Tasmania has a population of 509,956 people and 23.11% of its occupants live in rental accommodation. The median listing price for houses is $580,000 and this has changed 26.08% over the past year and changed 45.00% over 2 years.

The median rent in for houses is $450 per week and the median rental yield is 4.03%. T

Tasmania House Prices

Tasmania is a very desirable place to live. This increased demand for property is reflected in Tasmania’s house prices, which have been steadily increasing over the past few years.

Affordability is a major issue in Tasmania, with the ratio of house prices to incomes being among the highest in the country. This is a particular problem for first home buyers and low-income earners who are being priced out of the market.

The typical house in the Tasmania have seen plateaus with no significant movement other than up over the past 10 years. Price growth accelerated since the last quarter of 2019, with typical prices for houses aiming to reach the $800,000 mark. The TAS units increased to an all-time high of $657,000 in 2022.

Tasmania Rental Prices

Rental prices vary depending on the location within Tasmania. Hobart is the most expensive city to live in, followed by Launceston and Devonport.

In general, prices are higher in the capital city of Hobart, and in coastal areas. Holiday rentals are usually more expensive than regular rentals.

Median weekly rent prices for houses in TAS have been on a steady increase since 2015 and plateaued at $443pw in 2021-2022. Rent prices for units have increased steadily over the years and are now at $427pw.