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
Amanda Lavis
“We recently leased our house through McGrath and the process was seamless! I was overwhelmed by the task of getting the house ready to be rented but Bec & Amanda were friendly, professional and efficient and nothing was an issue. Tenants moved in within 4 weeks of my first contact with McGrath and they kept me up to date during the whole process. Thanks ladies!”
Meet Amanda Lavis, the dedicated Senior Portfolio Manager at McGrath Orange, bringing over 15 years of real estate expertise and a genuine passion for serving her community. Known for her efficiency, professionalism, kindness, and unwavering loyalty, Amanda is a trusted partner in achieving your property goals. Amanda’s deep ties to the Orange community, including her involvement in women’s cricket and her commitment to her children and her family, reflect her genuine connection to the area. Her love for the community shines through in her personalized approach to real estate, ensuring that each client receives the highest level of care and attention. Whether you’re looking to invest or lease a property in Orange’s real estate market, Amanda Lavis is the experienced professional you can rely on. Benefit from her expertise, integrity, and personal touch as she guides you through a seamless and rewarding real estate experience. Trust Amanda to be by your side every step of the way.
Orange | Molong | Bathurst
Price Guide On Request
View By Appointment
Agent Scott Petersen 0408 583 099
Josh Fitzgerald 0414 304 898
SALE
Price Guide On Request
View By Appointment
Agent Scott Petersen 0408 583 099
SALE
Price Guide $5,500,000-$6,000,000
View By Appointment
Agent Scott Petersen 0408 583 099
Josh Fitzgerald 0414 304 898 1263 Lower Lewis Ponds
SALE
Price Guide On Request
View Saturday 12.40pm - 1.10pm
Agent Josh Fitzgerald 0414 304 898
SALE
Price Guide $3,350,000 - $3,550,000
View By Appointment
Agent Scott Petersen 0408 583 099
Price Guide $3,999,000-$4,199,000
View By Appointment
Agent Scott Petersen 0408 583 099
Lauren Jones 0439 620 500
Lauren Jones 0439 620 500 812 Guyong Road, Millthorpe
SALE
Price Guide On Request View By Appointment
Agent Scott Petersen 0408 583 099
Lauren Jones 0439 620 500
SALE
Team Fitzgerald 6 Old Orange Road,
Price Guide On Request
View By Appointment
Agent Scott Petersen 0408 583 099
Lauren Jones 0439 620 500 95 Dean Drive, Orange
beds 2 baths 4 cars
SALE
Price Guide $2,200,000 - $2,300,000
View Saturday 11.45am - 12.15pm
Agent Josh Fitzgerald 0414 304 898
Team Fitzgerald
Orange | Molong | Bathurst
399 Anson Street, Orange 4 beds 2 baths 5 cars
SALE
Price Guide On Request
View By Appointment
Agent Josh Fitzgerald 0414 304 898
Team Fitzgerald
135 Wrights Lane, Orange 4 beds 2 baths 2 cars
SALE
Price Guide $1,750,000 - $1,850,000
View By Appointment
Agent Jack Aumuller 0481 985 825
Team Fitzgerald
372 Anson Street, Orange 5 beds 3 baths 3 cars
SALE
Price Guide $1,450,000 - $1,550,000
View Saturday 1.15pm - 1.45pm
Agent Josh Fitzgerald 0414 304 898
Team Fitzgerald
263 - 265 Ploughmans Lane, Orange 5 beds 3 baths 5 cars
SALE
Price Guide $1,900,000 - $2,000,000
View Saturday 11.00am - 11.30am
Agent Jack Aumuller 0481 985 825
Team Fitzgerald
1174 Ophir Road, Orange
7 beds 3 baths 4 cars
SALE
Price Guide $1,500,000 - $1,600,000
View By Appointment
Agent Scott Petersen 0408 583 099
Lauren Jones 0439 620 500
7 Prince Street, Orange 5 beds 3 baths 2 cars
SALE
Price Guide On Request
View Saturday 12.30pm - 1.00pm
Agent Tori White 0422 424 601
15 Watts Road, Orange Land
SALE
Price Guide On Request View By Appointment
Agent Scott Petersen 0408 583 099
Lauren Jones 0439 620 500
1170 Mitchell Highway, Orange 7 beds 4 baths 5 cars
SALE
Price Guide $1,480,000-$1,550,000
View Saturday 1.30pm - 2.00pm
Agent Josh Fitzgerald 0414 304 898
Jack Aumuller 0481 985 825
145 Ploughmans Lane, Orange 4 beds 2 baths 2 cars
SALE
Price Guide $1,375,000
View By Appointment
Agent Jack Aumuller 0481 985 825
Team Fitzgerald
Orange | Molong | Bathurst
24 Clontarf Close, Orange 4 beds 2 baths 2 cars
SALE
Price Guide $1,350,000 - $1,450,000
View By Appointment
Agent Josh Fitzgerald 0414 304 898
Team Fitzgerald
1 Claremont Way, Orange 4 beds 2 baths 2 cars
SALE
Price Guide $1,200,000 - $1,300,000
View By Appointment
Agent Josh Fitzgerald 0414 304 898
Team Fitzgerald
78 Forbes Road, Orange 4 beds 2 baths 2 cars
SALE
Price Guide $1,150,000-$1,250,000
View By Appointment
Agent Josh Fitzgerald 0414 304 898
Team Fitzgerald
8 Clontarf Close, Orange 4 beds 2 baths 3 cars
SALE
Price Guide $1,300,000 - $1,350,000
View By Appointment
Agent Josh Fitzgerald 0414 304 898
Team Fitzgerald
16 Clontarf Close, Orange 4 beds 2 baths 2 cars
SALE
Price Guide $1,200,000 - $1,300,000
View By Appointment
Agent Josh Fitzgerald 0414 304 898
Team Fitzgerald
53 Hillside Lane, Millthorpe
5 beds 2 baths 7 cars
SALE
Price Guide $1,150,000 - $1,250,000
View Saturday 1.40pm - 2.10pm
Agent Jacinta Gosper 0419 614 169
SALE
Price Guide On Request View By Appointment
Agent Scott Petersen 0408 583 099
Lauren Jones 0439 620 500
49 Bowman Avenue, Orange 5 beds 2 baths 2 cars
SALE
Price Guide $1,150,000 - $1,250,000
View Saturday 10.15am - 10.45am
Agent Josh Fitzgerald 0414 304 898
Team Fitzgerald
88 Sampson Street, Orange 4 beds 1 bath 2 cars
SALE
Price Guide $1,100,000
View By Appointment
Agent Jack Aumuller 0481 985 825
Team Fitzgerald
151 Numalla Road, Trundle
Orange | Molong | Bathurst
1 - 28 Clontarf Close, Orange 4 beds 2 baths 2 cars
SALE
Price Guide On Request
View By Appointment
Agent Josh Fitzgerald 0414 304 898
Jack Aumuller 0481 985 825 143 Hill Street, Orange
4 Geraldton Street, Orange 4 beds 2 baths 6 cars
SALE
Price Guide $880,000-$920,000
View Saturday 11.45am - 12.15pm
SALE
Price Guide $880,000 - $920,000
View By Appointment
Agent Jack Aumuller 0481 985 825
Team Fitzgerald
Agent Tori White 0422 424 601 12 Speet Place, Orange 5 beds 2 baths 3 cars
SALE
Price Guide $870,000-$900,000
View Saturday 11.00am - 11.30am
SALE
Price Guide $870,000 - $900,000 View By Appointment
Agent Jack Aumuller 0481 985 825
Agent Tori White 0422 424 601 131 McLachlan Street, Orange
SALE
Price Guide $800,000 - $850,000
View Saturday 10.15am - 10.45am
Agent Tori White 0422 424 601 48 Allenby Road, Orange
SALE
Price Guide $735,000 - $750,000
View By Appointment
Agent Jack Aumuller 0481 985 825
Team Fitzgerald
147 Edward Street, Orange 3 beds 1 bath 1 car
SALE
Price Guide $700,000-$750,000
View By Appointment
Agent Jack Aumuller 0481 985 825
Team Fitzgerald
149 Edward Street, Orange
beds 1 bath 1 car
SALE
Price Guide $700,000-$750,000 View By Appointment
Agent Jack Aumuller 0481 985 825
Team Fitzgerald
Orange | Molong | Bathurst
388 Anson Street, Orange 3 beds 1 bath 3 cars
SALE
Price Guide $690,000-$710,000
View Saturday 12.30pm - 1.00pm
Agent Jack Aumuller 0481 985 825
Team Fitzgerald
80 Molong Road, Orange
beds 2 baths 2 cars
SALE
Price Guide $650,000 - $700,000
View By Appointment
216 Dalton Street, Orange
SALE
Price Guide $680,000-$710,000
View Saturday 11.00am - 11.30am
Agent Scott Petersen 0408 583 099
Lauren Jones 0439 620 500 415 Anson Street, Orange
Agent Jacinta Gosper 0419 614 169 14 Breeze Road, Orange
beds 2 baths 1 car
SALE
Price Guide $650,000 View By Appointment
Agent Jacinta Gosper 0419 614 169
3 Roderick Place, Orange Land
SALE
Price Guide $700,000 View By Appointment
Agent Jack Aumuller 0481 985 825
Team Fitzgerald
53 Woodward Street, Orange 3 beds 2 baths 2 cars
SALE
Price Guide On Request
View Saturday 11.45am - 12.15pm
Agent Jack Aumuller 0481 985 825
SALE
Price Guide $650,000 - $700,000
View Saturday 10.50am - 11.20am
Agent Jacinta Gosper 0419 614 169
Catania Street, Orange
beds 2 baths 2 cars
SALE
Price Guide $680,000 - $700,000
View Saturday 10.00am - 10.30am
Agent Jacinta Gosper 0419 614 169
beds 2 baths 4 cars
SALE
Price Guide $689,000
View Saturday 11.45am - 12.15pm
Agent Jacinta Gosper 0419 614 169
Team Fitzgerald 1 & 2, 126 Sampson Street, Orange
Orange | Molong | Bathurst
22 Sunny South Crescent, Orange 4 beds 1 bath 1 car
SALE
Price Guide $650,000 - $670,000
View Saturday 9.30am - 10.00am
Agent Jack Aumuller 0481 985 825
Team Fitzgerald
8 Caleula Crescent, Orange 3 beds 2 baths 2 cars
SALE
Price Guide $600,000 - $620,000
View Saturday 10.15am - 10.45am
Agent Jack Aumuller 0481 985 825
Team Fitzgerald
15 Torulosa Way, Orange Land
SALE
Price Guide $245,000 - $265,000
View By Appointment
Agent Scott Petersen 0408 583 099
Lauren Jones 0439 620 500
12 Havachat Place, Orange 3 beds 1 bath 1 car
SALE
Price Guide $580,000 - $610,000
View Saturday 12.30pm - 1.00pm
Agent Jacinta Gosper 0419 614 169
49 Burrendong Way, Orange 3 beds 1 bath 3 cars
SALE
Price Guide $529,000
View Saturday 11.40am - 12.10pm
Agent Jacinta Gosper 0419 614 169
502 Banjo Paterson Way, Molong 5 beds 3 baths 3 cars
SALE
Price Guide $1,450,000 - $1,500, 000
View Saturday 1.15pm - 1.45pm
Agent Jodi Murray 0428 461 910
Scott Petersen 0408 583 099
30 Ogilvy Street, Blayney 2 beds 2 baths 1 car
SALE
Price Guide $570,000 - $620,000
View Saturday 9.00am - 9.30am
Agent Tori White 0422 424 601
160a Warrendine Street, Orange Land
SALE
Price Guide $269,000
View By Appointment
Agent Jacinta Gosper 0419 614 169
Part 474 The Escort Way, Orange Land
SALE
Price Guide On Request
View By Appointment
Agent Scott Petersen 0408 583 099
Lauren Jones 0439 620 500
Orange | Molong | Bathurst
14-16 Thistle Street, Molong
5 beds 2 baths 3 cars
SALE
Price Guide
$830,000 - $860,000
View By Appointment
Agent Jacinta Gosper 0419 614 169
78 Edward Street, Molong
4 beds 2 baths 1 car
SALE
Price Guide
$590,000 - $620,000
View Saturday 11.00am - 11.30am
Agent Jodi Murray 0428 461 910
63 Edward Street, Molong
4 beds 1 bath 2 cars
SALE
Price Guide $480,000 - $500,000
View By Appointment
Agent Jodi Murray 0428 461 910
5 Riddell Street, Molong
4 beds 3 baths 8 cars
SALE
Price Guide
$740,000-$780,000
View Saturday 11.45am - 12.15pm
Agent Jodi Murray 0428 461 910
65 Phillip Street, Molong
3 beds 2 baths 1 car
SALE
Price Guide $570,000-$610,000
View Saturday 10.15am - 10.45am
Agent Scott Petersen 0408 583 099
Lauren Jones 0439 620 500
10 Shields Lane, Molong
3 beds 1 bath
SALE
Price Guide $470,000- $500,000
View Saturday 12.30pm - 1.00pm
Agent Jodi Murray 0428 461 910
93 Gidley Street, Molong
3 beds 2 baths 3 cars
SALE
Price Guide $700000 - $750000
View By Appointment
Agent Jodi Murray 0428 461 910
39 Queen Street, Molong Land
SALE
Price Guide $550,000 - $580,000
View By Appointment
Agent Lauren Jones 0439 620 500
Scott Petersen 0408 583 099
30 Park Street, Molong
3 beds 1 bath
SALE
Price Guide $470,000-$500,000
View Saturday 9.00am - 9.20am
Agent Jodi Murray 0428 461 910
Orange | Molong | Bathurst
Lot 1/42 Edward Street, Molong
4 beds 1 bath 1 car
SALE
Price Guide $430,000-$450,000 View By Appointment
Agent Jodi Murray 0428 461 910
46 Lister Crescent, Kelso 4 beds 2 baths 4 cars
SALE
Price Guide $1,235,000 - $1,265,000
View Saturday 11.40am - 12.10pm
Agent Todd Houghton 0415 505 555
74-76 Bant Street, South Bathurst Land
SALE
Price Guide On Request View By Appointment
Agent Todd Houghton 0415 505 555
21 King Street, Yeoval
3 beds 1 bath 1 car
SALE
Price Guide $300,000-$320,000
View By Appointment
Agent Jodi Murray 0428 461 910
153 Triangle Flat Road, Rockley 5 beds 1 bath 9 cars
AUCTION Thursday 6 March 12.00pm
Price Guide On Request
View By Appointment
Agent Todd Houghton 0415 505 555
20A Barr Street, Windradyne
4 beds 2 baths 2 cars
SALE
Price Guide $730,000
View Saturday 10.15am - 10.45am
Agent Todd Houghton 0415 505 555
SALE
Price Guide On Request View By Appointment
Agent Jodi Murray 0428 461 910
89 William Street, Bathurst
SALE
Price Guide $750,000 - $810,000 View By Appointment
Agent Todd Houghton 0415 505 555
306 Stewart Street, Bathurst
4 beds 2 baths 2 cars
SALE
Price Guide $690,000-$720,000 View By Appointment
Agent Todd Houghton 0415 505 555
Lot 100, 101, 102 & 104, 15 Kolonga Rd, Molong Land
Orange | Molong | Bathurst
4 Cunynghame Street, Oberon 4 beds 2 baths 2 cars
SALE
Price Guide $640,000 - $680,000 View By Appointment
Agent Todd Houghton 0415 505 555
78 Lambert Street,
3 beds 1 bath 1 car
SALE
Price Guide $400,000 - $440,000 View By Appointment
Agent Todd Houghton 0415 505 555
304 Stewart Street, Bathurst 2 beds 1 bath 3 cars
SALE
Price Guide $545,000
View Saturday 11.00am - 11.20am
Agent Todd Houghton 0415 505 555
4/284A Piper Street, Bathurst 3 beds 1 bath 1 car
SALE
Price Guide $500,000-$550,000
View Saturday 9.30am - 10.00am
Agent Todd Houghton 0415 505 555
SALE
Price Guide $349,000 View By Appointment
Agent Todd Houghton 0415 505 555
SALE
Price Guide $150,000 View By Appointment
Agent Todd Houghton 0415 505 555
SALE
Price Guide $150,000 View By Appointment
Agent Todd Houghton 0415 505 555
Bathurst
Lot 572, 12 Fogharty Lane, Wattle Flat Land
7-9 Robson Road, Mount David Land
3-5 Robson Road, Mount David Land
Our Property Management team
Orange, Molong & Bathurst
Bec Hammond
Orange & Molong 0401 622 447 rebeccahammond@mcgrath.com.au
Dearne Yeghoyan
Central West 0400 795 271 dearneyeghoyan@mcgrath.com.au
At McGrath Property Management in Orange, Molong and Bathurst, our dedicated team takes pride in delivering exceptional service tailored to landlords and tenants alike. From comprehensive property marketing to thorough tenant screening, proactive maintenance coordination, and transparent financial reporting, we handle every aspect of property management with professionalism and care.
For more information about how our services can benefit you, please contact our Business Development Manager Rebecca Hammond in Orange and Molong or Dearne Yeghoyan in Central West.
We’re here to help you achieve your property investment goals.
Orange 02 7903 0753
Bathurst 02 6331 5555
Molong 02 6311 1534
Guiding you home