TAS News and Market Updates

March 2024 update: Take a look at what's happening in the TAS property markets.
TAS News and Market Updates

The PropTrack Home Price Index for February 2024^ shows prices in Hobart fell 0.12% in February, taking the median dwelling value to $664,000.   

Hobart remains the weakest capital city market when comparing annual price growth (-2.26%), as well as the change from peak (-7.99%).   

However, this comes after several years of strong growth during the pandemic, which saw affordability deteriorate. Home prices in Hobart are still up 35.9% since March 2020.  

Across regional Tasmania, home prices rose by a barely perceptible 0.01%, taking the median value to $506,000.  

^ https://www.proptrack.com.au/home-price-index/ 

Find out what's happening across the country: