What to Expect in Property Value in Tasmania in 2025?

After a period of fluctuations and adjustments, the Tasmanian property market shows some signs of recovery and growth, driven by infrastructure developments, demographic shifts, and evolving buyer preferences. With Hobart leading the charge as a vibrant capital city, regions like Launceston & Devonport also emerge attractive for those looking to capitalise on Tasmania’s real estate opportunities. 

Today, we will explore what you can expect in terms of property values in Tasmania in 2025. Whether you’re buying property in Tasmania to expand your investment portfolio or picking this state as the location of your first home, these figures and insights will help you determine the best real estate opportunities in the state in 2025. 

Tasmania Property Market Is Poised for Growth

According to the McGrath Report 2025, Tasmania’s property market is poised for growth, driven by developing major infrastructure projects. The Bridgewater Bridge construction and the proposed Macquarie Point Stadium are expected to transform Hobart’s waterfront, potentially boosting property values in surrounding areas.

In particular, Hobart’s market, which experienced a slowdown in the past two years, may become known for its comparative affordability. This could attract buyers priced out of other capital cities, potentially driving demand and values upward.

What Are the Property Market Forecasts?

Specific projections for Tasmania’s property market in 2025 include:

1. Overall growth: PropTrack’s Property Market Outlook report forecasts growth between 0% and 3% for Tasmania in 2025. That’s good news for anyone entering the market, especially those buying in the early part of the year.
2. Hobart-specific projections:

• Reports have projected that a 3% increase would add approximately $21,000 to a typical $700,000 house in Hobart.
• KPMG’s Residential Property Market Outlook report is more optimistic, projecting 5.7% growth for houses and 5.3% for units in Hobart.

3. Regional variations: Launceston is identified as a potential growth area, particularly with the completion of Legana Primary School in 2025, and expected to attract young families.
4. Investment hotspots: The Hotspotting report highlights Launceston as one of Australia’s top investment hotspots for 2025, citing affordability and strong fundamentals.

Property Value Projections in Tasmania in 2025

Based on multiple reports, property value projections in Tasmania in 2025 may reflect the following: 

Hobart Market Projections

• Median House Price Range: $685,000 – $735,000
• Potential Growth Scenarios:
  • Conservative Estimate: 0-2% growth
  • Moderate Projection: 3-4% growth
  • Optimistic Forecast: 5-6% growth

Regional Market Breakdown

Greater Hobart

• Expected median house price: $735,000
• Projected annual growth: 3.2%
• Key drivers: Infrastructure projects, population influx

Launceston

• Expected median house price: $585,000
• Projected annual growth: 2.8%
• Emerging investment suburbs: Newstead, Mowbray, Invermay

North West Coast (Devonport)

• Expected median house price: $510,000
• Projected annual growth: 2.5%
• Significant development: $240 million port upgrade

Tasmania vs. Other Australian Markets (2025 Projections):

• Sydney: 1-2% growth
• Melbourne: 2-3% growth
• Brisbane: 3-4% growth
• Tasmania: 2.5-4% growth

Note that these are projections, and actual performance may vary. The Domain End of Year Wrap 2024 report predicts that by the end of 2025, the median house price in combined capital cities will rise by 5-7%, reaching $1.213 million. While this is not specific to Tasmania, it provides context for the broader Australian market.

How Deltos Finance Can Help You

Finding real estate opportunities within Tasmania’s evolving property market can be challenging, especially with varied forecasts and regional differences. Deltos Finance, as Hobart’s leading mortgage broking team, offers valuable assistance to potential buyers:

• Local Market Expertise: With deep roots in the Tasmanian community, Deltos Finance provides insights into specific challenges and opportunities in the local housing market. We can help you understand those forecasts within a context that applies to you, whether you’re buying a first home in a Tasmanian suburb or planning to invest in an apartment unit in the capital. 
• Personalised Advice: Our skilled mortgage brokers in Tasmania can help you find the ideal home loan tailored to your unique needs and financial situation. We don’t just send a list of home loan options. Instead, we take the time to understand your circumstances and recommend the best mortgage products and terms that will help you take advantage of property forecasts.
• Access to Multiple Lenders: With access to over 40 lenders and 2000+ loan products, we can find competitive interest rates and suitable loan options. These options can empower you to make the best real estate decision. 
• First Home Buyer Support: We can assist with applying for the Tasmanian First Home Owner Grant and maximising other government initiatives for first-time buyers, such as the First Home Super Saver Scheme and Family Home Guarantee.
• Investor Guidance: Looking to invest in Tasmania’s growing markets? Deltos Finance can provide strategic advice on investment loan structures to maximise your borrowing capacity and ensure tax-efficient purchases.
• Efficient Process: With lending paths determined within 24 hours of the initial meeting and faster loan approval times, we can expedite your home-buying process. Engaging with us can also boost your chances of loan approval. 

Contact Us Today

Want to learn more about property value projections in Tasmania in 2025? Or are you curious about how Deltos Finance can help you exactly? Contact us today. We’re excited to share our expertise with you!