Get all the data you need about the real estate market in Tasmania
SUMMARY
We analyzed residential property rental yields in Tasmania, as of 2026, for residential property buyers using the raw dataset provided. We built this guide to make the Tasmania residential property market easier to compare by neighborhood, bedroom count, purchase price, monthly rent, gross rental yield, and net rental yield.
This article is constantly updated, so the figures should be read as a May 2026 snapshot rather than a permanent valuation. The most useful number for a beginner buyer is the net rental yield, because ownership costs, vacancy, repairs, insurance, and management can materially reduce the headline yield.
The clearest finding is that Tasmania is not mainly a studio-apartment yield market. The more practical beginner comparison is between 1-bedroom property, 2-bedroom property, and 3-bedroom property, with units and villa-style units doing most of the work in the smaller categories.
The strongest income signals are in smaller properties in Newstead, Burnie, Devonport, Moonah, Glenorchy, and New Town. Newstead 1-bedroom property reaches about 7.0% gross yield and 5.8% net yield, while Burnie 1-bedroom property reaches about 6.6% gross yield and 5.5% net yield.
For a foreign individual buyer who wants a cleaner balance between yield and market depth, Moonah, Glenorchy, New Town, and Devonport look more practical than simply chasing the highest number. Their yields are slightly lower than the highest regional results, but the tenant demand and resale logic are easier to understand.
The weakest yield profiles are in premium or expensive larger stock. Battery Point 3-bedroom property is estimated at only 2.5% gross yield and 1.1% net yield, while North Hobart 3-bedroom property is estimated at 2.1% gross yield and 0.8% net yield.
Hobart CBD larger units also look stretched relative to rent. The 2-bedroom property estimate is about A$907,500 purchase price and A$2,817 monthly rent, which produces only 3.7% gross yield and 2.4% net yield.
The best property type balance is usually the 2-bedroom unit or villa-style unit. It normally rents to a wider tenant pool than a 1-bedroom property, but it does not require as much capital or maintenance as a 3-bedroom house.
Foreign buyers need to be especially careful in Tasmania. The dataset points to an 8% foreign investor duty surcharge and a temporary federal restriction on many established dwelling purchases by foreign persons from April 2025 to March 2027, so legal eligibility can matter as much as yield.
The practical takeaway is simple: for residential property rental yields in Tasmania, do not buy only on gross yield. Compare net yield, tenant depth, resale liquidity, property condition, body-corporate or maintenance burden, and foreign-buyer rules before treating any property as investable.
Get fresh and reliable information about the market in Tasmania
Don't base significant investment decisions on outdated data. Get updated and accurate information.
Residential property rental yields in Tasmania in 2026
This table compares residential property rental yields in Tasmania by neighborhood and bedroom count.
For each area, the table shows estimated average purchase price, estimated average monthly rent, gross rental yield, and net rental yield for 1-bedroom property, 2-bedroom property, and 3-bedroom property.
The table covers the neighborhoods, areas, and property types included in the raw dataset. Finally, please note you'll find much more detailed data in our real estate pack about Tasmania.
| Neighborhood | 1-bedroom property average purchase price | 1-bedroom property average monthly rent | 1-bedroom property gross rental yield | 1-bedroom property net rental yield | 2-bedroom property average purchase price | 2-bedroom property average monthly rent | 2-bedroom property gross rental yield | 2-bedroom property net rental yield | 3-bedroom property average purchase price | 3-bedroom property average monthly rent | 3-bedroom property gross rental yield | 3-bedroom property net rental yield |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Battery Point | A$550,000 | A$2,167 | 4.7% | 3.4% | A$665,000 | A$2,513 | 4.5% | 3.2% | A$1,800,000 | A$3,683 | 2.5% | 1.1% |
| Bellerive | A$405,000 | A$1,798 | 5.3% | 4.1% | A$601,000 | A$2,167 | 4.3% | 3.1% | A$740,000 | A$2,990 | 4.9% | 3.6% |
| Burnie | A$220,000 | A$1,213 | 6.6% | 5.5% | A$312,500 | A$1,430 | 5.5% | 4.4% | A$560,000 | A$2,167 | 4.6% | 3.1% |
| Devonport | A$290,000 | A$1,473 | 6.1% | 5.0% | A$400,000 | A$1,733 | 5.2% | 4.1% | A$563,000 | A$2,167 | 4.6% | 3.1% |
| Glenorchy | A$332,000 | A$1,582 | 5.7% | 4.5% | A$474,500 | A$2,058 | 5.2% | 4.0% | A$628,500 | A$2,513 | 4.8% | 3.3% |
| Hobart CBD | A$431,250 | A$1,928 | 5.4% | 4.1% | A$907,500 | A$2,817 | 3.7% | 2.4% | A$1,178,500 | A$3,350 | 3.4% | 2.1% |
| Kingston | A$431,000 | A$1,213 | 3.4% | 2.2% | A$605,000 | A$2,080 | 4.1% | 2.9% | A$680,000 | A$2,643 | 4.7% | 3.4% |
| Launceston | A$395,000 | A$1,517 | 4.6% | 3.5% | A$480,000 | A$1,993 | 5.0% | 3.9% | A$750,000 | A$2,535 | 4.1% | 2.6% |
| Moonah | A$315,000 | A$1,560 | 5.9% | 4.7% | A$463,000 | A$2,145 | 5.6% | 4.4% | A$662,500 | A$2,817 | 5.1% | 3.6% |
| New Town | A$380,000 | A$1,733 | 5.5% | 4.3% | A$453,000 | A$2,167 | 5.7% | 4.5% | A$866,500 | A$2,817 | 3.9% | 2.4% |
| Newstead | A$276,000 | A$1,603 | 7.0% | 5.8% | A$434,500 | A$2,058 | 5.7% | 4.5% | A$697,500 | A$2,470 | 4.2% | 2.7% |
| North Hobart | A$412,500 | A$1,972 | 5.7% | 4.4% | A$800,000 | A$2,570 | 3.9% | 2.6% | A$1,625,000 | A$2,873 | 2.1% | 0.8% |
| Sandy Bay | A$420,000 | A$1,820 | 5.2% | 3.9% | A$650,000 | A$2,275 | 4.2% | 3.0% | A$1,100,000 | A$3,250 | 3.5% | 2.0% |
| South Hobart | A$435,000 | A$1,733 | 4.8% | 3.6% | A$566,250 | A$2,340 | 5.0% | 3.8% | A$816,000 | A$3,402 | 5.0% | 3.6% |
Make a profitable investment in Tasmania
Better information leads to better decisions. Save time and money. Download our data.
Which neighborhoods offer the best net yield among areas people actually want to live in Tasmania?
The neighborhoods that offer the best net yield among areas people actually want to live in Tasmania are New Town, Moonah, Glenorchy, Devonport, Bellerive, and Newstead.
These areas combine usable residential property rental yields in Tasmania with enough tenant demand, everyday services, and resale depth to make the numbers more credible than a simple cheap-suburb yield result.
The evidence is clearest in smaller and mid-sized properties. New Town is estimated at 4.3% net yield for 1-bedroom property and 4.5% for 2-bedroom property, while Moonah is estimated at 4.7% and 4.4% for the same bedroom counts.
Glenorchy is also practical, with about 4.5% net yield for 1-bedroom property and 4.0% for 2-bedroom property. These returns are materially stronger than Battery Point 3-bedroom property at about 1.1% net yield or North Hobart 3-bedroom property at about 0.8% net yield.
Devonport is the regional version of the same logic. Its 2-bedroom property estimate is about A$400,000 purchase price, A$1,733 monthly rent, 5.2% gross yield, and 4.1% net yield.
The practical takeaway is that a beginner buyer should separate livable yield from maximum spreadsheet yield. New Town, Moonah, Glenorchy, and Devonport look stronger than prestige Hobart suburbs for income, while still offering more practical demand than very thin markets.
Where can I find residential properties with above-average yields and below-average entry prices in Tasmania?
The clearest places to find residential properties with above-average yields and below-average entry prices in Tasmania are Burnie, Devonport, Moonah, Glenorchy, and Newstead, especially in 1-bedroom and 2-bedroom properties.
These areas stand out because the purchase prices are much lower than premium Hobart prices, while the rents are still strong enough to support attractive rental income in Tasmania.
Burnie 1-bedroom property is the cheapest high-yield segment in the table, at about A$220,000 purchase price and A$1,213 monthly rent. That produces about 6.6% gross yield and 5.5% net yield.
Devonport 1-bedroom property is estimated at A$290,000 and A$1,473 monthly rent, giving about 6.1% gross yield and 5.0% net yield. Moonah 1-bedroom property is estimated at A$315,000 and A$1,560 monthly rent, producing about 5.9% gross yield and 4.7% net yield.
Newstead is also very strong on the numbers, with 1-bedroom property estimated at A$276,000 purchase price, A$1,603 monthly rent, 7.0% gross yield, and 5.8% net yield. The caution is that very high small-property yields can sometimes come from thin sales samples, not just exceptional demand.
For a foreign individual buyer, the safer above-average-yield search usually starts with Moonah, Glenorchy, Devonport, and New Town. Burnie and Newstead can be attractive, but they need extra checks on sample size, resale liquidity, and building quality.
Where does the rent level justify the purchase price most clearly in Tasmania?
The rent level most clearly justifies the purchase price in Tasmania in Moonah, Glenorchy, New Town, Devonport, and Newstead, especially for 1-bedroom and 2-bedroom properties.
These areas show the strongest rent-to-price relationship because rents remain meaningful while purchase prices are not inflated by the same prestige premium seen in Battery Point, Sandy Bay, or central Hobart.
Moonah is a clear example. The 2-bedroom property estimate is about A$463,000 purchase price and A$2,145 monthly rent, which produces about 5.6% gross yield and 4.4% net yield.
New Town is similarly rational for rental income. Its 2-bedroom property estimate is about A$453,000 purchase price and A$2,167 monthly rent, giving about 5.7% gross yield and 4.5% net yield.
Hobart CBD 2-bedroom property tells the opposite story. The estimate is about A$907,500 purchase price and A$2,817 monthly rent, which produces only about 3.7% gross yield and 2.4% net yield.
The real signal is that practical rental suburbs monetize rent better than prestige suburbs. We have actually built the our real estate pack about Tasmania to make sure you won’t buy in the wrong area. Check it out.
Get to know the market before buying a property in Tasmania
Better information leads to better decisions. Get all the data you need before investing a large amount of money.
Where is the best place to buy if I want stable rental income rather than maximum yield in Tasmania?
The best places to buy for stable rental income rather than maximum yield in Tasmania are New Town, Glenorchy, Moonah, Bellerive, Kingston, and Devonport.
These areas may not always have the single highest net rental yield in Tasmania, but they offer broader tenant pools and clearer day-to-day rental demand than very thin regional or prestige markets.
New Town is a strong stability pick because its 2-bedroom property estimate combines a manageable A$453,000 purchase price with about A$2,167 monthly rent and 4.5% net yield. The yield is not only attractive, it is supported by a practical location close to Hobart services.
Glenorchy and Moonah are similar northern Hobart rental-belt choices. Glenorchy 2-bedroom property is estimated at 4.0% net yield, while Moonah 2-bedroom property is estimated at 4.4% net yield.
Kingston is less exciting on yield, especially for 1-bedroom property at 2.2% net yield, but the 3-bedroom property estimate is more stable at about 3.4% net yield. That makes Kingston more of a family and lifestyle stability market than a maximum-yield market.
Devonport is the regional stability option. Its 2-bedroom property gives about 4.1% net yield, and its 3-bedroom property gives about 3.1% net yield, which is less spectacular than Burnie small units but more balanced for tenant depth.
What type of residential property should a beginner investor buy to maximize rental profitability in Tasmania?
A beginner investor trying to maximize rental profitability in Tasmania should usually focus on a 2-bedroom unit, villa-style unit, or low-maintenance apartment in a practical suburb or regional service centre.
The 2-bedroom format has a wider tenant pool than a 1-bedroom property, while still avoiding the higher purchase price and heavier maintenance burden of many 3-bedroom houses.
The numbers support this. New Town 2-bedroom property is estimated at A$453,000, A$2,167 monthly rent, 5.7% gross yield, and 4.5% net yield.
Moonah 2-bedroom property is also attractive, at A$463,000 purchase price, A$2,145 monthly rent, 5.6% gross yield, and 4.4% net yield. Devonport 2-bedroom property is cheaper at A$400,000 and still reaches about 4.1% net yield.
Large 3-bedroom properties can produce higher absolute monthly rent, but the yield often falls because the purchase price rises faster than rent. Sandy Bay 3-bedroom property rents for about A$3,250 per month, but the A$1.1 million purchase price leaves only about 2.0% net yield.
The practical beginner rule is to buy the property type that converts capital into rent efficiently. We give you more details in the our real estate pack about Tasmania.
Which neighborhoods offer strong rental income with the lowest vacancy risk in Tasmania?
The neighborhoods that offer strong rental income with lower vacancy risk in Tasmania are New Town, Glenorchy, Moonah, South Hobart, Kingston, and Devonport.
These areas combine useful rent levels with practical tenant demand, rather than relying only on prestige, tourism, or very small rental samples.
New Town and Moonah are strong because their 2-bedroom properties sit in the sweet spot of the Tasmania residential property market. New Town shows A$2,167 monthly rent and 4.5% net yield, while Moonah shows A$2,145 monthly rent and 4.4% net yield.
Glenorchy is slightly cheaper, with 2-bedroom property around A$474,500 purchase price and A$2,058 monthly rent. That produces about 5.2% gross yield and 4.0% net yield.
South Hobart is more expensive, but the rent is strong. Its 3-bedroom property estimate is A$816,000 purchase price and A$3,402 monthly rent, giving about 5.0% gross yield and 3.6% net yield.
Devonport is the practical regional choice because its rents are supported by a broader local service-centre economy. For a cautious buyer, that can matter more than chasing Burnie’s highest 1-bedroom yield.
Buying real estate in Tasmania can be risky
An increasing number of foreign investors are showing interest. However, 90% of them will make mistakes. Avoid the pitfalls with our comprehensive guide.
Which areas look overpriced relative to their rental income in Tasmania?
The Tasmania areas that look most overpriced relative to rental income are Battery Point, Sandy Bay, Hobart CBD larger units, and North Hobart larger properties.
These are not bad places to live. They are weak income-return areas because purchase prices are high relative to achievable long-term rent.
Battery Point 3-bedroom property is the clearest example. The estimate is A$1.8 million purchase price and A$3,683 monthly rent, which produces only 2.5% gross yield and 1.1% net yield.
North Hobart 3-bedroom property is even weaker on yield. The estimate is A$1.625 million purchase price and A$2,873 monthly rent, creating only 2.1% gross yield and 0.8% net yield.
Hobart CBD 2-bedroom property also looks stretched, at A$907,500 purchase price, A$2,817 monthly rent, 3.7% gross yield, and 2.4% net yield. The rent is high in absolute terms, but not high enough to justify the capital required for an income buyer.
The trade-off is lifestyle and scarcity versus income return. Battery Point, Sandy Bay, Hobart CBD, and North Hobart may remain desirable, but they are weaker if the main goal is residential property rental yield in Tasmania.
Which neighborhoods should I avoid even if the rental yield looks attractive in Tasmania?
A beginner should be cautious with Burnie high-yield units, thin-sample small properties in Newstead, and regional micro-markets where a high yield may hide weaker resale liquidity.
The issue is not that these neighborhoods are automatically bad. The issue is that a high gross yield can come from a low purchase price, a small sample, older stock, or a thinner buyer pool.
Burnie 1-bedroom property looks excellent at A$220,000 purchase price, A$1,213 monthly rent, 6.6% gross yield, and 5.5% net yield. But Burnie also needs more careful exit-risk analysis than a deeper Hobart suburb.
Newstead 1-bedroom property is the highest-yield segment in the table, with 7.0% gross yield and 5.8% net yield. A beginner should still verify whether enough comparable sales exist before treating that number as a stable market benchmark.
Devonport is less risky than Burnie in the dataset because the 2-bedroom and 3-bedroom numbers look more balanced. Even so, regional units can be less liquid than practical Hobart-fringe units.
The safer approach is to treat high yield as a reason to investigate, not a reason to buy immediately. Property condition, body-corporate costs, rental demand, and resale depth can matter more than the headline number.
Which neighborhoods look risky even though the rental yield is high in Tasmania?
The Tasmania neighborhoods and segments that look risky even though the rental yield is high are Burnie, Newstead small properties, and some regional small-unit categories where the data can be thin.
The risk is not always tenant demand. The risk can also be resale liquidity, sample quality, building condition, or a narrower buyer pool when the owner wants to exit.
Burnie 1-bedroom property is the strongest simple income example outside Newstead, with 5.5% net yield. That is attractive, but a foreign individual buyer should ask whether the same property would be easy to resell during a slower market.
Newstead 1-bedroom property reaches 5.8% net yield, the highest in the dataset. The honest interpretation is that this segment deserves attention, but it also deserves verification because small-property categories can be volatile.
Moonah, Glenorchy, and New Town are safer alternatives for buyers who want strong but less fragile income. Their best net yields sit around 4.3% to 4.7%, with clearer links to Greater Hobart demand.
The practical takeaway is to prefer a slightly lower yield with deeper tenant and resale demand over a higher yield that depends on a thin local segment.
Don't lose money on your property in Tasmania
100% of people who have lost money there have spent less than 1 hour researching the market. We have reviewed everything there is to know. Grab our guide now.
What neighborhoods should I avoid when buying a rental property in Tasmania?
When buying a rental property in Tasmania, a beginner should avoid Battery Point large houses, North Hobart expensive larger stock, Hobart CBD high-priced larger units, and thin regional micro-markets unless the price is clearly discounted.
This is not a full-neighborhood ban. It is a warning that some property types in these areas do not work well for rental-income buyers.
Avoid Battery Point 3-bedroom property if the goal is yield. The estimate is A$1.8 million purchase price and only 1.1% net yield, so the investment case depends far more on lifestyle and scarcity than income.
Avoid North Hobart 3-bedroom property for pure yield. The estimate is 0.8% net yield, which is too low to compensate for ownership costs, vacancy risk, and capital tied up in the property.
Avoid Hobart CBD 2-bedroom and 3-bedroom properties if the rent does not clearly justify the price. The table shows only 2.4% net yield for 2-bedroom property and 2.1% for 3-bedroom property.
Burnie and Newstead should not be avoided completely, but they should be approached carefully. The simple beginner rule is to avoid any property where the only attractive feature is a high yield number.
Which neighborhoods are seeing rental demand weaken, and why, in Tasmania?
The neighborhoods where rental demand looks weaker in Tasmania are not necessarily entire suburbs. The weaker signals are specific segments in Launceston, North Hobart, Burnie, and expensive Hobart stock.
This distinction matters because the Tasmania residential property market is property-type specific. A 2-bedroom unit can be healthy while a larger or thinner segment in the same area looks weaker.
Launceston 1-bedroom property is estimated at A$395,000 purchase price and A$1,517 monthly rent, producing 4.6% gross yield and 3.5% net yield. That is workable, but the stronger Launceston number is the 2-bedroom property at 3.9% net yield.
North Hobart larger stock looks weak because prices are far too high relative to rent. The 3-bedroom property estimate is A$1.625 million and A$2,873 monthly rent, leaving only 0.8% net yield.
Burnie is mixed rather than uniformly weak. Its 1-bedroom and 2-bedroom properties look strong, but 3-bedroom property falls to 3.1% net yield and may carry heavier maintenance and resale risk.
The practical recommendation is to read demand by property type, not just by neighborhood name. Rental demand in Tasmania is strongest when the property is affordable, practical, easy to maintain, and suitable for a wide tenant pool.
Which neighborhoods are seeing new developments that could create stronger rental demand in Tasmania?
The Tasmania neighborhoods most likely to benefit from stronger rental demand through development, services, and urban activity are Hobart CBD, North Hobart, New Town, Glenorchy, Moonah, Kingston, Devonport, and Launceston or Newstead.
The important point is that demand-creating development is different from new supply. Jobs, hospitals, education, transport access, retail, and services deepen rental demand, while too much similar housing stock can create competition.
New Town, Glenorchy, and Moonah benefit from practical access to Hobart without the same purchase-price pressure as Sandy Bay, Battery Point, or the CBD. Their 2-bedroom net yields range from about 4.0% to 4.5%.
Kingston benefits from family and lifestyle demand south of Hobart. Its 3-bedroom property estimate is A$680,000 purchase price, A$2,643 monthly rent, and 3.4% net yield, which is more stable than exciting.
Devonport and Launceston or Newstead benefit from regional service-centre demand. Devonport 2-bedroom property produces about 4.1% net yield, while Newstead 2-bedroom property reaches about 4.5% net yield.
The final recommendation is to favor areas where development creates real tenant demand. More shops, services, jobs, and transport logic matter more than a generic new-build story.
Thinking of buying real estate in Tasmania?
Acquiring property in a different country is a complex task. Don't fall into common traps – grab our guide and make better decisions.
Which neighborhoods have become less attractive for property investors over the last 12 months in Tasmania?
The neighborhoods and segments that have become less attractive for property investors in Tasmania are Battery Point houses, Hobart CBD larger units, North Hobart 2-bedroom and 3-bedroom properties, and thin regional categories where the yield is difficult to verify.
The problem is not that these areas lack appeal. The problem is that the balance between price, rent, ownership costs, tenant depth, and resale liquidity has become less forgiving for income buyers.
Battery Point is the clearest example of a prestige market where rental income does not keep up with capital required. The 3-bedroom property estimate is A$1.8 million and only 1.1% net yield.
North Hobart’s larger property estimates are also weak for yield. The 2-bedroom property is estimated at A$800,000 and 2.6% net yield, while the 3-bedroom property is estimated at A$1.625 million and 0.8% net yield.
Hobart CBD larger units are expensive relative to rent. The 3-bedroom estimate is A$1,178,500 purchase price and A$3,350 monthly rent, producing only 3.4% gross yield and 2.1% net yield.
The practical conclusion is to avoid paying prestige prices for income assets. For rental yield, Tasmania’s more attractive opportunities are usually practical units in New Town, Moonah, Glenorchy, Devonport, and selected Launceston or Newstead segments.
Which property types are becoming harder to rent in Tasmania, and in which neighborhoods?
The property types becoming harder to justify as rentals in Tasmania are expensive larger units in inner Hobart, large prestige houses bought for yield, and thin regional small-property segments where the tenant pool is narrow.
The weakest format for pure income is usually the expensive 3-bedroom property in prestige or inner areas. It can earn a high monthly rent, but the purchase price often rises much faster than rent.
Battery Point 3-bedroom property is the clearest case, with A$3,683 monthly rent but only 1.1% net yield because the estimated purchase price is A$1.8 million. North Hobart 3-bedroom property is even weaker at 0.8% net yield.
Sandy Bay 3-bedroom property also illustrates the issue. It is estimated at A$1.1 million purchase price and A$3,250 monthly rent, producing only 3.5% gross yield and 2.0% net yield.
Smaller properties are usually easier when the location is practical. Moonah, Glenorchy, New Town, Devonport, and Newstead show stronger returns because the rent is high enough relative to the entry price.
But a small property is not automatically safe. If the sales sample is thin, the building is old, or the resale pool is narrow, the high yield may not translate into a clean investment.
Which bedroom count offers the best balance between entry price, rental yield, and tenant demand in Tasmania?
The bedroom count that offers the best balance between entry price, rental yield, and tenant demand in Tasmania is usually the 2-bedroom property.
A 2-bedroom unit or villa-style unit can serve singles, couples, downsizers, small households, and some remote workers, while staying much cheaper and easier to maintain than a 3-bedroom house.
The table shows the balance clearly. Moonah 2-bedroom property produces about 5.6% gross yield and 4.4% net yield, New Town produces about 5.7% gross yield and 4.5% net yield, and Devonport produces about 5.2% gross yield and 4.1% net yield.
Glenorchy 2-bedroom property is slightly lower but still useful, at about A$474,500 purchase price, A$2,058 monthly rent, 5.2% gross yield, and 4.0% net yield. Launceston 2-bedroom property is similar, with 5.0% gross yield and 3.9% net yield.
One-bedroom properties can produce higher headline yields, especially in Newstead, Burnie, Devonport, Moonah, and Glenorchy. The trade-off is that demand and resale depth can be thinner in some small-property segments.
Three-bedroom properties can attract longer-stay tenants, but they require more capital and can carry heavier maintenance. For a beginner foreign buyer, the cleanest Tasmania rental strategy is often a 2-bedroom property in a practical, liquid suburb.
Get the full checklist for your due diligence in Tasmania
Don't repeat the same mistakes others have made before you. Make sure everything is in order before signing your sales contract.
INSIGHTS
These insights are drawn from the Tasmania residential property rental yield dataset, with a focus on what a foreign individual buyer should understand before buying a residential property to rent out.
You’ll find even more insights in our our real estate pack about Tasmania.
- Tasmania’s best beginner yields are mostly in smaller units, not large houses. The smaller property types convert purchase price into rent more efficiently and usually carry a lighter maintenance burden.
- Newstead 1-bedroom property has the highest net yield in the dataset at about 5.8%. That number is attractive, but a buyer should verify sample depth before treating it as a fully reliable benchmark.
- Burnie 1-bedroom property is the cheapest high-yield segment, at about A$220,000 purchase price and 5.5% net yield. The trade-off is that regional resale liquidity can be weaker than in Hobart-fringe suburbs.
- Moonah gives a strong Greater Hobart yield without requiring a prestige-suburb budget. Its 1-bedroom and 2-bedroom properties are estimated at 4.7% and 4.4% net yield.
- Glenorchy is one of Tasmania’s clearest entry-price versus yield compromises. It does not have the highest single yield, but its 1-bedroom and 2-bedroom returns look practical and repeatable.
- New Town is one of the best balanced Hobart-area markets for residential rental income. The 2-bedroom estimate reaches 4.5% net yield while keeping the purchase price far below premium inner-Hobart larger stock.
- Devonport is stronger than a simple regional discount story. Its 1-bedroom and 2-bedroom property estimates are both useful, and the 2-bedroom segment gives about 4.1% net yield at a relatively accessible A$400,000 price.
- Battery Point is excellent lifestyle real estate but weak income real estate. The 3-bedroom property estimate produces only about 1.1% net yield, which is too low for a yield-focused buyer.
- North Hobart’s small properties work better than its expensive larger stock. The 1-bedroom property estimate is 4.4% net yield, but the 3-bedroom estimate drops to only 0.8% net yield.
- Hobart CBD 2-bedroom units are expensive relative to rent. A$907,500 purchase price and A$2,817 monthly rent produce only 2.4% net yield, which is weak for an income-focused investment.
- Sandy Bay 1-bedroom property is more rational than Sandy Bay 3-bedroom property. The smaller format is estimated at 3.9% net yield, while the 3-bedroom format falls to 2.0% net yield.
- Kingston suits stability more than maximum yield. Its 3-bedroom property looks more useful than its 1-bedroom property, because family and lifestyle demand are more important there than compact-unit yield.
- Launceston 2-bedroom property looks more efficient than Launceston 3-bedroom property. The 2-bedroom estimate reaches 3.9% net yield, while the 3-bedroom estimate falls to 2.6% net yield.
- South Hobart has strong rents, but entry prices are no longer cheap. Its 3-bedroom property reaches about A$3,402 monthly rent, but the net yield is still only about 3.6%.
- Gross yield should not be treated as the final answer in Tasmania. Net yield matters more because strata fees, insurance, maintenance, repairs, vacancy, letting fees, and management can reduce real income materially.
- Foreign-buyer rules can change the investment result before the property even starts earning rent. The dataset highlights an 8% foreign investor duty surcharge and temporary federal restrictions on many established dwelling purchases by foreign persons.
- The best Tasmania residential property investment is not the highest-yield line in the table. It is the property where net yield, tenant demand, property quality, resale liquidity, and legal eligibility all make sense together.
Don't sign a document you don't understand in Tasmania
Buying a property over there? We have reviewed all the documents you need to know. Stay out of trouble - grab our comprehensive guide.
OUR METHODOLOGY TO BUILD THIS TRACKER
To estimate purchase price, monthly rent, and rental yield in different Tasmania neighborhoods, we built this dataset ourselves from the ground up. We did not reuse a third-party yield dataset. We manually researched current residential sale and rental listings, then organized the data by neighborhood and property type.
For each neighborhood and property type, we collected comparable sale listings from recognized Australian property platforms such as realestate.com.au, Domain, and property.com.au. We used the property categories shown in the tracker, then compared only listings that were reasonably similar in location, bedroom count, condition, and property format.
We cleaned the sale sample manually. Duplicate listings, unrealistic asking prices, luxury outliers, distressed assets, serviced-style offers, incomplete listings, rural acreage, holiday shacks, and clearly non-comparable properties were removed before calculating the estimates.
Sale prices were normalized on a local-currency basis. We used the median price as the main reference where possible, or the average only when the sample was clean and the listings were genuinely comparable.
We then built the rental side of the dataset separately. For the same neighborhood and property type, we manually collected rental listings, removed outliers and non-comparable listings, and estimated a realistic monthly rent using the median rent where possible.
Purchase prices and rents were researched separately, then matched by neighborhood and property type. The gross rental yield was calculated as: Gross rental yield = annual rent / estimated purchase price.
To estimate net yield, we did not apply one flat discount across all Tasmania property segments. The deduction was adjusted by neighborhood and property type, reflecting differences in body-corporate or strata fees, vacancy risk, maintenance, insurance, management costs, letting fees, repairs, gardens, tax friction, and other operating costs when relevant.
For residential property markets, listed purchase prices and asking rents are not enough by themselves. We also pay attention to property type, property condition, access, building age, maintenance burden, tenant depth, time to rent, rental model, resale liquidity, and legal friction when those inputs are available in the raw data.
Each estimate receives a confidence level based on the quality and size of the comparable listing sample. A sample of 30 to 40 comparable listings means higher confidence. A sample of 20 to 30 comparable listings means usable but less robust. Fewer than 20 comparable listings means directional only, unless the comparable area is widened.
The tracker uses our manually built dataset as the factual authority. Public listing portals can help cross-check current market context, but they do not override the yield figures shown in the tracker.
These estimates are updated regularly and should be read as structured market estimates, not guarantees of future rental income. 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.
Related blog posts