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 first home buyer stamp duty exemption on established homes ended for settlements after 30 June 2026, so first home buyers now pay full duty. The help left is a $20K First Home Owner Grant on new homes, for transactions to 30 June 2027.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, lowest first, from $100,000. Only a median the suburb's own page publishes is ranked: NSW Valuer General sales, Land Victoria and SA Government quarterly medians, and ABS statistical-area (SA2) medians in the other states and territories, on at least five recorded sales where the count is known. An SA2 median is for the area that carries the suburb's name, which can take in surrounding localities.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.
Showing top 36 suburbs in Tasmania
Ranked from 36 suburbs in Tasmania with a published median. Prices for Tasmania are ABS statistical-area (SA2) medians: each is the median for the area that carries the suburb's name. An SA2 can take in surrounding localities, so a figure can differ from sales in the suburb itself.
TAS 7250
Median price
$350,000
Annual growth
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TAS 7330
Median price
$385,000
Annual growth
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TAS 7248
Median price
$420,000
Annual growth
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TAS 7253
Median price
$430,000
Annual growth
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TAS 7322
Median price
$435,000
Annual growth
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TAS 7016
Median price
$460,000
Annual growth
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TAS 7310
Median price
$462,500
Annual growth
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TAS 7310
Median price
$473,000
Annual growth
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TAS 7248
Median price
$480,000
Annual growth
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TAS 7140
Median price
$480,000
Annual growth
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TAS 7315
Median price
$490,000
Annual growth
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TAS 7315
Median price
$500,000
Annual growth
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TAS 7325
Median price
$506,000
Annual growth
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TAS 7304
Median price
$532,500
Annual growth
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TAS 7249
Median price
$538,000
Annual growth
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TAS 7321
Median price
$550,000
Annual growth
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TAS 7301
Median price
$552,500
Annual growth
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TAS 7010
Median price
$560,000
Annual growth
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TAS 7303
Median price
$563,000
Annual growth
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TAS 7019
Median price
$590,000
Annual growth
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TAS 7307
Median price
$591,000
Annual growth
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TAS 7250
Median price
$605,000
Annual growth
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TAS 7009
Median price
$615,000
Annual growth
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TAS 7009
Median price
$627,000
Annual growth
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TAS 7250
Median price
$635,000
Annual growth
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TAS 7112
Median price
$650,000
Annual growth
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TAS 7250
Median price
$650,000
Annual growth
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TAS 7250
Median price
$665,000
Annual growth
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TAS 7307
Median price
$718,500
Annual growth
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TAS 7277
Median price
$740,000
Annual growth
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TAS 7250
Median price
$775,000
Annual growth
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TAS 7008
Median price
$882,500
Annual growth
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TAS 7022
Median price
$910,000
Annual growth
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TAS 7000
Median price
$910,500
Annual growth
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TAS 7170
Median price
$1,010,000
Annual growth
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TAS 7005
Median price
$1,267,500
Annual growth
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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.
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