Tassie Market Watch - December 2025 - The Hobart / Launceston Magazine

Tassie Market Watch – December 2025

by Hobart Magazine

Selling season in Tassie kicks off

The spring selling season, when the residential market traditionally kicks back into gear again, began in earnest. The cash rate remained on hold at 3.6% in November. Key findings from the October 2025 PropTrack Report shared that national home prices rose 0.6% in October, marking the tenth consecutive month of growth and keeping values at a record high. Capital city prices rose 0.6% in October and are up 7.4% year-on-year, with values at record highs. All capitals were at record highs except Hobart (-3.9% below peak) and Canberra (-1.0% below peak) – which is good or bad news depending on if you’re looking to break into the market, or move around. Regional prices climbed 0.6% in October and are up 7.9% year-on-year, continuing to outpace the capitals over the past year and five years (64.2% vs 47.0%), supported by relative affordability and appeal of living outside the cities.

Move or renovate?

If you’re keen to upgrade to have more space, moving to a new house might not always be the best solution. Is the answer in unlocking the potential in what you already have?

According to Canstar, the cost of renovating your house will vary considerably depending on whether you want to do a total overhaul or renovate a single room at a time. Depending on the job you plan to undertake, you might find that you are looking at costs in the following vicinity, depending on scope and materials you plan to use:

Bathroom renovation: $15,000 – $30,000+
Kitchen renovation: $20,000 – $50,000 +
Bedroom renovation: $1,000 – $35,000 +
Living room renovation: $7,000 – $15,000 +
Landscaping and decking: $12,500 – $44,500 +

Renovating for indoor/outdoor living in Tasmania might mean more than opening up a wall – good design and solid building knowledge will ensure the space works year-round in our cool-temperate climate.

PROPERTY LENS

160 Gulf Road, Liffey

Indicative price: Offers over $1.6 million

Agents: Ananda & Kate, key2 Property

4 Britcliffes Lane, Port Huon

Indicative price: Offers over $1.2 million

Agent: Nick Bond, Harcourts Huon Valley – Huonville

24 Ocean View Drive, Greens Beach

Indicative price: Offers over $899,000

Agent: Michael Dearsley, Harrison Agents Launceston

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Hobart Happenings

by Steph Williams

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by Steph Williams

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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!