Rental crisis bites: Hobart down to six affordable suburbs - realestate.com.au

[ad_1] Gagebrook is among the many few Hobart suburbs the place a home might be rented for lower than $500 per week. Image: Equipped

There are simply six Hobart suburbs the place home renters can funds lower than $500 per week to place a roof over their heads.

PropTrack information reveals Gagebrook and Herdsmans Cove homes might be rented for $450 per week, Primrose Sands for $455, or Bridgewater for $470.

The median hire in New Norfolk is $490 and in Risdon Vale it's $495.

On realestate.com.au final week, Herdsmans Cove had solely two homes out there to hire. There have been 4 in Gagebrook, and 4 in Risdon Vale.

Primrose Sands had three choices, whereas Bridgewater supplied only one home.

New Norfolk had 5 homes to hire, though two of them value way over $500 — one is $575 and the opposite is in search of $650 per week.

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For $450 per week, No.67 Fisher Dr, Herdsmans Cove might be rented by way of 4one4 Property Co. Image: realestate.com.au

No.30 Plymouth Rd, Gagebrook might be rented for $520 by way of Fall Actual Property. Image: realestate.com.au

The newest SQM Analysis figures present Hobart has the tightest emptiness fee in Australia. In January it was simply 0.4 per cent.

There have been 112 vacancies, which was down from 124 in December 2025, however up from simply 95 vacancies in January 2025.

A wholesome rental market is taken into account to have a 3 per cent emptiness fee. Hobart’s emptiness fee has not reached this degree since April 2012, per SQM figures.

Head of property at SQM, Sam Tate, stated except there's a significant enhance in new rental provide, upward strain on rents is prone to persist by way of the primary half of 2026.

Within the week ending February 12, SQM figures present a typical Hobart home prices $597 per week to hire. That is up 8 per cent yearly.

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Unit rental prices will not be less expensive than homes at $550 per week, whereas being 16.8 per cent increased than 12 months in the past.

In the meantime, Battery Level is predictably Hobart’s most costly suburb to hire a home at $775.

That is adopted by metropolis suburbs Sandy Bay and Dynnyrne ($750 and $720), Tranmere ($710), and Lauderdale ($675), per PropTrack information.

Ray White Group chief economist, Nerida Conisbee.

Ray White Group chief economist Nerida Conisbee stated renters are at present experiencing essentially the most acute strain within the housing system.

She stated investor coverage can't be separated from rental outcomes — the 2 are immediately linked.

“If investor participation falls, rental provide tightens. When rental provide tightens, rents rise,” Ms Conisbee stated.

“Rental housing in Australia exists as a result of buyers purchase it.

“Nearly each rental property within the nation is owned by an investor.”

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No.6 Killarney Rd, Bridgewater might be rented for $480 per week with T.G. Newton. Image: realestate.com.au

No.36 South St, Battery Level is in search of $1400 per week for hire, with Harcourts Hobart. Image: realestate.com.au

ABS figures present that 83 per cent of leases are owned by personal buyers, virtually 10 per cent are Authorities tenants and a pair of.6 per cent are neighborhood housing tenants.