Tasmania's property market is performing quietly and consistently while much of the country chases headlines in Sydney and Melbourne. Hobart has the lowest vacancy rate of any capital city in Australia at 0.4 percent. Regional Tasmania is outpacing metropolitan growth. And a handful of suburbs, from the Launceston foothills to the North West Coast, are delivering the kind of returns that reward investors who did their research early.
This article breaks down the top 10 suburbs in Tasmania right now, based on annual price growth, rental yield, five-year performance, demand indicators, and entry price. Data is sourced from CoreLogic, PropTrack, Finder's Property Investment Index, and OpenAgent as at June 2026.
Riverside suburb 6km from the Hobart CBD with tight supply, strong tenant demand, and consistent owner-occupier interest.
Lindisfarne sits on the eastern shore of the Derwent River, about 6 kilometres from the Hobart CBD. It is not a suburb that generates loud headlines, but its performance numbers are hard to argue with. What makes Lindisfarne work is the combination of lifestyle appeal, tight supply, and genuine owner-occupier demand. Properties move quickly and hold their value consistently. For investors looking for a reliable performer in the Hobart market without stretching to the prestige price points of Sandy Bay, Lindisfarne is one of the strongest options available.
The highest single-year growth rate of any suburb in this report. Elevated lifestyle suburb above Launceston CBD with extremely tight supply.
Trevallyn, positioned above the Launceston CBD with elevated views and a quiet residential character, has recorded annual house price growth of 15.4 percent. That is the highest growth rate of any suburb featured in this report. Median price sits at approximately $620,000, well below comparable lifestyle suburbs in Hobart. Supply is extremely tight and the suburb attracts consistent owner-occupier and professional demand. If you are looking for growth momentum in Northern Tasmania, Trevallyn is the clearest signal in the data right now.
Rare combination of strong capital growth and high yield under $400K. The best value-for-money investment suburb in Tasmania right now.
Ravenswood offers something rare in any Australian property market: strong capital growth, a high rental yield, and an entry price under $400,000. Most suburbs at this price point in Tasmania have either the growth or the yield. Ravenswood, in Launceston's northern corridor, has produced both over the past 12 months. For investors working with a budget under $500,000 who want genuine income from day one alongside meaningful growth, this is the suburb that stands out most clearly in the current data.
The suburbs delivering the best combined outcomes are concentrated at the affordable end of the market, not the premium end.
Strong owner-occupier demand, excellent schools, and Kingston Beach nearby. One of Hobart's most consistent mid-market performers.
Kingston sits about 18 kilometres south of Hobart and is one of the city's most established family suburbs. It has strong owner-occupier demand, a well-developed town centre, quality schools, and Kingston Beach within a short drive. Unlike prestige suburbs at similar or higher price points, Kingston's performance is driven by consistent, broad-based demand rather than a narrow buyer pool. That consistency matters for investors. Properties here move reliably and tenants stay. At a median entry of approximately $650,000 to $680,000, Kingston is accessible to a wide range of buyers and remains below the price points that are squeezing out demand in other parts of greater Hobart.
Second-highest investment score in Hobart. Coastal suburb with strong projected growth and infrastructure investment underway.
Seven Mile Beach sits east of Hobart, close to the airport, and carries a Finder investment score of 83.9 out of 100. That is the second-highest rating in the Hobart region. Ongoing works in the surrounding coastal corridor, combined with growing interest from Hobart professionals who want more space without sacrificing city access, are driving demand. The investment case is built on location fundamentals and projected growth over the medium term.
Best yield-plus-growth combination inside inner Hobart. Affordable entry, improving amenity, gentrifying precinct.
Moonah is an inner-northern Hobart suburb that often gets overlooked in favour of higher-profile areas to the south. At under $500,000, Moonah sits well below the broader Hobart median, offers CBD access within 10 minutes, and delivers yields that most inner-city Australian suburbs cannot match. Amenity in the precinct has been improving steadily, and the suburb is at an early stage of a gentrification cycle that has already run its course in neighbouring suburbs like Lutana and Derwent Park. Investors who recognise where a suburb is in its cycle can get ahead of that repricing.
Top regional performer. Coastal town with strong local employment, lifestyle appeal, and exceptional long-term capital growth.
Ulverstone is a coastal town on the North West Coast with a median house price of $535,750, annual growth of 9.3 percent, and five-year growth of 73.9 percent. Regional Tasmania is currently outpacing Hobart on annual growth by approximately 4.1 percentage points. Ulverstone is the clearest example of that trend. The town has strong local employment anchors, lifestyle appeal for families and retirees, and a community character that drives both owner-occupier and investor demand. At just over $500,000, entry is affordable by mainland standards while the growth track record is anything but subdued.
Leafy inner suburb between Sandy Bay and South Hobart, trading at a discount to both. Growing owner-occupier interest driving repricing.
Dynnyrne sits between Sandy Bay and South Hobart, two of the most sought-after addresses in greater Hobart, yet it trades at a meaningful discount to both. The suburb is attracting growing interest from owner-occupiers who have been priced out of Sandy Bay, and that owner-occupier demand is the most reliable driver of price growth in any suburb. This is a suburb where the story is about location discount rather than historical data. The fundamentals of the surrounding area are strong, and Dynnyrne is the version of that story that has not yet fully repriced.
Fastest-renting suburb in Hobart. Prestige address with near-zero vacancy. A capital growth play, not an income play.
Sandy Bay carries a median house price of approximately $1.1 million and a net rental yield of around 2 percent. That yield tells you immediately that this is not an income-focused investment. What Sandy Bay offers is consistent and fast-moving demand. Rental properties in this suburb lease within 10 to 18 days on average. The University of Tasmania's ongoing presence, the proximity to the waterfront, and the prestige address attract a steady stream of professionals, academics, and students. Sandy Bay is a long-term hold for capital growth. The low yield is the trade-off for one of the most consistently demanded suburbs in Tasmania.
Highest five-year growth of any suburb in this report. Still affordable at $385K, with yield above 5% while you hold.
Acton has delivered five-year house price growth of 94.9 percent. That is the highest five-year growth figure of any suburb in this report, from a median house price that still sits at $385,000. The rental yield is 5.4 percent, which means the property generates meaningful income while you hold it. That combination, near-doubling in value over five years alongside a yield above 5 percent, is rare in any market at any price point. Regional Tasmania continues to attract migration from interstate buyers seeking affordability and lifestyle, and Acton's track record reflects that demand.
A few consistent signals emerge across these ten suburbs.
Vacancy is extremely tight across the state. At 0.4 percent in Hobart, the market is effectively at zero vacancy, which means rental demand will remain strong regardless of broader economic conditions.
Regional Tasmania is not a second-tier alternative to Hobart anymore. Suburbs like Ulverstone, Trevallyn, and Ravenswood are outperforming many Hobart addresses on both growth and yield simultaneously.
Entry price diversity is wide. The suburbs on this list range from $385,000 to $1.38 million. Tasmania offers viable investment options across most budget levels, which is not something you can say about Sydney or Melbourne at the same stage of the market cycle.
The suburbs delivering the best combined outcomes, growth plus yield, are concentrated at the affordable end of the market, not the premium end. That is an important observation for investors who assume that higher price means higher performance.
At Timar, suburb selection is not something we outsource to a list or a national report. It is the product of on-the-ground knowledge, local agent relationships, and a systematic approach to assessing the factors that drive genuine long-term demand in a given location.
The suburbs on this list are backed by data. But data tells you where the market has been. Understanding why a suburb is performing, and whether that performance has legs, requires knowing the local conditions that the numbers do not always capture. That is what a buyers agent operating exclusively in Tasmania brings to the conversation.
If you are an interstate investor trying to identify the right suburb, or a local buyer who wants an objective analysis of whether a property matches the market conditions in a given area, that is exactly the conversation we have with our clients every day.
Based on current data, Ravenswood (Launceston) offers the strongest combination of growth, yield, and entry price. Trevallyn leads on annual capital growth at 15.4 percent. Lindisfarne is the most consistent performer in the Hobart market. The best suburb depends on your budget, goals, and whether you are prioritising income, growth, or both.
Yes. Hobart has the lowest vacancy rate of any capital city in Australia at 0.4 percent. Regional Tasmania is outpacing metropolitan growth. Entry prices remain competitive compared to mainland capitals, and PropTrack projects new price records for Tasmania in 2026.
Hobart's median house price is approximately $682,000 to $737,000 depending on the data source and time period. Regional Tasmania's median sits at approximately $585,000, with stronger annual growth than the metro area.
Yes. A buyers agent works exclusively for the buyer, not the seller. At Timar, we assess suburb fundamentals, access off-market opportunities, conduct due diligence, and negotiate on your behalf. For interstate investors who cannot be on the ground in Tasmania, professional representation is particularly valuable.
Ravenswood in Launceston currently offers the highest documented rental yield at 5.7 to 6.6 percent. Moonah (Hobart) and Acton (regional Tasmania) both yield above 5 percent at affordable entry prices.
Data sourced from CoreLogic, PropTrack, Finder's Property Investment Index, OpenAgent, and API Magazine as at June 2026. Figures reflect available data at time of publication and may vary. This article is for general informational purposes only and does not constitute financial or investment advice. Speak with a qualified financial adviser before making property investment decisions. Timar Buyers Agency is REBAA accredited and operates exclusively for buyers across Tasmania.
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