Hobart offers superior affordability and lifestyle
Hobart has a reputation for being a vibrant food and culture destination, with a beautiful coastline and fascinating history. Now the Tasmanian capital may be about to earn another label – the home of a comparatively affordable housing market.
As discussed in the McGrath Report 2025, softening median home values meant Hobart finished FY24 as the second most affordable capital city in Australia, according to CoreLogic data, and the only capital to record a median dwelling price fall over the financial year.
Median house values fell 0.3% to $691,339 in the year to June 30, 2024, while apartment values rose 0.8% to $532,172, according to CoreLogic data.
What’s more, Hobart’s 28.1% dwelling price increase since the start of the pandemic to June 2024 may at face value seem impressive, but in fact represents the second lowest increase of any capital city during this period.
It was a slightly better situation in the state’s regions where there was a 0.7% median dwelling jump in FY24, but this was well below the price increase in most other Australian regional areas.
Meanwhile, rental yields in Hobart and regional Tasmania finished FY24 at a healthy 4.3% and 4.5%, respectively, with both areas recording yields higher than the national average.
The modest median dwelling price changes, strong rental returns and high stock levels tracking at 46% above average, according to CoreLogic data, means Hobart and regional Tasmania have become attractive propositions for buyers looking for value and returns, in great lifestyle locations.
This is particularly the case for new entrants, who in May 2024 made up just under one third of Tasmania’s residential property buyers.
From February 18, 2024, eligible first home buyers have been able to avoid paying stamp duty altogether on established homes valued at $750,000 or less. This is saving them $28,900.
Despite inflation and mortgage rates weighing heavily on everybody’s minds across the country, there is a sense of optimism in Tasmania with a couple of major construction projects underway.
The new Bridgewater Bridge will make moving between Hobart and the regions to the north easier, in particular the suburbs of Granton on the southern end of the bridge and Bridgewater to the north, which will benefit from improved commuter links to Central Hobart.
In the state’s north, Launceston has a growing cultural and gastronomic profile. There was a 2.7% drop in median house values to $535,000 in the year to June 30, 2024. Median apartment values performed better with a 2.3% rise to $440,000.
The silver lining, of course, is for buyers who can now nab a bargain in Launie (as the locals call it).
Devonport is bracing itself for a development boom. A $240 million port upgrade will see a 40% increase in freight capacity and 72,000 additional visitors each year by 2031, according to TasPorts.
This will boost the local economy, making Devonport a more desirable place in which to live and invest. Median house values held steady at $485,000 in the year to June 30, 2024, while apartment values held on at $386,250, according to CoreLogic data.
John McGrath CEO & FOUNDER
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13 Peter Crescent, Batehaven Land FOR SALE
Price Guide $499,000
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Agent Greig McFarlane 0412 725 505
5 St Clair Street, Bowral
5 beds 3 baths 6 cars FOR SALE
Price Guide On Request
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Agent Anne Stone 0414 457 868
Brittany Kelly 0411706802
48/9 Kangaloon Road, Bowral 3 beds 2 baths 2 cars FOR SALE
Price Guide $1,495,000
View as advertised or by appointment
Agent Dianna Reiche 0497 112 455
408 Beach Road, Batehaven Land
Price Guide $1,500,000
View as advertised or by appointment
Agent Luke Allan 0412 159 593
Kylie Allan 0415 980 330
18/26 Loftus Street, Bowral 2 beds 1 bath 1 car FOR SALE
Price Guide $550,000 - $575,000
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Agent Anne Stone 0414 457 868
Brittany Kelly 0411706802
7/1 Cliff Street, Bowral 3 beds 2 baths 2 cars FOR SALE
Price Guide On Request
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Agent Hayley Sneddon 0432 960 960
115 Merrigang Street, Bowral 3 beds 2 baths 3 cars FOR SALE
Price Guide $1,900,000
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Agent Anne Stone 0414 457 868
55 Isabella Way, Bowral 4 beds 2 baths 2 cars FOR SALE
Price Guide $1,250,000 - $1,325,000
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Agent Anne Stone 0414 457 868
Brittany Kelly 0411706802
153 Bowral Street, Bowral 4 beds 2 baths 2 cars FOR SALE
Price Guide $1,995,000
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Agent Hayley Sneddon 0432 960 960
19 Myrtle Street, Bowral
4 beds 3 baths 1 car FOR SALE
Price Guide $1,500,000
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Agent Anne Stone 0414 457 868
Brittany Kelly 0411706802
5 Sir James Fairfax Circuit, Bowral 3 beds 1 bath 2 cars FOR SALE
Price Guide On Request
View as advertised or by appointment
Agent Anne Stone 0414 457 868
Brittany Kelly 0411706802
20 Greasons Road, Bundanoon 3 beds 2 baths 3 cars FOR SALE
Price Guide $1,475,000 - $1,540,000
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Agent Anne Stone 0414 457 868
Brittany Kelly 0411706802
15 Carisbrooke Row, Bowral 5 beds 4 baths 8 cars FOR SALE
Price Guide On Request
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Agent Hayley Sneddon 0432 960 960
1 Ardross Avenue, Bundanoon 4 beds 2 baths 2 cars FOR SALE
Price Guide $1,425,000
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Agent Anne Stone 0414 457 868
Brittany Kelly 0411706802
39 Brigadoon Drive, Bundanoon
4 beds 2 baths 2 cars FOR SALE
Price Guide $1,975,000
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Agent Hayley Sneddon 0432 960 960
4/10 Park Road, Bowral 3 beds 1 bath 1 car FOR SALE
Price Guide $850,000 - $870,000
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Agent Anne Stone 0414 457 868
Brittany Kelly 0411706802
10 Heritage Drive, Bundanoon 5 beds 4 baths 3 cars FOR SALE
Price Guide On Request
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Agent Anne Stone 0414 457 868
Brittany Kelly 0411706802
29 Osborne Road, Burradoo 4 beds 2 baths 1 car FOR SALE
Price Guide $2,370,000 - $2,600,000
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Agent Anne Stone 0414 457 868
Dianna Reiche 0497 112 455
12 Sutherland Park Drive, Burradoo 4 beds 2 baths 2 cars FOR SALE
Price Guide On Request
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Agent Anne Stone 0414 457 868
Dianna Reiche 0497 112 455
52 Macquarie Drive, Burrill Lake
4 beds 2 baths 2 cars
FOR SALE
Price Guide
$1,350,000
View as advertised or by appointment
Agent Andrea Tucker 0402 487 887
Kirsty Schultz 0429 433 526
28 Oakwood Way, Catalina Land FOR SALE
Price Guide $339,000
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Agent Luke Allan 0412 159 593
Kylie Allan 0415 980 330
4 Wallaroy Drive,
Land FOR SALE
Price Guide $680,000
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Agent Kirsty Schultz 0429 433 526
102 Canberra Crescent,
FOR SALE
Price Guide $450,000 - $495,000
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Agent Jessica Parker 0455 590 004
Kirsty Schultz 0429 433 526
3 Emerald Court, Colo Vale
4 beds 2 baths 4 cars FOR SALE
Price Guide $1,395,000
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Agent Dianna Reiche 0497 112 455
1/20 Wuru Drive, Burrill Lake 2 beds 1 bath 2 cars FOR SALE
Price Guide $650,000
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Agent Kirsty Schultz 0429 433 526
51 Albatross Road,
Land FOR SALE
Price Guide $229,000
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Agent Greig McFarlane 0412 725 505
2 Stewart Street, Conjola Park
4 beds 3 baths 2 cars FOR SALE
Price Guide $1,675,000
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Agent Tracy Creasy 0438 773 667
Burrill Lake
Burrill Lake Land
Catalina
4 Hayward Street, Conjola Park 3 beds 2 baths 2 cars FOR SALE
Price Guide $1,450,000
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Agent Tracy Creasy 0438 773 667
63 Seaside Parade, Dolphin Point
3 beds 2 baths 1 car FOR SALE
Price Guide $1,600,000
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Agent Kirsty Schultz 0429 433 526
898 Nowra Road, Fitzroy Falls
3 beds 4 baths 5 cars FOR SALE
Price Guide On Request
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Agent Hayley Sneddon 0432 960 960
7 Coolibah Avenue, Conjola Park Land FOR SALE
Price Guide On Request
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Agent Kirsty Schultz 0429 433 526
22 Ringwood Road, Exeter
3 beds 1 bath FOR SALE
Price Guide $1,295,000
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Agent Anne Stone 0414 457 868
Brittany Kelly 0411706802
1 Centre Street, Lake Tabourie
3 beds 2 baths 1 car FOR SALE
Price Guide $800,000
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Agent Andrea Tucker 0402 487 887
Tracy Creasy 0438 773 667
412A Croobyar Road, Croobyar
3 beds 1 bath 8 cars FOR SALE
Price Guide $1,650,000
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Agent Kirsty Schultz 0429 433 526
48 Manning Lookout Road, Fitzroy Falls 5 beds 3 baths 2 cars FOR SALE
Price Guide On Request
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Agent Anne Stone 0414 457 868
Brittany Kelly 0411706802
94 Yugura Street, Malua Bay 1 bed 1 bath 1 car FOR SALE
Price Guide $2,350,000
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Agent Luke Allan 0412 159 593
Kylie Allan 0415 980 330
25 Sunset Strip, Manyana 4 beds 2 baths 1 car FOR SALE
Price Guide
$3,500,000 - $3,800,000
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Agent Kirsty Schultz 0429 433 526
15 Payten Avenue, Milton 5 beds 3 baths 2 cars FOR SALE
Price Guide
$1,350,000 - $1,450,000
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Agent Andrea Tucker 0402 487 887
Tracy Creasy 0438 773 667
19 Southey Street, Mittagong 4 beds 2 baths 1 car FOR SALE
Price Guide
$1,350,000 - $1,400,000
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Agent Anne Stone 0414 457 868
Brittany Kelly 0411706802
15 The Rampart, Manyana 3 beds 1 bath 3 cars FOR SALE
Price Guide $1,400,000 - $1,500,000
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Agent Kirsty Schultz 0429 433 526
9 Leopold Street, Mittagong 4 beds 2 baths 1 car FOR SALE
Price Guide $1,299,000
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Agent Anne Stone 0414 457 868
Brittany Kelly 0411706802
5 Huntingdale Drive, Mollymook Land FOR SALE
Price Guide $800,000
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Agent Kirsty Schultz 0429 433 526
FOR SALE
Price Guide $550,000
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Agent Kirsty Schultz 0429 433 526
11 Murchison Street, Mittagong 4 beds 2 baths 5 cars FOR SALE
Price Guide On Request
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Agent Anne Stone 0414 457 868
Brittany Kelly 0411706802
28 Davies Street, Mollymook 4 beds 3 baths 1 car FOR SALE
Price Guide On Request
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Agent Andrea Tucker 0402 487 887
Kirsty Schultz 0429 433 526
Lot 610 Melville Place, Milton Land
3 - 5 Shepherd Street, Mollymook Land
SALE
Price Guide On Request
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Agent Andrea Tucker 0402 487 887
24A Molloy Street, Mollymook Land
SALE
Price Guide On Request
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Agent Anne Stone 0414 457 868
19 Nethercote Street, Mollymook
3 beds 2 baths 3 cars
SALE
Price Guide $1,250,000
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Agent Andrea Tucker 0402 487 887
beds 5 baths 2 cars
SALE
Price Guide On Request
View as advertised or by appointment
Agent Andrea Tucker 0402 487 887
Tracy Creasy 0438 773 667 17 Shipton Crescent, Mollymook
35 Clyde Street, Mollymook Beach
4 beds 2 baths 2 cars
SALE
Price Guide $1,795,000 - $1,850,000
View as advertised or by appointment
Agent Andrea Tucker 0402 487 887
Tracy Creasy 0438 773 667
22 Combe Drive, Mollymook Beach
6 Treetops Crescent, Mollymook Beach 3 beds 2 baths 2 cars
SALE
Price Guide $1,350,000 - $1,485,000
View as advertised or by appointment
Agent Andrea Tucker 0402 487 887
Kirsty Schultz 0429 433 526 Lot 38, Bishop Drive, Mollymook Beach Land
Price Guide $475,000 $655,000
View as advertised or by appointment
Agent Andrea Tucker 0402 487 887
4 beds 2 baths 2 cars
SALE
Price Guide $930,000
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Agent Tracy Creasy 0438 773 667
5 Cliff Avenue, Mollymook Beach 2 beds 1 bath 1 car
EXPRESSIONS OF INTEREST
Price Guide On Request
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Agent Andrea Tucker 0402 487 887
18 Donlan Road, Mollymook Beach 4 beds 2 baths 3 cars
EXPRESSIONS OF INTEREST
Price Guide On Request
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Agent Tracy Creasy 0438 773 667
Andrea Tucker 0402 487 887
27 Hoskins Street, Moss Vale 3 beds 1 bath 2 cars
FOR SALE
Price Guide $995,000 - $1,050,000
View as advertised or by appointment
Agent Anne Stone 0414 457 868
Brittany Kelly 0411706802
114 Seaspray Street, Narrawallee 8 beds 4 baths 2 cars
FOR SALE
Price Guide $1,600,000 - $1,700,000
View as advertised or by appointment
Agent Andrea Tucker 0402 487 887
Tracy Creasy 0438 773 667
Lot 1,2,3,15,16,17,19,20,21, 11
FOR SALE
Price Guide $475,000 - $600,000
View as advertised or by appointment
Agent Andrea Tucker 0402 487 887
15 Villiers Road,
4 beds 3 baths 2 cars FOR SALE
Price Guide $1,250,000
View as advertised or by appointment
Agent Anne Stone 0414 457 868
Brittany Kelly 0411706802
275B Matron Porter Drive, Narrawallee 3 beds 3 baths 7 cars FOR SALE
Price Guide $2,900,000
View as advertised or by appointment
Agent Andrea Tucker 0402 487 887
8 Evans Street, Moruya 4 beds 1 bath 2 cars
FOR SALE
Price Guide $749,000
View as advertised or by appointment
Agent Luke Allan 0412 159 593
Kylie Allan 0415 980 330
13 Callemondah Close, Narrawallee 4 beds 2 baths 2 cars
FOR SALE
Price Guide $1,500,000
View as advertised or by appointment
Agent Kirsty Schultz 0429 433 526
Lot 43, McCardys Creek Road, Nelligen Land
FOR SALE
Price Guide $529,000
View as advertised or by appointment
Agent Luke Allan 0412 159 593
Kylie Allan 0415 980 330
Matron Porter Dr, Mollymook Beach Land
Moss Vale
1121 Kings Highway, Nelligen
4 beds 2 baths 2 cars
FOR SALE
Price Guide $1,300,000 - $1,375,000
View as advertised or by appointment
Agent Luke Allan 0412 159 593
Kylie Allan 0415 980 330
5 Amaroo Drive, Rosedale Land
FOR SALE
Price Guide $425,000
View as advertised or by appointment
Agent Luke Allan 0412 159 593
Kylie Allan 0415 980 330
7 beds 4 baths
FOR SALE
Price Guide On Request
View as advertised or by appointment
Agent Anne Stone 0414 457 868
Brittany Kelly 0411706802
650 Pomeroy Road, Pomeroy 6 beds 4 baths 4 cars
FOR SALE
Price Guide $469,000
View as advertised or by appointment
Agent Luke Allan 0412 159 593
Kylie Allan 0415 980 330
460 Beach Road, Sunshine Bay
5 beds 4 baths 4 cars
FOR SALE
Price Guide $1,150,000 - $1,250,000
View as advertised or by appointment
Agent Greig McFarlane 0412 725 505
Lot 8 Old Coach Road, Termeil
EXPRESSIONS OF INTEREST
Price Guide $1,290,000
View as advertised or by appointment
Agent Andrea Tucker 0402 487 887
FOR SALE
Price Guide On Request
View as advertised or by appointment
Agent Anne Stone 0414 457 868
27 Tasman Street, Surf Beach 4 beds 1 bath 1 car
FOR SALE
Price Guide $735,000
View as advertised or by appointment
Agent Luke Allan 0412 159 593
Kylie Allan 0415 980 330
25 Oceanview Way, Tomakin Land
FOR SALE
Price Guide $800,000
View as advertised or by appointment
Agent Luke Allan 0412 159 593
Kylie Allan 0415 980 330
Lot 320, Bay Ridge Dr, North Batemans Bay Land
’Old Daffodil Farm’ 8 & 10 Conflict St, Sutton Forest
2162 George Bass Drive, Tomakin Land FOR SALE
Price Guide $1,650,000
View as advertised or by appointment
Agent Luke Allan 0412 159 593
Kylie Allan 0415 980 330
1 Osrick Avenue, Ulladulla
4 beds 3 baths 4 cars FOR SALE
Price Guide $1,299,000
View as advertised or by appointment
Agent Tracy Creasy 0438 773 667
1 Willunga Close, Ulladulla
3 beds 2 baths 1 car FOR SALE
Price Guide $820,000
View as advertised or by appointment
Agent Kirsty Schultz 0429 433 526
Andrea Tucker 0402 487 887
23 Oceanview Way, Tomakin Land FOR SALE
Price Guide $820,000
View as advertised or by appointment
Agent Luke Allan 0412 159 593
Kylie Allan 0415 980 330
66 South Street, Ulladulla
3 beds 2 baths 2 cars
EXPRESSIONS OF INTEREST
Price Guide $1,400,000
View as advertised or by appointment
Agent Andrea Tucker 0402 487 887
198 Green Street, Ulladulla
3 beds 1 bath 2 cars FOR SALE
Price Guide $680,000
View as advertised or by appointment
Agent Kirsty Schultz 0429 433 526
Jessica Parker 0455 590 004
FOR SALE
Price Guide $469,000 - $545,000
View as advertised or by appointment
Agent Greig McFarlane 0412 725 505
FOR SALE
Price Guide $1,650,000
View as advertised or by appointment
Agent Andrea Tucker 0402 487 887
8A Colden Place, Ulladulla Land FOR SALE
Price Guide $695,000
View as advertised or by appointment
Agent Kirsty Schultz 0429 433 526
Andrea Tucker 0402 487 887
Lot 102-108, Clifford Parade, Tuross Head Land
266 Green Street, Ulladulla
1/105 Deering Street, Ulladulla
2 beds 1 bath 1 car FOR SALE
Price Guide $570,000
View as advertised or by appointment
Agent Andrea Tucker 0402 487 887
Tracy Creasy 0438 773 667
90 Kyeema Drive,
3 beds 2 baths 4 cars FOR SALE
Price Guide On Request
View as advertised or by appointment
Agent Kirsty Schultz 0429 433 526
Andrea Tucker 0402 487 887
59 Did-Dell Street, Ulladulla 4 beds 4 baths 5 cars
EXPRESSIONS OF INTEREST
Price Guide On Request
View as advertised or by appointment
Agent Andrea Tucker 0402 487 887
Tracy Creasy 0438 773 667
209
5 beds 3 baths 8 cars
EXPRESSIONS OF INTEREST
Price Guide On Request
View as advertised or by appointment
Agent Andrea Tucker 0402 487 887
Tracy Creasy 0438 773 667
105 Camden Street,
4 beds 3 baths 6 cars FOR SALE
Price Guide $1,350,000 - $1,450,000
View as advertised or by appointment
Agent Tracy Creasy 0438 773 667
Andrea Tucker 0402 487 887
Ulladulla
Woodstock
Bonnie View Drive, Woodstock
How to buy your dream home at auction.
With auction clearance rates holding steady in a busy auction market, a growing number of buyers are starting to hone their bidding skills to win their dream property.
There’s much more to successfully bidding for a property than turning up and raising your hand. So, below, we have listed seven tips for buying at auction.
WATCH AND LEARN
It’s a great idea to attend a handful of auctions to get a feel for them. You’ll learn how auctioneers approach their task, and how prospective buyers respond. Sometimes, bidding becomes competitive and that’s when you have to keep a level head.
RESEARCH VALUES
To avoid overpaying, you need to work with agents and use websites to establish the likely value of a home that’s coming up for auction. Without doing this work, you’ll have no idea whether you’re about to snare a bargain or pay over the odds.
ON THE MONEY
It’s vital you have a pre-approved loan before bidding at any auction. If you’re successful, you’ll be expected to put down a deposit and proceed with the transaction. Failure to do so can lead to legal action.
SERIOUS INTENT
If you’re targeting a property, you should organise a building inspection before the auction to limit risk. Consider services like BeforeYouBid that turn around inspections quickly.
STRATEGY IS CRITICAL
Never wing it. Have a bidding strategy and spending limit, which should be determined by the amount a lender has pre-approved. Always stick to your strategy whether bidding is fast or furious or slow and cautious. If you don’t trust yourself, ask a friend or agent to bid for you.
FIRST-MOVER ADVANTAGE
If you’ve found your dream property, you should make an offer before it goes to auction. Occasionally, the owner will be happy to avoid the stress of auction day and accept if the price is right.
REGISTER YOUR INTEREST
You need to register to participate in an auction. So, turn up a few minutes early to do the paperwork and maybe chat with the agent about the degree of interest in the auction and the mood of the seller. All information is valuable!
Emily Peters Asset Officer / PA to Kylie Allan
4472 1488
Kristin Wakelin
Kylie
Melissa Hoare
Dean Naidoo
Luke
Greig
Batemans Bay (02) 4472 1488
Mollymook (02) 4455 6988
Southern Highlands (02) 4862 2122
Guiding you home