Affordability ranking · TAS

The most affordable suburbs in Tasmania.

Suburbs with the lowest median house prices, great entry points into the property market. Filtered to Tasmania suburbs only.

About this ranking

'Most affordable' here means lowest median house price, the entry-level suburbs in each state. Affordability isn't the same as good value: a $400K outer-fringe suburb with stagnant population growth and weak infrastructure can be a worse buy than a $700K middle-ring suburb with structural demand. Use this list as a starting point for further research, not a final shortlist.

Tasmania property market in 2026

Tasmania's market had a dramatic 2018-2022 run with Hobart prices nearly doubling. The 2023-2025 period was a flat-to-down breather; 2026 sees the market steady again with modest positive growth and strong rental demand. Hobart median house prices sit around $730K, and the gap to Launceston has narrowed meaningfully. The lifestyle premium that drove the 2018-2022 boom has cooled but hasn't reversed.

Buyer tip, TAS

Tasmania's $30K FHOG (one of the most generous in the country) plus the 50% stamp duty concession on established homes makes TAS the cheapest jurisdiction to enter for eligible first home buyers in dollar terms.

Watch out, TAS

Tasmania's tighter rental market has driven some hostile commentary toward investors locally. Track council planning changes and any tenancy-law reforms before committing to a buy-and-hold strategy on the island.

Methodology

Sorted by median house price ascending, with a $100K minimum to exclude very small localities and data anomalies. State Valuer-General data, refreshed quarterly.

Best for

First home buyers prioritising entry into the property market; rentvestors looking for high-yield, lower-entry investments; buyers willing to commute further for a freestanding house.

By stateAll Australia NSW VIC QLD WA SA TAS NT ACT

Showing top 50 suburbs in Tasmania

#	Suburb	State	Median price	Annual growth	Profile
1	Banca 7265	TAS	$108,000	–	View profile →
2	Winnaleah 7265	TAS	$108,000	–	View profile →
3	Lake Margaret 7467	TAS	$126,000	–	View profile →
4	Queenstown 7467	TAS	$126,000	–	View profile →
5	Rosebery 7470	TAS	$132,000	–	View profile →
6	Trial Harbour 7469	TAS	$133,000	–	View profile →
7	Zeehan 7469	TAS	$133,000	–	View profile →
8	Renison Bell 7469	TAS	$133,000	–	View profile →
9	Granville Harbour 7469	TAS	$133,000	–	View profile →
10	Storys Creek 7213	TAS	$143,000	–	View profile →
11	Avoca 7213	TAS	$143,000	–	View profile →
12	Stonor 7119	TAS	$143,000	–	View profile →
13	Branxholm 7261	TAS	$143,000	–	View profile →
14	Rossarden 7213	TAS	$143,000	–	View profile →
15	Warrentinna 7261	TAS	$143,000	–	View profile →
16	Royal George 7213	TAS	$143,000	–	View profile →
17	Mangana 7214	TAS	$152,000	–	View profile →
18	Upper Esk 7214	TAS	$152,000	–	View profile →
19	Mathinna 7214	TAS	$152,000	–	View profile →
20	Fingal 7214	TAS	$152,000	–	View profile →
21	Musselroe Bay 7264	TAS	$155,000	–	View profile →
22	South Mount Cameron 7264	TAS	$155,000	–	View profile →
23	Eddystone 7264	TAS	$155,000	–	View profile →
24	Weldborough 7264	TAS	$155,000	–	View profile →
25	Boobyalla 7264	TAS	$155,000	–	View profile →
26	Cape Portland 7264	TAS	$155,000	–	View profile →
27	Derby 7264	TAS	$155,000	–	View profile →
28	Ansons Bay 7264	TAS	$155,000	–	View profile →
29	Herrick 7264	TAS	$155,000	–	View profile →
30	Mount William 7264	TAS	$155,000	–	View profile →
31	Rushy Lagoon 7264	TAS	$155,000	–	View profile →
32	Telita 7264	TAS	$155,000	–	View profile →
33	Eddystone Point 7264	TAS	$155,000	–	View profile →
34	Gladstone 7264	TAS	$155,000	–	View profile →
35	Moorina 7264	TAS	$155,000	–	View profile →
36	Pioneer 7264	TAS	$155,000	–	View profile →
37	Cleveland 7211	TAS	$179,000	–	View profile →
38	Epping Forest 7211	TAS	$179,000	–	View profile →
39	Conara 7211	TAS	$179,000	–	View profile →
40	Lackrana 7255	TAS	$191,000	–	View profile →
41	Emita 7255	TAS	$191,000	–	View profile →
42	Strzelecki 7255	TAS	$191,000	–	View profile →
43	Killiecrankie 7255	TAS	$191,000	–	View profile →
44	Memana 7255	TAS	$191,000	–	View profile →
45	Blue Rocks 7255	TAS	$191,000	–	View profile →
46	Alberton 7263	TAS	$191,000	–	View profile →
47	Ranga 7255	TAS	$191,000	–	View profile →
48	Lake Leake 7210	TAS	$191,000	–	View profile →
49	Loccota 7255	TAS	$191,000	–	View profile →
50	Lughrata 7255	TAS	$191,000	–	View profile →

#1Banca

TAS 7265

Median price

$108,000

Annual growth

–

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#2Winnaleah

TAS 7265

Median price

$108,000

Annual growth

–

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#3Lake Margaret

TAS 7467

Median price

$126,000

Annual growth

–

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#4Queenstown

TAS 7467

Median price

$126,000

Annual growth

–

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#5Rosebery

TAS 7470

Median price

$132,000

Annual growth

–

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#6Trial Harbour

TAS 7469

Median price

$133,000

Annual growth

–

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#7Zeehan

TAS 7469

Median price

$133,000

Annual growth

–

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#8Renison Bell

TAS 7469

Median price

$133,000

Annual growth

–

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#9Granville Harbour

TAS 7469

Median price

$133,000

Annual growth

–

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#10Storys Creek

TAS 7213

Median price

$143,000

Annual growth

–

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#11Avoca

TAS 7213

Median price

$143,000

Annual growth

–

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#12Stonor

TAS 7119

Median price

$143,000

Annual growth

–

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#13Branxholm

TAS 7261

Median price

$143,000

Annual growth

–

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#14Rossarden

TAS 7213

Median price

$143,000

Annual growth

–

View profile →

#15Warrentinna

TAS 7261

Median price

$143,000

Annual growth

–

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#16Royal George

TAS 7213

Median price

$143,000

Annual growth

–

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#17Mangana

TAS 7214

Median price

$152,000

Annual growth

–

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#18Upper Esk

TAS 7214

Median price

$152,000

Annual growth

–

View profile →

#19Mathinna

TAS 7214

Median price

$152,000

Annual growth

–

View profile →

#20Fingal

TAS 7214

Median price

$152,000

Annual growth

–

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#21Musselroe Bay

TAS 7264

Median price

$155,000

Annual growth

–

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#22South Mount Cameron

TAS 7264

Median price

$155,000

Annual growth

–

View profile →

#23Eddystone

TAS 7264

Median price

$155,000

Annual growth

–

View profile →

#24Weldborough

TAS 7264

Median price

$155,000

Annual growth

–

View profile →

#25Boobyalla

TAS 7264

Median price

$155,000

Annual growth

–

View profile →

#26Cape Portland

TAS 7264

Median price

$155,000

Annual growth

–

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#27Derby

TAS 7264

Median price

$155,000

Annual growth

–

View profile →

#28Ansons Bay

TAS 7264

Median price

$155,000

Annual growth

–

View profile →

#29Herrick

TAS 7264

Median price

$155,000

Annual growth

–

View profile →

#30Mount William

TAS 7264

Median price

$155,000

Annual growth

–

View profile →

#31Rushy Lagoon

TAS 7264

Median price

$155,000

Annual growth

–

View profile →

#32Telita

TAS 7264

Median price

$155,000

Annual growth

–

View profile →

#33Eddystone Point

TAS 7264

Median price

$155,000

Annual growth

–

View profile →

#34Gladstone

TAS 7264

Median price

$155,000

Annual growth

–

View profile →

#35Moorina

TAS 7264

Median price

$155,000

Annual growth

–

View profile →

#36Pioneer

TAS 7264

Median price

$155,000

Annual growth

–

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#37Cleveland

TAS 7211

Median price

$179,000

Annual growth

–

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#38Epping Forest

TAS 7211

Median price

$179,000

Annual growth

–

View profile →

#39Conara

TAS 7211

Median price

$179,000

Annual growth

–

View profile →

#40Lackrana

TAS 7255

Median price

$191,000

Annual growth

–

View profile →

#41Emita

TAS 7255

Median price

$191,000

Annual growth

–

View profile →

#42Strzelecki

TAS 7255

Median price

$191,000

Annual growth

–

View profile →

#43Killiecrankie

TAS 7255

Median price

$191,000

Annual growth

–

View profile →

#44Memana

TAS 7255

Median price

$191,000

Annual growth

–

View profile →

#45Blue Rocks

TAS 7255

Median price

$191,000

Annual growth

–

View profile →

#46Alberton

TAS 7263

Median price

$191,000

Annual growth

–

View profile →

#47Ranga

TAS 7255

Median price

$191,000

Annual growth

–

View profile →

#48Lake Leake

TAS 7210

Median price

$191,000

Annual growth

–

View profile →

#49Loccota

TAS 7255

Median price

$191,000

Annual growth

–

View profile →

#50Lughrata

TAS 7255

Median price

$191,000

Annual growth

–

View profile →

Common questions

About this ranking.

Are the cheapest suburbs always the worst suburbs?

No. Affordability often reflects distance from CBD, sparse public transport, or limited amenity rather than 'bad' attributes. Plenty of affordable suburbs are growing strongly because the local economy and demographics are improving. Always look at population trend, infrastructure pipeline, and rental vacancy alongside price.

Should I buy the cheapest house I can or save for longer?

Depends on your timeline. If you'll hold for 10+ years, time-in-market usually beats waiting for a bigger deposit on a 'better' suburb. If you'll move within 3-5 years, transaction costs (stamp duty + agent fees) on the entry purchase can wipe out modest growth.

What about regional vs outer-metro for affordability?

Outer-metro typically holds value better because it's still tied to the capital city economy. Regional towns can offer better entry pricing but add commute risk if you need to fall back on metro employment. Strong regional centres (Newcastle, Geelong, Toowoomba) split the difference well.

Other rankings

Best Suburbs for Families Highest Growth Suburbs Most Walkable Suburbs Lowest Flood Risk Suburbs Best Rental Yield Suburbs