumption, not as a rent source. |
| The Guardian (reporting PropTrack) | This is a major newspaper clearly attributing key metrics to PropTrack, a large established housing data provider. | We used it to cross-check that days listed can be very short in tight markets, consistent with what we see in Hobart. We used it as supporting context, not our main Hobart estimate. |
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