Tasmania’s property market remains one of Australia’s most dynamic in 2025 — with affordability, lifestyle appeal, and legislative support driving demand.

📊 Market Overview

• i) Hobart saw median house prices around A$897K, with a modest decline in Q4 2024, yet sales surged by 41% year-on-year 

• ii) Regional Tasmania outperformed, rising 3.6% in 2024 with a median price of A$523K 

• iii) Investor activity jumped 3.5%, led by interstate interest encouraged by Tasmania's affordability.
  
  
  

  🌍 Key Market Drivers

  
  

  i) First Home Buyer Boost:

        a) Grants increased to A$30K, now stackable with shared-equity MyHome schemes—supercharging new-build  demand 

  ii) Housing Supply & Vacancy Pressures:

        a) Hobart vacancy rates under 1%; construction lagging with only 14,300 starts vs a target of 25,600 .

  iii) Lifestyle Migration:

        a) Tasmania appeals to buyers from mainland capital cities seeking relaxed living and value .

  iv) Infrastructure & Developments:

       a) Over A$1.1B invested in projects like Macquarie Wharf and transport corridors, reshaping urban value .

  v) Regional Hotspots :

       a) Standouts include Burnie (+8.9%), Ulverstone (+6.6%), Devonport (+2.5%), Launceston (+2.4%) 

       b) Suburbs like Kingston, North Hobart, Bellerive, and Primrose Sands are being highlighted as growth

       leaders 

  
  

  ⚠️ Risks & Considerations

  
  

  • i) Market Correction in Hobart: Slight price decline, particularly in unit stock; sellers need to price smart .

  • ii) Supply Shortfall: Underbuilding is limiting options, potentially driving competition further .

  • iii) Affordability Constraints: While housing remains more affordable, Tasmanians face lower incomes and high rental pressure.
    
    
    
    

  📈 Outlook & Strategy

  • • 
      i)  Price forecast: Stable growth expected across Hobart (2–4%) and stronger increases in regional hubs (5–9%) .

    • ii) Investor advice: Consider coastal/regional towns (Burnie, Ulverstone, Devonport) and suburbs near Hamilton Road transport and Hobart CBD fringe.

    • iii) First-home buyers: Stack the new A$30K grant with MyHome equity, especially for new-builds in Kingston or Brighton.

    • iv) Sellers: With price sensitivity in Q1 2025, presentation and pricing are critical to attract buyers quickly.

    
     
    

  ✅ Summary
  a) Tasmania’s 2025 property market is a mix of modest metropolitan softening and robust regional performance.

  b) For investors and buyers, regional and coastal pockets offer high-growth potential.

  c) For sellers, the timing is key—get listed and priced right.