Tassie Market Watch- February 2026
by Stephanie Williams

A GREAT SOUTHERN MIGRATION
People are moving out of the city and it looks like they’re heading our way. According to the latest Regional Movers Index, published by the Regional Australia Institute (RAI) and Commonwealth Bank of Australia, in the September 2025 quarter, capital city people moving to Australia’s regions outnumbered regional people making a move in the opposite direction by 36 per cent. The top five local government areas by annual growth in total net internal migration inflows in the 12 months to September 2025 vs the previous year, shows numbers 2,3, and 4 on the list as being Latrobe, Devonport and the Huon Valley respectively. Great choice, city folk.
MOST EXY DIGS IN TASMANIA REVEALED
The ten most expensive houses sold in Tasmania last year have been revealed, with all of them beating the $3million mark. About half of them were located in Hobart, though the most expensive property was a coastal home in Cooper Street, Seymour. The final price was undisclosed, but the 2.15ha waterfront property was listed for sale in the $4.5m-$5m bracket, according to realestate.com.au. The next largest sale was a large waterfront property at Woodbridge that fetched $4.25m. The Hobart properties in the top ten were in Sandy Bay (multiple entries), Hobart, South Hobart and Rose Bay.

NEWNESS FOR NEW TOWN ROAD
In late January a development application was approved for the redevelopment of the site at 48-50 and 52 New Town Road, New Town for 23 dwellings and 38 visitor accommodation units. Additional uses on the site include a café on the ground floor and consulting rooms, gym and wellness centre on the lower ground floor. A lower ground floor carpark contains 67 car parking spaces and four motorcycle parking spaces. The development consists of separate buildings connected by walkways and roofing and surrounded by landscaping.
PROPERTY LENS

628 Forth Road, Forth
Indicative price: Offers over $1,390,000
Agent: Kurt Knowles, Harcourts Ulverstone and Penguin

87 Gardners Road, Greens Beach
Indicative price: $595,000 – $665,000
Agent: Erin O’Grady, Sims for Property – Launceston

9 Executive Close, Romaine
Indicative price: Expression of interest
Agent: Tom Smith, One Agency Burnie

