Hobart
Suburb profile, market snapshot and recent listings for Hobart, TAS 7000.
About Hobart
Welcome to Hobart
Hobart, the suburb at the very heart of Tasmania's capital city, is where the state's history, government, culture and commerce all converge. Sitting on the western shore of the Derwent River beneath the bulk of Mount Wellington/kunanyi, it's flanked by Sandy Bay and Battery Point to the south, Dynnyrne and Glebe just inland, and North Hobart's café strip a short walk to the north.
With a compact population of 3,390 and a median age of 31, this is a suburb geared towards professionals, students and downsizers who want to live within reach of everything rather than drive to it. Sandstone warehouses, colonial terraces and a fast-growing stock of apartments sit side by side, reflecting a city centre that has held onto its heritage while quietly densifying.
Lifestyle & dining
Life in central Hobart revolves around Salamanca Place and the waterfront, where warehouses once used for shipping now house galleries, wine bars and the Saturday Salamanca Market. Battery Point's laneways and Sandy Bay's foreshore are minutes away for a walk or a swim, while North Hobart's strip of restaurants, cinemas and small bars extends the dining options well beyond the CBD core.
It's a suburb that suits people who like to walk to dinner rather than drive. Constitution Dock, the Theatre Royal and the Tasmanian Museum and Art Gallery all sit within the same few blocks as the office towers and government buildings, giving central Hobart a lived-in, after-hours character that many state capitals lose in their commercial cores.
Shopping
Elizabeth Street Mall and the surrounding grid of streets form Hobart's main retail spine, with department stores, boutiques and everyday services all within a compact footprint. Salamanca's weekend market adds a strong local-produce and craft element, and North Hobart and Sandy Bay both offer supermarket-anchored strips for residents who prefer to shop closer to home.
Getting around
Being the city centre, Hobart is the hub that everything else radiates from, so getting around usually means getting into it rather than out of it. Metro Tasmania's bus network funnels through the CBD from all directions, making it straightforward to reach Sandy Bay, Glebe, Dynnyrne and North Hobart, or to head further afield to Kingston or the eastern shore via the Tasman Bridge.
Much of the suburb is genuinely walkable, with the waterfront, Salamanca, the mall and the surrounding residential streets of Battery Point and Glebe all within a fifteen-minute stroll of each other. For residents without a car, this compactness is one of the suburb's biggest drawcards.
Schools & families
While central Hobart's population skews towards younger adults, it's well served by some of the state's best-known independent schools. St Mary's College, St Michael's Collegiate (across its junior, middle and senior campuses) and St Virgil's College and its junior school are all in or near the suburb, and Guilford Young College's Hobart campus offers senior secondary pathways nearby. Families who do settle centrally tend to be drawn by this schooling density as much as by the lifestyle.
Housing & architecture
The current listing mix tells the story of a city centre in transition: 67% of stock is apartments or units, 27% houses, with small slivers of land (4%) and townhouses (2%) making up the rest. Older stone and brick terraces persist in pockets, especially towards Battery Point and Glebe, while newer apartment developments have filled in around the CBD fringe and waterfront, catering to the suburb's younger median age of 31.
The property market
With apartments and units dominating supply, the median unit price of $883k gives a useful read on the central Hobart market, and it reflects a suburb where buyers are paying a premium for location, water views and walkability rather than land size. Demand here is closely tied to lifestyle and proximity, with Sandy Bay, Battery Point and North Hobart all competing for the same buyer pool, which helps explain why well-positioned apartments in the CBD hold their value against Hobart's more traditional house-and-garden suburbs.
Market snapshot
Hobart property market
Median sale price
$883k
Unit · 2 bed
Median rent
$680
per week
Gross rental yield
4.0%
annual rent ÷ sale price
Typical price range
Entry
$165k
Median
$883k
Premium
$2.05m
Days on market
69
Auction clearance
0%
Sold this year
20
Median sold price trend · Unit 2 bed
Compound growth +3.2% / yr over 4 yrs
Median price by bedrooms · Unit
Property types on market
Share of current listings in Hobart by dwelling type.
Who lives here
Demographics
ABS Census 2021 figures for Hobart, TAS 7000.
Population
3,390
residents (2021)
Median age
31
years
Household income
$1,464
median, per week
Median rent
$380
per week
Median mortgage
$1,848
per month
Mortgage / income
29%
comfortable
Source: Australian Bureau of Statistics, Census of Population and Housing 2021. Suburb-level (SAL) aggregates.
Education
Schools in Hobart
Independent & Catholic schools
St Michael's Collegiate School - Middle School Campus
St Michael's Collegiate School - Junior School Campus
St Virgil's College - St Virgil's Junior School
Guilford Young College - Hobart Campus
Recent results
Recently sold in Hobart
$1.14m
6/15 Hunter Street
Sold ~July 2026
$950k
8/37-39 Campbell Street
Sold ~July 2026
$1.11m
43/1 Collins Street
Sold ~July 2026
$650k
2/263 Macquarie Street
Sold ~July 2026
$1.07m
32/1 Collins Street
Sold ~July 2026
$790k
72 Molle Street
Sold ~July 2026
$750k
7/37-39 Campbell Street
Sold ~July 2026
$165k
221/156 Bathurst Street
Sold ~June 2026
Sold prices as published on the original listing; some may reflect the last advertised price. Dates are approximate.
Explore the area
Properties & amenities in Hobart
Compare the area
Price map around Hobart
Every listing for sale near Hobart, coloured by price — so you can see how it stacks up against the streets and suburbs next door.
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Nearby suburbs
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Common questions
Hobart suburb FAQ
What is the median property price in Hobart?
The median unit price in Hobart, TAS is $883k for a 2-bedroom home. Over the past year, median sold prices have fallen about 16.0%.
How much is rent in Hobart?
The median weekly rent in Hobart is around $680 per week.
Is Hobart a good place to live?
Hobart is the capital and most populous city of the island state of Tasmania, Australia. Hobart is an established residential suburb in TAS, with a population of around 3,390 and 6 schools in the area.
What is the population of Hobart?
Hobart has a population of 3,390 (ABS 2021 Census), with a median age of 31.
What schools are in Hobart?
There are 6 schools in or near Hobart, including St Mary's College, St Michael's Collegiate School and St Michael's Collegiate School - Middle School Campus.
How long do homes take to sell in Hobart?
Properties in Hobart take around 69 days to sell on average, with an auction clearance rate of about 0%.
How much do you need to buy in Hobart?
Entry-level properties in Hobart start around $165k, while premium homes reach $2.05m.
What suburbs are near Hobart?
Suburbs near Hobart include Sandy Bay, Battery Point, Dynnyrne, Glebe and North Hobart.
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