Get all the data you need about the real estate market in Tasmania
This article is updated regularly so that the data you see here always reflects current market conditions in 2026.
Residential land prices in Tasmania vary significantly depending on where you look, from over AUD 1,800 per square meter in Sandy Bay to under AUD 500 per square meter in Burnie.
Understanding these differences can help you set a realistic budget before you start your search.
And if you're planning to buy a property in Tasmania, you may want to download our real estate pack about Tasmania.
A quick summary table
| Metric | Value |
|---|---|
| Most expensive neighborhood for land in Tasmania | Sandy Bay (Hobart) |
| Most affordable neighborhood for land in Tasmania | Burnie |
| Average price per square meter across Tasmania neighborhoods | AUD 930 |
| Median plot price across the Tasmania land market | AUD 565,000 |
| Lowest realistic starting budget in Tasmania | AUD 200,000 (Burnie) |
| Most expensive plot size category in Tasmania | Large plot (900 to 1,500 sqm) |
| Most affordable plot size category in Tasmania | Small plot (400 to 600 sqm) |
| Average price for a small plot in Tasmania | AUD 513,000 |
| Average price for a medium plot in Tasmania | AUD 632,000 |
| Average price for a large plot in Tasmania | AUD 860,000 |
| Price gap between the most and least expensive Tasmania neighborhood | AUD 1,350 per sqm (Sandy Bay vs Burnie) |
| Price spread across Tasmania neighborhoods | AUD 450 to AUD 1,800 per sqm |
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Tasmania neighborhoods in 2026 ranked by residential land purchase price
This table ranks the main neighborhoods in the Tasmania residential land market by price, from the most expensive to the most affordable.
For each neighborhood, you will find the average price per square meter, the median plot price, the starting budget, the average price for a small plot, a medium plot, and a large plot, the typical land use, 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 Tasmania.
| Rank | Neighborhood | Average Price per Square Meter | Median Plot Price | Starting Budget | Average Price for a Small Plot | Average Price for a Medium Plot | Average Price for a Large Plot | Typical Land Use | Key Pros | Key Cons | Market Segment |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Sandy Bay (Hobart) | AUD 1,800 | AUD 950,000 | AUD 700,000 | AUD 850,000 | AUD 1,050,000 | AUD 1,400,000 | Luxury home build | Very close to Hobart CBD, strong services and amenities, waterfront views available, premium infrastructure, and consistently high resale demand | Very limited land supply, steep terrain on many blocks, strict planning controls, and one of the highest entry costs in Tasmania | Prime Land |
| 2 | Battery Point (Hobart) | AUD 1,700 | AUD 900,000 | AUD 650,000 | AUD 800,000 | AUD 1,000,000 | AUD 1,350,000 | Prestige development | One of Hobart's most prestigious historic areas, central location, strong capital appreciation history, and high buyer demand | Vacant land is extremely scarce, heritage overlay restrictions apply to most sites, approvals are complex, and prices are high | Prime Land |
| 3 | West Hobart | AUD 1,500 | AUD 800,000 | AUD 600,000 | AUD 720,000 | AUD 880,000 | AUD 1,200,000 | Custom home build | Elevated positions with views across Hobart, proximity to the CBD, established infrastructure, and strong buyer desirability | Most blocks are steeply sloped, excavation adds to construction costs, flat land is rare, and planning constraints apply | High-Value Land |
| 4 | South Hobart | AUD 1,400 | AUD 750,000 | AUD 550,000 | AUD 680,000 | AUD 820,000 | AUD 1,100,000 | Lifestyle home build | Natural surroundings, quiet residential feel, strong and consistent buyer demand, and good access to Hobart city | Some areas fall within bushfire risk zones, terrain can be challenging, and infrastructure expansion is limited in parts | High-Value Land |
| 5 | Bellerive (Clarence) | AUD 1,200 | AUD 650,000 | AUD 480,000 | AUD 580,000 | AUD 700,000 | AUD 950,000 | Family home construction | Coastal proximity, ferry access to Hobart CBD, relatively flat blocks available, and good utilities already in place | Limited land supply, prices have risen sharply in recent years, and developer competition is strong in the area | High-Value Land |
| 6 | Kingston Beach | AUD 1,100 | AUD 600,000 | AUD 450,000 | AUD 550,000 | AUD 680,000 | AUD 900,000 | Coastal home build | Beach lifestyle, growing demand from Hobart buyers seeking coastal living, good road access, and strong long-term resale potential | Coastal exposure affects some blocks, zoning restrictions apply near the shoreline, and large plots are increasingly scarce | High-Value Land |
| 7 | New Town (Hobart) | AUD 1,000 | AUD 580,000 | AUD 420,000 | AUD 520,000 | AUD 650,000 | AUD 850,000 | Infill development | Close to schools and services, strong CBD access, established utility connections, and solid rental demand from the area | Plot sizes tend to be smaller, new land releases are rare, and zoning pushes toward higher density development | Mid-Range Land |
| 8 | Glenorchy | AUD 800 | AUD 480,000 | AUD 350,000 | AUD 420,000 | AUD 520,000 | AUD 700,000 | Affordable housing build | Good public transport links, lower entry price than inner Hobart suburbs, and strong demand from first-time buyers | Some proximity to industrial areas, lower prestige than southern Hobart suburbs, and parts of the area are flood-prone | Mid-Range Land |
| 9 | Howrah | AUD 750 | AUD 450,000 | AUD 320,000 | AUD 400,000 | AUD 500,000 | AUD 680,000 | Family home build | Coastal access, quieter suburban feel, improving local infrastructure, and growing demand from Hobart commuters | Distance from the Hobart CBD, limited public transport options, and price growth has been moderate compared to closer suburbs | Mid-Range Land |
| 10 | Launceston (Inner suburbs) | AUD 650 | AUD 420,000 | AUD 300,000 | AUD 360,000 | AUD 460,000 | AUD 620,000 | Residential development | Tasmania's main regional hub, stable and consistent demand, larger plots available, and lower density than Hobart | Capital growth has been slower than Hobart over recent years, and the premium buyer pool is smaller | Affordable Land |
| 11 | Devonport | AUD 550 | AUD 350,000 | AUD 250,000 | AUD 300,000 | AUD 380,000 | AUD 520,000 | Entry-level housing | Coastal town location, affordable land prices, improving local infrastructure, and steady demand from the region | Limited high-end market, price appreciation has been slower, and the local economy has strong ties to port activity | Entry-Level Land |
| 12 | Burnie | AUD 450 | AUD 300,000 | AUD 200,000 | AUD 260,000 | AUD 320,000 | AUD 450,000 | Budget home build | Lowest land entry prices in Tasmania, good availability of residential plots, and straightforward zoning rules | Demand growth has been weak, resale upside is limited compared to Hobart, and fewer lifestyle amenities are available | Entry-Level Land |
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Key insights about land purchase prices in Tasmania
Insights
- Sandy Bay and Battery Point sit above AUD 1,700 per sqm in 2026, making them more than three times more expensive than Burnie at AUD 450 per sqm. The price gap across Tasmania is wider than many buyers expect.
- Every inner Hobart suburb in 2026 prices at AUD 1,000 per sqm or more. Once you cross into the broader Hobart metro and regional Tasmania, prices fall sharply and quickly.
- A realistic entry budget in Tasmania ranges from AUD 200,000 in Burnie to over AUD 700,000 in Sandy Bay. Setting your budget before picking a neighborhood will save you a lot of time.
- Bellerive and Kingston Beach hold their pricing firmly in the AUD 1,100 to 1,200 per sqm range in 2026, which shows that coastal access in greater Hobart commands a clear and measurable premium.
- Launceston inner suburbs offer land at around AUD 650 per sqm, which is roughly one-third of what Sandy Bay costs. For buyers who do not need to be in Hobart, this is a significant affordability advantage.
- Terrain is a major hidden cost in Tasmania. Sloped blocks in West Hobart and South Hobart require more excavation and engineering before building, which adds directly to your total project budget beyond just the land price.
- Bushfire risk zones in South Hobart and surrounding areas create a measurable discount on affected plots compared to equivalent flat and unaffected sites in nearby suburbs.
- Glenorchy at AUD 800 per sqm in 2026 offers one of the best balances of Hobart proximity and affordability for first-time buyers. It sits roughly halfway between the premium inner suburbs and the regional market.
- Large plots across Tasmania show a lower price per sqm than small plots in the same neighborhood. Buyers who can stretch their budget to a larger site often get better value per square meter.
- Scarcity is the main driver of price in prime Hobart land. Battery Point and Sandy Bay have almost no new land releases, and this supply constraint continues to push prices higher regardless of broader market conditions.
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About our methodology
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 Tasmania.
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 Tasmania neighborhood, we aggregated the freshest residential land 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 plot price for each neighborhood in the Tasmania land market.
We also calculated the starting budget, which represents the lowest realistic entry point to buy a residential buildable plot of land in that neighborhood. This is not the cheapest possible listing, but a real, achievable floor for a standard land purchase in Tasmania.
For each plot size category, we estimated an average purchase price based on local market conventions in Tasmania. The typical size range for a small, medium, and large plot can vary across neighborhoods, so we adapted our estimates accordingly.
These estimates were not applied as one flat number across all of Tasmania. They were adjusted by neighborhood and plot size to better reflect local land market 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 Tasmania.
What sources have we used to write this blog article?
Whether it's in our blog articles or the market analyses included in our real estate pack about Tasmania, 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's authoritative | How we used it |
|---|---|---|
| Australian Bureau of Statistics (ABS) | The official national statistics authority for Australia, responsible for publishing land and dwelling data. | We used ABS land value datasets to benchmark Tasmania land price trends across regions. We cross-checked these figures against suburb-level data to validate our price estimates. |
| CoreLogic Australia | Australia's leading property data and analytics provider, with detailed suburb-level land sales records. | We used CoreLogic land sales data to triangulate price per sqm estimates and median land values across Tasmania neighborhoods. We validated these figures against other sources before including them. |
| Domain Property Reports | One of Australia's largest property platforms, publishing regular research reports on suburb-level pricing. | We used Domain suburb reports to compare median land prices across Hobart and regional Tasmania. We identified price trends and checked them against CoreLogic data for consistency. |
| REA Group (realestate.com.au) | Australia's largest property listings platform, with real-time market data covering active land sales. | We used listing-level land pricing data to estimate realistic entry budgets for each Tasmania neighborhood. We validated price ranges across different plot sizes using active listings. |
| Valuer-General Tasmania | The official Tasmanian government authority responsible for land valuations and property valuation rolls. | We used Tasmania's land valuation rolls to benchmark price per sqm figures and confirm zoning classifications. We ensured that only residential buildable land was included in our analysis. |
| Tasmania Planning Commission | The Tasmanian government body that oversees land zoning, development controls, and planning policy. | We used zoning rules and planning overlays to confirm that each site category in our analysis was eligible for residential construction. We excluded non-residential land from all estimates. |
| Herron Todd White | An independent valuation firm widely used across Australia, known for detailed regional property market commentary. | We used Herron Todd White valuation reports to assess regional land supply constraints across Tasmania. We used their commentary to validate the pricing tiers we assigned to each neighborhood. |
| NAB Residential Property Survey | A major Australian bank that publishes regular residential property surveys covering demand patterns by region. | We used NAB survey data to understand demand patterns across different parts of Tasmania. We cross-checked their regional market segmentation against our own neighborhood classifications. |
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