Authored by the expert who managed and guided the team behind the Australia Property Pack
Get all the data you need about the real estate market in Tasmania
As of 2026, the housing market in Tasmania is more expensive than it used to be, but it still remains cheaper than most large mainland Australian markets.
In this blog post, we look at current housing prices in Tasmania, using the latest public data we could verify and simplify for normal buyers.
We constantly update this blog post so buyers can keep a clear view of Tasmania property prices without reading dozens of market reports.
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 Tasmania.
Insights
- The median housing price in Tasmania in 2026 is around A$650,000, which is about US$463,000 or €400,000.
- The average housing price in Tasmania in 2026 is higher, around A$750,000, because premium Hobart homes lift the mean.
- Hobart is clearly more expensive than regional Tasmania, with Hobart near A$735,000 and regional Tasmania near A$581,000 in May 2026.
- A realistic entry budget in Tasmania in 2026 starts around A$350,000 to A$500,000, mostly for older units or regional homes.
- Most normal residential properties in Tasmania fall between A$420,000 and A$1.15 million, before taxes, fees and renovation work.
- Luxury homes in Tasmania usually start around A$1.4 million, especially in Sandy Bay, Battery Point, Taroona and waterfront areas.
- Tasmania property prices rose strongly over the last decade, with a typical statewide home roughly doubling since 2016.
- New homes in Tasmania usually cost about 10% to 15% more than comparable existing homes because construction costs remain high.
- Buying costs matter in Tasmania, because transfer duty, legal fees, inspections and renovation work can add 8% to 25% to the final budget.
What is the average housing price in Tasmania in 2026?
The median housing price in Tasmania is usually more useful than the average housing price because the median shows what a normal buyer is more likely to face, while a few expensive Hobart homes can push the average higher.
We are writing this as of 2026, using the latest public data collected from authoritative sources that we manually double checked.
The median housing price in Tasmania in 2026 is about A$650,000, which is about US$463,000 or €400,000. The average housing price in Tasmania in 2026 is about A$750,000, which is about US$535,000 or €461,000.
For about 80% of normal residential properties in Tasmania in 2026, the realistic price range is about A$420,000 to A$1.15 million, which is about US$299,000 to US$820,000 or €258,000 to €707,000.
A realistic entry range in Tasmania in 2026 is about A$350,000 to A$500,000, which is about US$250,000 to US$357,000 or €215,000 to €308,000, and this can buy an older 2-bedroom unit of 65 to 80 sq m in Glenorchy, Moonah, Devonport or Burnie.
A realistic luxury property range in Tasmania in 2026 is about A$1.4 million to A$3 million or more, which is about US$998,000 to US$2.14 million or €861,000 to €1.85 million, and this can buy a renovated 4-bedroom character house or a waterfront-adjacent family home in Battery Point, Sandy Bay, Taroona or Bellerive.
By the way, you will find much more detailed price ranges in our property pack covering the real estate market in Tasmania.
Are Tasmania property listing prices close to the actual sale price in 2026?
In Tasmania in 2026, final sale prices are usually about 3% to 5% below asking prices, with a good working estimate of about 4% below the listed price.
This gap is small because good family homes in Hobart, inner Launceston and coastal lifestyle areas still have limited supply. The gap is usually larger for stale regional listings, older homes needing renovation, and properties with weak heating, insulation or energy performance.
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What is the price per sq m or per sq ft for properties in Tasmania in 2026?
As of 2026, the median housing price per sq m in Tasmania is about A$5,900, or US$4,207 and €3,629, while the median price per sq ft is about A$548, or US$391 and €337. The average housing price per sq m in Tasmania is about A$6,500, or US$4,635 and €3,998, while the average price per sq ft is about A$604, or US$431 and €372.
The highest price per sq m in Tasmania in 2026 is usually found in small inner Hobart apartments, renovated character homes and waterfront-adjacent houses, while the lowest price per sq m is usually found in older detached houses in Burnie, Devonport fringe areas, George Town, Queenstown and some inland towns.
The highest price per sq m in Tasmania is usually found in Battery Point, Sandy Bay, Taroona and West Hobart, with common ranges from about A$7,000 to A$15,000 per sq m. The lowest price per sq m in Tasmania is usually found in Burnie, George Town, Queenstown and some smaller northern or inland towns, with common ranges from about A$2,800 to A$4,700 per sq m.
How have property prices evolved in Tasmania?
Compared with one year earlier, property prices in Tasmania in 2026 are about 11% higher in nominal terms. This means a typical statewide median home rose from roughly A$586,000 in mid-2025 to about A$650,000 in June 2026, mainly because supply stayed tight in popular Hobart and lifestyle markets.
Compared with two years earlier, property prices in Tasmania in 2026 are also clearly higher, even though the market became more price-sensitive because of higher borrowing costs. The main reason is that Tasmania remained cheaper than Sydney, Melbourne, Brisbane and many coastal mainland markets, so local buyers and interstate lifestyle buyers kept supporting demand.
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 Tasmania.
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How do prices vary by housing type in Tasmania in 2026?
Tasmania is mainly a detached-house market in 2026, with an estimated breakdown of about 68% detached houses, 13% units or apartments, 8% townhouses or villas, 4% semi-detached or duplex homes, 5% lifestyle acreage and 2% prestige waterfront or luxury homes.
In Tasmania as of 2026, detached houses average about A$790,000, or US$563,000 and €486,000, while units and apartments average about A$520,000, or US$371,000 and €320,000. Townhouses and villas average about A$650,000, or US$463,000 and €400,000, semi-detached homes average about A$610,000, or US$435,000 and €375,000, lifestyle acreage averages about A$980,000, or US$699,000 and €603,000, and luxury waterfront homes average about A$2.2 million, or US$1.57 million and €1.35 million.
If you want to know more, you should read our dedicated analyses:
How do property prices compare between existing and new homes in Tasmania in 2026?
In Tasmania in 2026, new homes usually cost about 10% to 15% more than similar existing homes, with a practical working estimate of about 12%.
This premium exists because construction labour, materials, freight, energy standards and builder margins are expensive in Tasmania, and buyers also pay more to avoid renovation risk in older homes.
Get to know the market before buying a property in Tasmania
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How do property prices vary by neighborhood in Tasmania in 2026?
Sandy Bay is one of the most popular expat and premium family areas in Tasmania, with large detached homes, character houses and apartments near the university. As of 2026, typical housing prices in Sandy Bay range from about A$1 million to A$2.4 million, or US$713,000 to US$1.71 million and €615,000 to €1.48 million, because the area is close to Hobart CBD, the waterfront, schools and lifestyle amenities.
Battery Point is one of Tasmania’s most prestigious heritage areas, with renovated cottages, premium apartments and character homes. As of 2026, typical housing prices in Battery Point range from about A$1.4 million to A$2.8 million or more, or US$998,000 to US$2 million and €861,000 to €1.72 million, because the area is walkable, historic and very limited in supply.
Kingston and Kingston Beach offer family houses, townhouses, coastal homes and newer subdivisions at prices below the most expensive inner Hobart suburbs. As of 2026, typical housing prices in Kingston range from about A$650,000 to A$1.1 million, or US$463,000 to US$784,000 and €400,000 to €677,000, because buyers get more space, beach access and a manageable commute to Hobart.
You will find a much more detailed analysis by areas in our property pack about Tasmania. Meanwhile, here is a quick summary table we have made so you can understand how prices change across areas:
| Area in Tasmania | Buyer profile | Average price range | Average price per sq m | Average price per sq ft |
|---|---|---|---|---|
| Battery Point | Prestige and heritage | A$1.4m to A$2.8m US$1.0m to US$2.0m |
A$9,000 to A$15,000 US$6,400 to US$10,700 |
A$836 to A$1,394 US$596 to US$994 |
| Sandy Bay | Expat and premium family | A$1.0m to A$2.4m US$713k to US$1.71m |
A$8,000 to A$13,000 US$5,700 to US$9,300 |
A$743 to A$1,208 US$530 to US$861 |
| Taroona | Coastal family | A$1.1m to A$2.2m US$784k to US$1.57m |
A$7,500 to A$11,500 US$5,350 to US$8,200 |
A$697 to A$1,068 US$497 to US$762 |
| West Hobart | Lifestyle and city fringe | A$900k to A$1.7m US$642k to US$1.21m |
A$7,000 to A$11,000 US$5,000 to US$7,800 |
A$650 to A$1,022 US$464 to US$729 |
| North Hobart | Walkable and popular | A$800k to A$1.4m US$570k to US$998k |
A$6,500 to A$10,000 US$4,600 to US$7,100 |
A$604 to A$929 US$431 to US$663 |
| Bellerive | Waterfront and commute | A$750k to A$1.4m US$535k to US$998k |
A$6,000 to A$9,500 US$4,300 to US$6,800 |
A$557 to A$883 US$397 to US$630 |
| Kingston | Family and value | A$650k to A$1.1m US$463k to US$784k |
A$5,200 to A$8,000 US$3,700 to US$5,700 |
A$483 to A$743 US$344 to US$530 |
| Moonah | Commute and gentrifying | A$600k to A$950k US$428k to US$677k |
A$5,000 to A$7,500 US$3,600 to US$5,350 |
A$465 to A$697 US$332 to US$497 |
| Glenorchy | Entry and value | A$480k to A$750k US$342k to US$535k |
A$4,300 to A$6,000 US$3,100 to US$4,300 |
A$399 to A$557 US$285 to US$397 |
| Launceston | Regional city | A$550k to A$950k US$392k to US$677k |
A$4,500 to A$7,200 US$3,200 to US$5,100 |
A$418 to A$669 US$298 to US$477 |
| Devonport | Affordable coastal | A$430k to A$700k US$307k to US$499k |
A$3,700 to A$5,300 US$2,600 to US$3,800 |
A$344 to A$492 US$245 to US$351 |
| Burnie | Budget and yield | A$350k to A$600k US$250k to US$428k |
A$3,000 to A$4,700 US$2,100 to US$3,350 |
A$279 to A$437 US$199 to US$312 |
How much more do you pay for properties in Tasmania when you include renovation work, taxes, and fees?
In Tasmania in 2026, a buyer usually pays about 4% to 6% extra for a clean purchase, about 8% to 15% extra with light renovation, and about 18% to 35% or more with major renovation work.
For a property bought around US$200,000, or about A$280,000, the extra cost in Tasmania can be around A$25,000 to A$55,000 if the home needs basic work. This means the total cost can end up around A$305,000 to A$335,000, or about US$217,000 to US$239,000.
For a property bought around US$500,000, or about A$701,000, the extra cost in Tasmania can be around A$75,000 to A$130,000 if the home needs light to moderate renovation. This means the total cost can end up around A$776,000 to A$831,000, or about US$553,000 to US$593,000.
For a property bought around US$1,000,000, or about A$1.4 million, the extra cost in Tasmania can be around A$190,000 to A$360,000 if the home needs premium upgrades. This means the total cost can end up around A$1.59 million to A$1.76 million, or about US$1.13 million to US$1.25 million.
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 Tasmania
| Extra expense | Type | Estimated cost range |
|---|---|---|
| Transfer duty | Tax | Usually about 3.5% to 4.5% of the purchase price. On a A$750,000 home in Tasmania, transfer duty is about A$28,900, or about US$20,600. |
| Conveyancing or solicitor | Fees | Usually about A$1,800 to A$3,500, or about US$1,300 to US$2,500. This covers legal checks, contract review and settlement support. |
| Title registration and settlement fees | Fees | Usually about A$300 to A$800, or about US$200 to US$600. These are small compared with duty, but buyers should still include them. |
| Building and pest inspection | Due diligence | Usually about A$500 to A$1,200, or about US$400 to US$900. This is important in Tasmania because many older homes need heating, roofing, damp or wiring checks. |
| Bank valuation and loan fees | Finance | Usually about A$0 to A$1,000, or about US$0 to US$700. Some lenders include these costs, while others charge them separately. |
| Light renovation | Renovation | Usually about A$20,000 to A$60,000, or about US$14,000 to US$43,000. This can cover paint, flooring, small kitchen work or basic heating upgrades. |
| Moderate renovation | Renovation | Usually about A$60,000 to A$150,000, or about US$43,000 to US$107,000. This can cover bathrooms, kitchen upgrades, insulation and general repairs. |
| Major renovation | Renovation | Usually about A$150,000 to A$400,000 or more, or about US$107,000 to US$285,000 or more. This can happen with old cottages, heritage homes and properties needing structural work. |
| Foreign buyer surcharge | Tax | The amount can materially change the final cost if the buyer is treated as a foreign buyer. Buyers should check the current Tasmanian rules before signing a contract. |
| FIRB application fee | Federal approval | The fee depends on buyer status and purchase price. Foreign buyers should verify the current federal rules before making an offer. |
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 Tasmania in 2026 with different budgets?
With US$100,000, or about A$140,000, there is almost no normal residential property market in Tasmania in 2026, except possibly a very small studio under 35 sq m in a weak regional location, a very old cottage needing major work in an inland town, or land without a completed home.
With US$200,000, or about A$280,000, a buyer in Tasmania in 2026 may find an older 1-bedroom unit of 40 to 55 sq m in Burnie or Queenstown, a small 2-bedroom weatherboard cottage of 70 to 90 sq m in a north-west inland town, or an older regional unit with limited resale depth.
With US$300,000, or about A$421,000, a buyer in Tasmania in 2026 may find an older 2-bedroom unit of 65 to 80 sq m around Glenorchy or Moonah fringe, a 3-bedroom existing house of 100 to 130 sq m in Burnie, or a small 2-bedroom unit or townhouse of 70 to 90 sq m in Devonport.
With US$500,000, or about A$701,000, a buyer in Tasmania in 2026 may find a 3-bedroom existing family house of 130 to 160 sq m in Kingston or Glenorchy, a 3-bedroom house of 140 to 180 sq m in Devonport or Launceston suburbs, or a 2-bedroom newer townhouse of 90 to 120 sq m in a Hobart middle-ring suburb.
With US$1,000,000, or about A$1.4 million, a buyer in Tasmania in 2026 may find a renovated 4-bedroom family house of 180 to 230 sq m in West Hobart or North Hobart, a 4-bedroom coastal family home of 200 to 260 sq m in Kingston Beach, Taroona or Bellerive, or a large lifestyle property near Huon Valley or Tamar Valley.
With US$2,000,000, or about A$2.8 million, a buyer in Tasmania in 2026 is in the luxury market and may find a premium 4 or 5-bedroom waterfront-adjacent home of 280 to 400 sq m in Sandy Bay or Taroona, a restored heritage residence of 250 to 350 sq m in Battery Point, or a large lifestyle estate in Huon Valley, Tamar Valley or south-east Tasmania.
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 Tasmania, 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 it is authoritative | How we used it |
|---|---|---|
| Australian Bureau of Statistics, Total Value of Dwellings | The ABS is Australia’s national statistics agency and is the strongest official source for dwelling values. | We used the March quarter 2026 mean dwelling price for Tasmania as the main official anchor. We then rounded the value to make the number easier to read. |
| PropTrack Home Price Index | PropTrack is one of Australia’s main residential property data providers. | We used PropTrack to cross-check recent price momentum in Tasmania. We also used it to separate Hobart trends from regional Tasmania trends. |
| Mortgage Choice Tasmania property values summary | Mortgage Choice reports PropTrack’s Tasmania figures in a clear and buyer-friendly format. | We used the May 2026 Hobart and regional Tasmania medians from this source. We also used the reported annual growth figures to estimate the one-year change. |
| Real Estate Institute of Tasmania Market Reports | The REIT is Tasmania’s main real estate industry body. | We used REIT reports to validate local market patterns. We also used them to sense-check housing type and regional differences. |
| State Revenue Office Tasmania, Rates of duty | This is the official Tasmanian government source for property transfer duty. | We used the duty scale to estimate buyer taxes. We applied the scale to common purchase prices such as A$500,000, A$750,000 and A$1.2 million. |
| Land Titles Office Tasmania, Fees | This is the official state source for title registration and lodgement fees. | We used it to estimate small government closing costs. We included these costs because buyers often forget them. |
| Reserve Bank of Australia, Exchange rates | The RBA is Australia’s central bank and is the standard reference for exchange rates. | We used rounded 2026 working exchange rates. We converted Australian dollars into US dollars and euros for international readers. |
| Australian Bureau of Statistics, Consumer Price Index | The ABS is the official inflation source for Australia. | We used CPI data to estimate inflation-adjusted price growth. We used it to make the one-year and long-term changes easier to understand. |
| realestate.com.au Tasmania suburb profiles | realestate.com.au is one of Australia’s largest property listing portals. | We used its suburb data to sense-check local price ranges. We did not use it alone because listing portals can move quickly and vary by property mix. |
| Cotality, formerly CoreLogic, indices | Cotality is one of Australia’s best-known property index providers. | We used it as a methodology cross-check for hedonic price-index logic. We used it mainly to validate the direction of market movements. |
| State Revenue Office Tasmania | The State Revenue Office manages key state tax information in Tasmania. | We used it to keep buyer cost estimates grounded in official tax rules. We also flagged that foreign buyer costs need to be checked before purchase. |
| Land Tasmania | Land Tasmania is the official state source for land and titles information. | We used it to support the closing-cost section. We included title and settlement items as small but real buyer expenses. |
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