M:
Research
Summer 25/26 Hobart Residential
Headlines Hobart counted 0.4% more people in the last year reported, being well below of the 1.0% long term forecast.
Hobart residential property sales are trending down, average selling times are shorter, whilst both new listings to market and overall total listings are tracking below a year ago.
Interest rate target remained steady at 3.60%, but may be adjusted in 2026 as the RBA continues to monitor the impact of inflation.
Property prices across Hobart rose 7.3% in the past year, with further 4% price growth forecast for 2026.
Tasmania’s construction of new homes was down 14.3% compared to a year ago, with building approvals 1.0% lower. Building costs were 5.5% higher (WT).
Hobart rental market remains undersupplied, with residential vacancy at 1.7%. Rents are likely to remain elevated in 2026 with a further rise of 5%.