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Home › Property Market Update › Hobart, TAS
Hobart continues to demonstrate resilience within Australia’s capital city housing markets. While national trends show slowing growth, Hobart remains in positive territory with consistent price appreciation across recent months. Despite broader economic pressures, the city has avoided the downturn seen in areas like Melbourne and Canberra.
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As of May 2025:
Although the annual growth is modest compared to faster-moving markets like Perth, it marks a notable improvement from earlier stagnation, especially in the second half of 2024.
CoreLogic Home Value Index
CoreLogic Home Value Index, Released on 2nd June 2025
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Change in dwelling values over key time periods
Looking ahead, several factors point to moderate upside potential:
Additionally, consumer confidence remains fragile. While values are stabilising, actual transaction volumes (sales and new listings) are lagging—similar to national trends—which may cap short-term momentum.
The Reserve Bank of Australia’s ongoing adjustments to interest rates will likely play a crucial role in shaping market dynamics, as higher borrowing costs limit purchasing power for many buyers.
Here are some of the most recent forecasts by the big-4 banks in Australia:
Oxford Economics recently released property forecasts predicting where house prices will be in three years.
Hobart’s housing market is on a stable upward trajectory. Growth is not explosive, but it is steady and balanced, supported by healthy rental yields and recovering dwelling values. With a 3.6% annual rise and positive rental performance, Hobart stands out as one of the more quietly resilient capital markets in 2025. While not immune to national pressures, its size, relative affordability, and improving returns keep it on solid ground.
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