Tassie Market Watch: August 2025

by Hobart Magazine

TASSIE’S REGIONAL RISE

PropTrack’s June Home Price Index found that Hobart’s home prices went up by 0.55 percent, making it one of the top performers alongside Adelaide and Sydney. But the real surprise was in regional Tasmania. Even though prices there only rose by just 0.1 percent, that small increase was enough to push the median home price to a new record of $507,000. That’s now higher than in regional South Australia and the Northern Territory, and only $44,000 less than in regional Victoria. Over the past year, regional Tasmania’s prices have grown by 3.32 percent, or nearly $20,000, and compared to five years ago, they’ve jumped by 58 percent, well ahead of Hobart’s 32 percent growth in the same period.

CELEBRATING THE STATE’S BEST DESIGNS

Each year, the Tasmanian Architecture Awards shine a light on the best buildings across the state, and the results for 2025 are in. The Award for Residential Architecture – Houses (New) went to Nebraska, designed by Lara Maeseele. Set among the dunes on the northern tip of Bruny Island, Nebraska is a holiday home designed for an extended family. The Award for Residential Architecture – Houses (Alterations and Additions) went to Jordan House, designed by Preston Lane. Jordan House is a heritage-listed, two-storey Georgian residence that has been carefully restored. The jury noted, “Highly crafted timber joinery enriches the interiors, providing a functional, warm, and robust environment suited to the rhythm of farming life.” Finally, the award for Residential Architecture – Multiple Housing went to Allunga Road Multi, also by Preston Lane, which are social housing units in Chigwell. “The project’s spatial generosity allows residents to personalise their homes, fostering a sense of ownership and community,” the jury said. For the full list of 2025 winners, jury comments, and plenty of photos, head to www.architecture.com.au/awards.

*Nebraska by Lara Maeseele. Pic: Adam Gibson*

TURNING A PROFIT

Almost 95 percent of Australians who sold their homes in the first three months of 2025 walked away with a profit, with the median gain sitting at $305,000. That’s according to the latest quarterly report from Cotality, a data and technology company that tracks property trends. The report looked at around 86,000 property resales and found a small drop in the median profit compared to the previous quarter, slipping from $310,000 to $305,000. However, Cotality expects profits to rise again following interest rate cuts by the RBA in February and May. While the majority of sellers made a gain, 5.1 percent of properties sold at a loss, with the median loss coming in at $44,000. Houses continued to outperform units, with 97.2 percent of house resales making a profit, compared to 90.1 percent of unit sales in the March quarter.

PROPERTY LENS

21 Inglisdale Drive, Wynyard

Indicative price: $1.85 Million

Agent: Keryn Newman, LJ Hooker

7 Coffey Drive, Binalong Bay

Indicative price: $1.395 Million

Agent: Heidi Howe, Harcourts

968 Windermere Road, Swan Bay

Indicative price: Contact Agent

Agent: George Bushby and

Joscelyn Bushby, Bushby Creese

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Extras

Hobart Happenings

by Steph Williams

Bits and Pieces- June 2026

Hobart Happenings

by Steph Williams

Bits and Pieces – May 2026

Bits and Pieces- May 2026

Stay up to date with everything happening at the Hobart Magazine.

Worker shortage is currently universal, there isn’t an industry that’s exempt. For Kelvin Smith, four years ago he decided there was a very obvious solution to the shortage facing the construction industry, and all that was needed was a little time, empathy and a helping hand. Integrate Workforce is a Hobart-based labour company with one requirement: a refugee/ migrant background. He’s also the outdoor piano man in his free time.

Landscape artist and creative Elliott Nimmo is enjoying discovering Hobart’s vibrant art scene and local environment after relocating here from London to pursue his art.

Even though Tasmania is known for its mild summers, it doesn’t take much to get sunburnt. Tasmania experiences extreme ultraviolet (UV) levels, but contrary to popular belief this isn’t due to the hole in the ozone layer, which is actually south of the continent.While higher UV levels often occur at the same time as higher temperatures, the two are not linked. Instead, UV levels are determined by the angle of the sun in the sky: the higher the sun, the higher the UV. In December and January, the position of the sun over Tasmania gives the state a UV index of 11 or more on most days, which is classified as “extreme” on the UV index. Tasmania’s lack of humidity and generally clear skies contribute to the stinging feeling of the sun. UV can reflect off buildings and water, making it possible to get a higher dose of UV from these reflected rays, even in the shade.

Setting up shop during a pandemic was a risky move, but if the crowd at Dāna Eating House (Dāna) on a Friday night is anything to go by, it’s one that’s paid off. With tables of diners chatting and laughing over drinks, the music and conversation buzzes off the monstera-leaf-green walls. Low-hanging rattan lights and worn wooden floorboards give the newly opened South-East Asian fusion venue in Hobart’s CBD a relaxed vibe.

A Holyman flagged ship hasn’t steamed up the River Derwent since 1984 but the company’s name still proudly adorns its former offices at 5 Morrison Street, Hobart.

Widening the Tasman Bridge to allow 3.5 metres on each side is a big win for walkers and cyclists.

Need a laugh? Check out @theinspiredunemployed feed on Instagram.

Rain, hail and shine, the school crossing guards are always there to help with a smile on their face.

It’s hard to believe it’s not standard practice to have a working phone in every aged care room - shared phones make private conversations impossible and increase the risk of spreading COVID-19.

Just when you think your cousins are alright. NZ Opposition Leader Judith Collins took aim at Tassie during her recent (unsuccessful) campaign, calling us Australia’s “poor cousin.” She also seems worried about us nabbing tech businesses, “It’s a lovely part of the world but do you necessarily want to go there with your high- tech business? Possibly not,” she said. We beg to differ!