Greater Hobart Property Market: Rising Sale Prices and Early 2026 Outlook
Greater Hobart’s property market continues to demonstrate steady growth in sales prices, reflecting ongoing demand and renewed buyer confidence. Understanding these trends is essential for anyone looking to buy, sell, or invest in the region.
Recent Price Trends
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Dwelling values in Greater Hobart have been increasing consistently throughout 2025, with median house prices sitting over $720,000 as of early 2026.
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CoreLogic data shows an annual growth of around 6–7%, indicating that the market is steadily recovering and strengthening after earlier periods of slower activity.
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Most suburbs in Greater Hobart have recorded modest but consistent price growth, not limited to premium areas, showing broad market strength.
Key Drivers of Growth
Several factors are supporting the ongoing rise in property values:
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Supply Shortages – Limited property listings across many suburbs continue to place upward pressure on prices.
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Low Vacancy Rates – The tight rental market keeps investor demand high, reinforcing property values.
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Renewed Buyer Confidence – Adjustments in interest rates and government support schemes have encouraged both owner-occupiers and investors to re-enter the market.
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Affordability Compared to Larger Cities – Hobart remains an attractive alternative for interstate buyers seeking value, further boosting demand.
Outlook for Q1 2026
Looking ahead to the first quarter of 2026, market indicators suggest continued but measured growth:
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Median prices are expected to rise modestly, likely between 2–4% in the early months of 2026, depending on buyer activity.
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Seasonal demand typically increases in Q1 as buyers return after summer, which may contribute to slight upward pressure on prices.
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Investor interest remains steady, particularly in suburbs with strong rental yields and infrastructure improvements.
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Affordability pressures will likely slow growth compared with previous years, keeping the market balanced rather than overheated.
What This Means for Buyers, Sellers, and Investors
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Sellers: Current conditions support confidence, particularly in suburbs with limited stock.
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Buyers: While prices are rising, early 2026 still offers opportunities to purchase before further annual increases.
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Investors: Steady growth and a strong rental market make Hobart attractive for long-term investment.
If you are thinking of selling or buying in 2026, contact us today to discuss how we can help. We offer honest appraisals, tailored marketing - all grounded in a deep understanding of the Tasmanian market,
Book a chat today and let's discuss your property goals.