Australia's Coolest Capital
$680K
Median House Price
$490K
Median Unit Price
240K
Population
+3.8%
YoY Growth
Hobart is Australia's second-oldest and southernmost capital, a compact city of 240,000 nestled between Mount Wellington and the Derwent River. The city's remarkable transformation over the past decade — catalysed by the Museum of Old and New Art (MONA) — has positioned Hobart as one of Australia's most desirable lifestyle destinations. Heritage sandstone buildings, boutique restaurants on Salamanca Place, and some of Australia's cleanest air attract a growing influx of mainland buyers and remote workers. Property prices surged dramatically in the post-COVID era as mainlanders competed for limited stock, creating significant affordability challenges for local residents while generating strong capital growth for existing owners.
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