12/08/2026
🥰
Nestled along the River Derwent beneath the iconic Mount Wellington, Hobart blends rich history with modern convenience, offering a unique lifestyle that appeals to families, professionals and investors alike.
Here’s the latest snapshot:
🏠 Median house price: $1,012,500; up 4.7% YoY
🏢 Median unit price: $651,000; up 13.4% YoY
📈 Sales volumes: House sales up 37.1% (170 sales), unit sales up 1.2% (86 sales), highlighting strong demand across both markets
🏗️ New projects: Residential projects commencing in 2026 include 86 units, 7 townhouses and 45 dwellings
🏡 Supply outlook: While new stock is planned, the number of houses remains below current demand levels
💸 Rental performance: Houses yielding 3.2%; median rent up 4.8% YoY to $650 per week
📉 Rental volumes: House rentals down 9.9% (192 rentals), signalling an undersupplied rental market
📈 Vacancy rate: Just 0.7%, well below the REIA's healthy benchmark of 3.0%.
With solid price growth, tight rental conditions and continued buyer demand, Hobart remains an attractive market for both homeowners and investors, particularly as new supply struggles to keep pace with demand.
👉 Access to the full Hobart Market Update: https://tinyurl.com/Hobart-Market-Update
PRD Hobart
