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Regional Tasmania Residential Autumn/26
Economy
Residential sales
Regional Tasmania recorded a higher number of residential sales over the past year Sales trended up 12% with a total of 6,385 transactions in the year ending Q4/25, outpacing the five year annual average of 6,207 sales A change in sales activity can be influenced by interest rates, economic confidence, housing supply, government policies, and shifting population trends that affect buyer demand and market conditions Isolating the 1,482 sales in the Q4/25 quarter, this was 4% above the previous quarter, whilst higher than the 1,372 five year quarterly average
Share of state annual sales
Regional Tasmania made up 63% of the total number of annual residential sales recorded in Tasmania at the end of Q4/25 This was similar to one year ago when the proportion was 63%, whilst below the 65% share recorded five years ago A change in residential sales activity over the year to Q4/25 saw Regional Tasmania (+12%) outpacing Hobart (+10%)
Rolling tally of annual residential sales
Regional Tasmania
Share of state annual sales, by number
Regional Tasmania
Regional Tasmania, Q4/25 by Local Government Area
Duration -7 days
Regional Tasmania homes are taking less time to sell than one year ago Residential homes averaged 47 days on market in Q4/25, from the time they were listed, to the day they went under contract This average duration was 48 days the quarter before (-1 day) and 54 days one year ago (-7 days). A lower number of days on market typically indicates that homes are selling more quickly, often reflecting strong buyer demand and well priced, desirable properties In contrast, a higher number of days on market may signal slower buyer activity or that homes are priced above current market expectations Looking back over the past five years, it has taken 37 days on average, to sell a home.
Average days on the market
Less Regional Tasmania homes have been newly listed for sale than this time last year. Newly advertised listings in Regional Tasmania were 1 3% lower in the month of December 2025 than the equivalent period last year, according to Cotality This change in new listings trended below the Australian average of 0 6% and below the -0 2% across Australian capital cities
Overall, the total number of homes listed for sale in Regional Tasmania is down on last year. Regional Tasmania's total number of listings in the month of December 2025 were 17.3% below the equivalent period last year, according to Cotality By comparison, the Australian average change for total listings was -14 0% and across Australian capital cities was -13 8%
by Local Government Area
Regional Tasmania, Q4/25
Regional Tasmania residential property prices have trended higher than a year ago Prices across Regional Tasmania rose by 6 0% in the year ending Q4/25, with a 2 7% increase recorded in the most recent quarter As a result, the median residential value reached $576,500. Residential values shift with changes in interest rates, supply and demand, economic conditions, population trends and local infrastructure which influences market appeal and buyer capacity Annual residential price growth has averaged 11 1% over the past five years
Looking ahead, Regional Tasmania residential prices are likely to rise over the coming year McGrath Research forecast Regional Tasmania residential property prices to increase by 5% at the end of 2026, followed by a further 3% rise in 2027 Residential price forecasts consider interest rates, the balance of supply and demand, economic conditions, population trends and local infrastructure which shapes affordability, demand and market direction.
Forecast
Regional Tasmania, Q4/25 by Local Government Area
Residential rents
Vacancy
1.6%
The number of residential rental homes in Regional Australia is currently undersupplied Regional Australia rental vacancy was recorded at 1 6% at the end of Q4/25, rising 13 bps in the quarter whilst rising 10 bps over the past year. Generally, around 3% vacancy is considered a balanced market between rental supply and demand. Below this equilibrium is considered to be an undersupplied pool of rental homes, which places upwards pressure on weekly rents For the past five years, Regional Australia residential rental vacancy has averaged 1 4%
Yield -7 bps
Regional Tasmania gross rental yields have trended lower over the past year Residential yields lifted 1 bp in the Q4/25 quarter to be 4.53% across Regional Tasmania, whilst 7 bps lower compared to a year ago A yield pushing beyond 5% is more desirable for investment properties located in regional areas, while below this, tends to show higher property values relative to rental income Regional Tasmania gross rental yields have averaged 4 61% over the past five years
Residential rental vacancy
Regional Australia
from a year ago
Gross rental yield
Regional Tasmania
Residential rents Update
Tracking average weekly rents Regional Tasmania Average weekly rent
Residential rents across Regional Tasmania trended above the weekly rate recorded a year ago Regional Tasmania rents rose 1 1% in Q4/25, whilst increasing 3 4% over the past year, to stand at $455 per week Rent changes are driven by rental supply, tenant demand, migration trends, economic conditions and investor activity which together impact the vacancy rate For the past five years, Regional Tasmania rents grew an average 6.7% per annum.
Rental outlook +7%
The Regional Tasmania residential market is continuing to experience upward pressure on weekly rents McGrath Research forecast Regional Tasmania rents to rise 7% at the end of 2026, with a further 5% rise likely in 2027 Rental forecasts take into consideration new and existing supply levels, tenant demand, population changes, economic conditions and local infrastructure all which can influence vacancy rates, rental pressure and future rental growth
Forecast for average rents Regional Tasmania
Local Government Area
Regional Tasmania, Q4/25
Definitions
Regional Tasmania
Regional Tasmania refers to the area outside of ‘Greater Hobart’ or ‘Rest of State’ for Tasmania as defined by the Australian Bureau of Statistics.
Interest rate target
The cash rate target is the interest rate set by the Reserve Bank of Australia to influence borrowing costs, economic activity, and inflation across the economy
Economic growth
Economic growth is the rise in a country’s production of goods and services over time, reflecting how much the economy is expanding
Unemployment
The unemployment rate measures the share of people in the labour force who are willing and able to work but currently without employment
Duration
The length of time a property spends on the market from listing to exchange, with the duration measurement represented as being number of days.
Average price
Average price is the calculation of prices or values divided by the number of properties It represents the overall price level across a market and is useful for tracking trends over time
Yield
Gross rental yield is the annual rental income of a property divided by its market value, showing the return before expenses.
Local Government Area
A Local Government Area (LGA) is a defined geographic region administered by a local council responsible for community services, planning, and local regulations.
To be included in this publication, each regional LGA was required to have at least 2,500 residential dwellings within its council boundary This threshold helps ensure that the area provides a sufficiently robust and reliable sample size for meaningful analysis
Population growth
Population growth increases the number of people needing homes, boosting housing demand and influencing supply, prices, and future development needs
Sales
Sales of residential homes refers to the number of houses or apartments sold within a specific area and time period, most commonly being reported within the quarter or year
Listing
New listings are recently advertised homes, while total listings represent all properties currently for sale in the housing market at a given time.
Vacancy
Total residential vacancy refers to the proportion of rental properties unoccupied and available for tenants at a specific point in time
Average weekly rent
Average weekly rent is the calculation of rentals divided by the number of properties It represents the overall rent level across a market and is useful for tracking trends over time.
Guiding you home
Michelle Ciesielski National Head of Research, McGrath Research
www.mcgrath.com.au/research
