Hobart Market Update 2 nd H a l f 2 0 2 5
FUTURE DEVELOPMENTS
OVERVIEW
In Q2 2025, Hobart* recorded a median house price of $930,000 and a median unit price of $680,000. This represents an annual (Q2 2024 – Q2 2025) stable price growth for houses and a slight softening of -1.0% for units. Comparing Q2 2024 and Q2 2025, total sales surged by 12.9% (to 149 sales in Q2 2025) for houses and grew by 12.8% (to 97 sales in Q2 2025) for units. This suggest that although there is a high demand for properties, higher interest rates have also impacted the market. This indicates that now is an ideal time for buyers to enter the market. There are several new houses and units planned to commence in 2025, which can assist with ensuring a more sustainable price growth; further benefitting buyers.
CHANGE FROM LAST
YEAR
Hobart£ will see approx. $671.2M of new projects commence construction in 2025. Mixed-Use
Commercial
$47.0M
$57.9M
HALF YEAR
HOUSE SALE S HOUSE ME DIAN PRICE
Infrastructure $554.8M
HOUSE RE NTAL PRICE
UNIT SALE S
UNIT RE NTAL PRICE
A key focus on infrastructure projects will stimulate the economy through job creation during and post construction phases, as well as improve liveability for residents. This can attract more people to live in Hobart, which can result in a more demand for housing.
$
There are quite a few mixed use & residential projects due to commence construction in 2025; including:
UNIT ME DIAN PRICE
MARKET CONDITIONS MEDIAN PRICE Q2 2025
$930K
$680K
MEDIAN PRICE Q2 2025
$620
SALES
AVERAGE DAYS ON MARKET Q2 2025
61
72
HOUSE
U N I T
RENTALS
$508
•
20 Barrack Street (56 Apartments)
•
199 Macquarie Street & 49 Molle Street Hobart (45 Dwellings)
•
227-229 Liverpool Street Mixed Use (2 townhouses & 1 apartment)
•
The Orchard North Hobart Apartments (8 apartments)
This projects will assist in answering current demand for houses and units.
AVERAGE DAYS ON MARKET Q2 2025
19
20
HOUSE
U N I T
2 Townhouses
108 Units/ Apartments
52 Dwellings