M:
Research
Spring/25 Hobart Residential
The Big Picture The cut to mortgage rates is expected to support Hobart’s property market by improving affordability and encouraging buyer activity, especially amid ongoing supply constraints.
Hobart’s property prices continued to rise in Q2 2025, with the median value reaching $699,500. Strong demand, limited supply, and improving confidence are expected to drive further growth through 2026.
The property market slowed in Q2 2025, with fewer sales and longer selling times, reflecting cautious lending and buyer hesitation. Listings dropped sharply, suggesting limited supply and a more selective market environment.
The rental market remains extremely tight, with vacancy at just 0.4%. Yields are strong, and limited supply alongside steady demand is expected to keep upward pressure on rents.