Find Clarity in the Hobart Loan Market
Hobart is Tasmania’s capital and Australia’s second-oldest city, featuring a stunning waterfront setting backed by kunanyi/Mount Wellington, historic precincts like Battery Point, and the vibrant Salamanca Market. The city blends colonial heritage with a growing modern arts and food scene. The property market, while stabilizing after a significant boom, shows steady appreciation, with median house prices ranging $750,000-$850,000. Waterfront and heritage properties command significant premiums. Hobart attracts lifestyle buyers, interstate migrants seeking relative affordability and a cooler climate, students for the University of Tasmania, and investors targeting stable yields (4-5%). Limited supply, particularly for detached houses, continues to support values despite moderating growth. The capital represents Tasmania’s premier property market.