Top 10 best suburbs in regional Tasmania to invest in 2026
Regional Tasmanian property has enjoyed exceptional price rises in recent years, thanks to the trend of big city residents ditching the urban lifestyle. Post-2024, that initial boom in migrants and property values has slowed, but growth remains steady thanks to a tight supply of homes.
Regional Tasmania now stands roughly equivalent to regional Western Australia or regional Victoria in terms of house prices. Overall property prices continue to grow both year-on-year and quarterly, pointing towards long-term value for buyers.
The ‘best’ suburb to buy property in regional Tasmania will vary based on your budget, strategy, and risk tolerance. Investors have varying opinions on what positions a suburb among the ‘best’ in its class. One might consider vacancy rates the deciding factor, while another would look at local economic growth, or buyer demand.
For our purposes, we’ve considered Cotality data highlighting suburbs boasting the largest annual growth in median property values from 2025 to 2026:
Rank | Suburb | Median value | Annual change |
|---|---|---|---|
1 | Waverley | $580,757 | +28.1% |
2 | Mayfield | $554,191 | +27.3% |
3 | Newnham | $587,836 | +24.3% |
4 | Ravenswood | $488,576 | +24.0% |
5 | George Town | $480,896 | +22.5% |
6 | Acton | $499,569 | +22.2% |
7 | South Launceston | $652,539 | +21.7% |
8 | Mowbray | $552,079 | +21.7% |
9 | Hillcrest | $486,896 | +21.7% |
10 | Summerhill | $687,700 | +20.1% |
Source: Cotality, July 2026.
Buyer demand in regional Tasmania
According to RealEstate.com.au, buyer demand in the following Tasmanian regional suburbs has grown year-on-year:
Suburb | Demand growth |
|---|---|
Upper Burnie | +259% |
Shorewell Park | +181% |
Newnham | +144% |
East Devonport | +128% |
Montello | +125% |
Devonport | +119% |
Ravenswood | +115% |
George Town | +114% |
West Ulverstone | +114% |
Scottsdale | +105% |
Source: PropTrack, August 2026. Buyer demand is measured by key enquiry numbers per property listing in a suburb.
Upper Burnie experienced the highest annual growth in buyer demand across all states. Tasmania accounted for 13 out of the 46 suburbs on RealEstate.com.au’s list.
What do you need to know about the regional Tasmania property market in 2026?
According to August insights from Cotality, dwelling values in regional Tasmania are up 12.9% year-on-year. While overall growth has slowed in the second half of 2026, the regional values remain high, with a +1.8% increase between May to July.
Median dwelling values across regional Tasmania as of August 2026, according to Cotality, are:
- Houses: $652,944
- Units: $489,126
- Combined: $627,052
If you’re looking at property outside Hobart, consider the following:
- Vacancy rates: According to McGrath’s Winter 2026 Regional Tasmania Residential Property Market Report, vacancy rates across regional Tasmania were at 1.7% as of June.
- Sales volumes: Cotality reports that regional Tasmania has seen a jump in sales volume of 12.3% in the 12 months to June 2026.
- Rental growth: Rents in regional Tasmania have trended upwards, growing 10.1% in the 12 months to June 2026 (Cotality).
- Rental yields: Cotality data indicates that rental yields in the area are 4% as of July 2026. According to SQM Research, the median weekly rent for a dwelling in regional Tasmania was $500 in April 2026.
- Infrastructure spending: The Federal Government has committed $9.8 million to improving mobile connectivity on the west and far north coasts of Tasmania. The state government’s 2026-27 Budget promises over $400 million towards regional healthcare and continued investment into highway upgrades outside of Hobart.
What is impacting price growth in regional Tasmania?
Investors looking for opportunities outside mainland Australia have made regional Tassie a 2026 hotspot, even as other markets experience a mid-year cool-off. Alongside cost of living pressures and increasing core inflation, factors that may influence buyers into 2027 include:
- RBA cash rate hikes: Multiple RBA cash rate hikes through 2026 have led banks and lenders to push their own home loan rates up, putting the squeeze on borrowers already grappling with the cost of living crisis.
- Proposed changes to negative gearing and CGT: This year’s Federal Budget included proposed changes to long-standing rules about negative gearing and CGT, in an attempt to drive investors towards new builds over existing properties. The recent drop in sales across most capital cities is a likely knock-on effect of this.
What to consider when buying property in regional Tasmania
Tasmania led the nation for population growth between 2016 and 2021, but as of 2025 the state’s annual increase in residents is now the lowest in the country. Of Tasmania’s estimated 579,100 residents (Australian Bureau of Statistics, December 2025), around 60% live outside the Greater Hobart area.
One key reason population growth has dropped is a fall in births, with more of the state’s new residents now arriving through overseas or interstate migration. This has helped keep demand for homes high past the early 2020s boom period.
The ABS predicts Tasmania’s population to reach between 579,600 and 645,600 by 2032. This puts the state on track to hit its own target of 650,000 residents by 2050.
In addition to price and demand trends, consider the following when you’re researching property in regional Tasmania:
- Utility costs: Water supply, sewerage and waste collection, electricity and gas suppliers and mobile and broadband coverage.
- Flood and fire risk: Natural disaster risks and management may be important in rural and regional areas.
- Local amenities: Access to healthcare, education, shopping and other services.
- Economic diversity: The impact of the region’s biggest employers and industries on the local economy.
