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Yes, the analysis of Tasmania's property market is included in our pack
Tasmania's property market in September 2025 offers diverse opportunities from urban Hobart to coastal towns, with house medians around $714,691 and strong rental yields in emerging suburbs.
The market shows clear price differentiation between premium Sandy Bay properties exceeding $1.4 million and value opportunities in Glenorchy and Queenstown, where investors can achieve yields above 5% and up to 9.3% respectively.
If you want to go deeper, you can check our pack of documents related to the real estate market in Tasmania, based on reliable facts and data, not opinions or rumors.
Tasmania's property market offers median house prices of $714,691 in Hobart with strong rental yields in suburbs like Glenorchy (5.27%) and exceptional returns in Queenstown (9.3%).
The market spans from premium Sandy Bay properties over $1.4M to affordable options under $200K in mining towns, with ongoing costs including council rates ($1,800-$2,500 annually) and transaction costs adding 10-15% to purchase prices.
| Property Category | Price Range | Best Locations | Rental Yield | Target Buyer |
|---|---|---|---|---|
| Premium Houses | $1M - $1.4M+ | Sandy Bay, Battery Point | 3.5% - 4.5% | Owner-occupiers, lifestyle investors |
| Standard Houses | $650K - $900K | Hobart, Moonah, Brighton | 4.1% - 5.1% | Families, steady investors |
| Value Houses | $400K - $650K | Glenorchy, Claremont | 5.3% - 5.5% | First-time buyers, yield seekers |
| Units/Apartments | $400K - $600K | Hobart, Glenorchy | 4.7% - 5.5% | Investors, downsizers |
| High-Yield Properties | $190K - $400K | Queenstown, Regional towns | 8% - 9.3% | Experienced investors |
| Development Land | $150K - $500K+ | Growth corridors, Coastal areas | N/A | Developers, land bankers |
What types of properties are available in Tasmania right now?
Tasmania's property market offers five main property types as of September 2025.
Houses dominate the market with median prices of $714,691 in Hobart and $507,000-$517,000 in regional areas. Most houses feature 3 bedrooms, 1-2 bathrooms, and land sizes between 500-1,000 square meters.
Units and apartments represent the second-largest segment, with Hobart unit medians at $552,352 and regional units around $445,000 in suburbs like Glenorchy. These properties typically offer 1-2 bedrooms with shared parking arrangements.
Townhouses provide a middle ground between houses and units, often featuring 2-3 bedrooms with small private courtyards and single garages.
Vacant land opportunities exist across Tasmania, particularly in growth corridors and coastal areas, with prices varying from $150,000 for regional blocks to $500,000+ for premium locations.
Mixed-use properties combining commercial and residential elements are available in Hobart's CBD and Launceston, though these represent a smaller market segment requiring specialized financing.
Which Tasmania locations offer the best value and growth potential?
As of September 2025, Tasmania's property hotspots show clear differentiation between premium, growth, and value markets.
Hobart remains the premium market with Sandy Bay leading at median prices exceeding $1.4 million, followed by Battery Point and South Hobart for established luxury properties.
Growth suburbs include Moonah ($613,500 median), Brighton ($565,000), and Glenorchy ($612,500), all showing steady price appreciation and strong rental demand from young families and professionals.
Launceston offers the best urban alternative to Hobart, with lower entry prices but good infrastructure and university-driven rental demand.
Coastal towns like Devonport, Burnie, and Port Sorell attract lifestyle buyers and investors, with Port Sorell properties reaching $1 million median for waterfront locations.
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What property sizes and specifications should you expect?
Standard Tasmanian properties follow predictable size patterns across different property types.
Family houses typically measure 90-180 square meters internally with 3 bedrooms, 1-2 bathrooms, and land parcels of 500-1,000 square meters including gardens and parking for 1-2 cars.
Units and apartments range from 45-90 square meters for 1-2 bedroom configurations, often with shared parking arrangements and small balconies or courtyards.
Townhouses generally offer 80-130 square meters across 2-3 levels, featuring 2-3 bedrooms, 1-2 bathrooms, and single garages with small private outdoor spaces.
Property conditions vary significantly - new builds meet current energy standards, established homes from the 1980s-2000s often need minor updates, while heritage properties may require substantial renovation work.
Most properties include basic fixtures and fittings, though premium properties feature quality appliances, timber floors, and landscaped gardens that justify higher asking prices.
What's the total budget needed including all costs?
Your all-in budget for Tasmania property purchase should account for multiple cost layers beyond the purchase price.
| Cost Component | Typical Range | Example ($650,000 property) |
|---|---|---|
| Purchase Price | Market value | $650,000 |
| Stamp Duty | 3-4.5% of price | $19,500-$29,250 |
| Legal/Conveyancing | $2,000-$3,000 | $2,500 |
| Building/Pest Inspection | $500-$1,000+ | $750 |
| Lender Costs | ~$1,000 | $1,000 |
| Contingency Buffer (5%) | 5% of property value | $32,500 |
| Total Budget Required | 110-115% of price | $705,750-$716,250 |
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What financing options work best for Tasmania properties?
Tasmania property financing follows standard Australian lending practices with specific advantages for the local market.
Most buyers provide 20% deposits to achieve 80% loan-to-value ratios, avoiding lenders mortgage insurance and accessing competitive interest rates currently around 5.5-7% for standard variable loans.
Borrowing capacity calculations typically allow 5-6 times annual income for owner-occupiers and 4-5 times for investors, with Tasmania's lower property prices expanding options for many buyers.
Preferred mortgage features include offset accounts for tax benefits, redraw facilities for flexibility, and split loans combining fixed and variable rates to manage interest rate risk.
First home buyers can access government concessions including reduced stamp duty and shared equity schemes, particularly valuable for Tasmania's affordable entry-level market.
Investment loans require larger deposits (often 25-30%) but offer tax deductions on interest payments, particularly attractive given Tasmania's strong rental yields in suburbs like Glenorchy and Queenstown.
What ongoing ownership costs should you budget for?
Annual ownership costs in Tasmania vary significantly by property type and location but follow predictable patterns.
Council rates range from $1,800-$2,500 annually for standard houses, with premium properties in Sandy Bay or waterfront locations commanding higher rates up to $4,000+ per year.
Strata or body corporate fees apply to units and townhouses, typically costing $2,000-$4,000 annually depending on shared facilities like pools, gyms, or extensive grounds maintenance.
Property insurance costs $900-$2,000 per year for standard coverage, with coastal properties requiring additional storm and flood protection that can double these premiums.
Maintenance budgets should allow 1-2% of property value annually, with older heritage homes and coastal properties requiring higher allocations for weatherproofing and structural upkeep.
Rental properties face additional costs including vacancy periods (budget 2-4 weeks annually), property management fees (7-8% of rent), and tenant-related maintenance between leases.
What are current asking prices and recent sales by area?
September 2025 Tasmania property prices show clear segmentation across suburbs and property types with concrete recent sales data.
| Location | Property Type | Median Price | Entry Level | Premium Level |
|---|---|---|---|---|
| Sandy Bay | House | $1,400,000+ | $900,000 | $2,500,000+ |
| Hobart CBD | Unit | $535,000 | $400,000 | $800,000 |
| Glenorchy | House | $612,500 | $450,000 | $850,000 |
| Moonah | House | $613,500 | $480,000 | $900,000 |
| Brighton | House | $565,000 | $400,000 | $750,000 |
| Queenstown | House | $190,000 | $120,000 | $350,000 |
| Port Sorell | House | $1,000,000 | $600,000 | $1,800,000 |
Which areas are most expensive versus budget-friendly options?
Tasmania's property pricing hierarchy reflects lifestyle preferences, infrastructure access, and investment fundamentals as of September 2025.
Most expensive areas center on Sandy Bay ($1.4M+ median), Battery Point, and South Hobart, where heritage charm, harbor views, and proximity to Hobart's CBD command premium pricing above $1 million for standard family homes.
Mid-range suburbs include central Hobart ($695,000), Moonah ($613,500), and Brighton ($565,000), offering good infrastructure and growth potential for families and steady investors.
Budget-friendly options exist in Glenorchy ($612,500), Claremont ($549,500), and regional centers where quality family homes remain under $600,000 with strong rental yields.
Up-and-coming evidence supports Moonah and Brighton as gentrification targets, with new cafes, young professional migration, and infrastructure improvements driving 5-10% annual price growth.
Exceptional value exists in mining towns like Queenstown ($190,000 median) where experienced investors achieve 9.3% rental yields despite higher tenant turnover and economic volatility.
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.
What property strategies work best for different investment goals?
Tasmania property strategies should align with your primary objective and risk tolerance as of September 2025.
Owner-occupiers prioritizing lifestyle should target Hobart's established suburbs like Sandy Bay, Battery Point, or South Hobart for amenities, schools, and long-term capital stability despite lower rental yields around 3.5-4.5%.
Long-term rental investors achieve best results in Glenorchy (5.27% yield), Claremont (5.09% yield), and Moonah where steady tenant demand from families and young professionals ensures consistent occupancy rates above 95%.
Short-term rental investors should focus on tourist hotspots including Hobart's waterfront, MONA precinct proximity, and coastal towns where Airbnb yields can exceed 8-12% annually during peak seasons.
Buy-to-renovate-and-resell strategies work best in Brighton, Moonah, and outer Hobart suburbs where $50,000-$100,000 renovation budgets can add $150,000-$200,000 in value within 12-18 months.
High-yield seekers should consider Queenstown and regional mining towns where 8-9% rental returns compensate for higher tenant turnover and economic dependence on specific industries.
What are the smartest property choices across Tasmania right now?
Smart Tasmania property choices in September 2025 balance rental yield, capital growth drivers, renovation potential, and risk profiles.
1. **Highest rental yields:** Queenstown leads at 9.3% for experienced investors comfortable with mining town volatility, followed by Glenorchy at 5.27% for stable suburban returns.2. **Best capital growth potential:** Moonah and Brighton show 5-8% annual growth driven by gentrification, young professional migration, and infrastructure improvements including new shopping centers.3. **Strongest renovation upside:** Established suburbs like Claremont and outer Glenorchy offer 1980s-90s homes needing cosmetic updates that can add 20-30% value for $50,000-$80,000 investments.4. **Lowest risk profiles:** Central Hobart and Sandy Bay provide stable 4-5% annual growth with low vacancy rates, supported by university, hospital, and government employment.5. **Best cash-on-cash returns:** Glenorchy units at $445,000 generating $460 weekly rent deliver 5.52% yields with minimal vacancy risk and strong tenant demand.It's something we develop in our Australia property pack.
How have Tasmania property prices changed recently and what's forecast?
Tasmania property price movements show mixed patterns with clear divergence between Hobart and regional markets through September 2025.
Hobart prices increased 1-1.3% over the past year but remain 7% below peak values following a two-year market contraction from 2022-2024 highs, creating current buying opportunities.
Regional Tasmania performed stronger with 3.75% year-on-year growth, driven by lifestyle migration and relative affordability compared to mainland regional centers.
Five-year price changes show Hobart up approximately 15-20% from 2020 levels despite recent softening, while regional areas gained 25-30% over the same period.
One-year forecasts suggest 1-3% annual growth for well-located Hobart properties, with regional areas potentially achieving 3-5% growth supported by continued lifestyle migration trends.
Five-year forecasts indicate 3-5% annual compound growth for quality Tasmania properties, driven by population growth, infrastructure investment, and mainland affordability pressures pushing buyers south.
Ten-year projections suggest Tasmania property could double in value in premium locations, though this depends on continued economic diversification beyond traditional industries like mining and forestry.
How does Tasmania compare to mainland Australian property markets?
Tasmania property metrics show significant advantages over comparable mainland markets as of September 2025.
Affordability comparison reveals Hobart house median of $714,691 versus Brisbane ($1M+), Adelaide ($895,000), and Perth ($750,000), making Tasmania Australia's most affordable capital city market.
Rental yields strongly favor Tasmania with Hobart achieving 4.1-4.7% versus Sydney (2.8%), Melbourne (3.2%), and Brisbane (3.5%), providing better cash flow for investors.
Growth rates have moderated compared to mainland markets, with Tasmania's 1-3% annual increases trailing Sydney (5-7%) and Brisbane (8-10%) but offering more sustainable, less volatile appreciation.
Regional comparisons show Tasmania coastal towns like Devonport and Burnie offering better value than comparable New South Wales or Queensland coastal markets, with $400,000-$600,000 buying waterfront proximity versus $800,000-$1.2M+ mainland.
Population growth supports Tasmania's 1.2% annual increase versus national average of 2.1%, though quality of life migration continues attracting mainland retirees and remote workers seeking affordability.
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Conclusion
This article is for informational purposes only and should not be considered financial advice. Readers are advised to consult with a qualified professional before making any investment decisions. We do not assume any liability for actions taken based on the information provided.
Tasmania property market offers compelling opportunities in September 2025, particularly for investors seeking rental yields above 5% in growth suburbs like Glenorchy and Moonah.
The combination of affordable entry prices, stable rental demand, and moderate capital growth makes Tasmania an attractive alternative to overheated mainland markets for both owner-occupiers and investors.
Sources
- Mortgage Choice - Home Price Index Breakdown Property Values in TAS Right Now
- Your Investment Property Mag - Top Suburbs TAS
- 4One4 - Tasmania 2025 Real Estate Market
- Your Mortgage - Median House Prices Around Australia
- Domain - Tasmania Property Sales
- Savings.com.au - Tasmania Rental Yield
- Your Mortgage - Which Suburbs Have the Highest Rental Yields
- RealEstate.com.au - Primed for Growth Property Gurus Top Tassie Picks for 2025