Hobart Market Update 1 st H a l f 2 0 2 6
FUTURE DEVELOPMENTS
OVERVIEW
In Q4 2025, Hobart* recorded a median house price of $1,012,500, and a median unit price of $651,000. This is an annual (Q4 2024 – Q4 2025) price growth of 4.7% for houses and 13.4% for units. Between Q4 2024 – Q4 2025 total sales increased, by 37.1% (to 170 for houses in Q4 2025) and by 1.2% for units (to 86 sales in Q4 2025). There is high demand for properties, due to reduced and stable interest rates. Now is an ideal opportunity for owners to capitalise on their investment. There are a few residential projects planned in 2026, which will assist with supply. But the number houses due are still below Q4 2025 sales, suggesting further price growth is likely.
CHANGE FROM LAST
YEAR
Hobart will see approximately $1.8B of new developments due to commence construction in 2026.
Mixed Use $191.3M
HALF YEAR
Residential $8.1M
HOUSE SALE S
Infrastructure
HOUSE ME DIAN PRICE
$1.5B
HOUSE RE NTAL PRICE
UNIT SALE S
A key focus on infrastructure projects will stimulate the economy through job creation during the construction phase, as we as improve livability for residents. This can attract more people to live in Hobart, thus higher demand for stock.
UNIT ME DIAN PRICE UNIT RE NTAL PRICE
There are quite a few residential and mixed-use projects bringing new stock to Hobart. These include:
$
•
MARKET CONDITIONS
46-52 New Town Road Mixed Use Development (23 Apartments)
•
SALES
199 Macquarie Street & Molle Street Dwellings (45 Dwellings)
•
55 Hampden Road & South Street (13 Units & 4 Townhouses)
MEDIAN PRICE Q4 2025
$1.0M
$651K
MEDIAN PRICE Q4 2025
$650
AVERAGE DAYS ON MARKET Q4 2025
42
50
HOUSE
U N I T
RENTALS
$500
The incoming supply of ready-to-go residential and mixed-use projects will aid in answering current high demand and create a more sustainable price growth environment in the long-term.
AVERAGE DAYS ON MARKET Q4 2025
16
17
HOUSE
U N I T
7 Townhouses
86 Units/ Apartments
45 Dwellings