Tasmanian coastal landscape
Why Tasmania · Why Now
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images/tasmania-hero.webp
A Tasmanian coastal or rural landscape shot, e.g. Wineglass Bay or rolling Midlands countryside

The affordable market
the rest of the country is
only now catching on to.

Every capital city on the mainland has already had its run. Tasmania hasn't, and it's the most affordable state market in the country. That's exactly why we build our dual villa strategy here: an affordable entry price, a rental market so tight it's officially in emergency, and a 2026 tax reform that rewards new builds while it winds back the concessions on established property.

Free. 15 minutes. No obligation. We'll show you the numbers and let you decide.

+9.3%
Hobart, 12-Month Growth
+13.0%
Regional Tas, 12-Month Growth
$620k
Tasmania State Median House
0.4–0.7%
Rental Vacancy, Hobart
Same four problems, one more lever

Wherever you build, the goal doesn't change.

Every strategy we build exists to solve the same four things for our clients. New property is the tool. Where we build that property changes how hard the tool works for you, and right now Tasmania is doing more of that work than anywhere else in the country.

That's what this page is about. Not a different strategy, the same one, built on the market that's still affordable while everywhere else has already moved.

01

Too much tax

The ATO takes a bigger slice every year, with little structure in place to claw any of it back.

02

A mortgage that won't die

Thirty years of repayments ahead, and the balance that never seems to move.

03

Not enough super

The balance meant to fund a comfortable retirement is quietly falling short.

04

Kids locked out

The next generation can't get a foot on the property ladder without a hand up.

Why now

The expensive capitals have already run.

Australian cities rarely rise together. They take turns, like a rubber band stretching and snapping back. The longer a market lags, the more ground it tends to make up when it finally moves. Tasmania has been the one waiting.

Sydney
$1.28M
Brisbane
$1.13M
Perth
$1.05M
Adelaide
$0.95M
Canberra
$0.89M
Melbourne
$0.81M
Hobart
$0.75M
Darwin
$0.63M

Median dwelling value by capital city. Sydney, Brisbane and Perth now sit past a million dollars. Hobart is the second most affordable, and our villas are built well below even that, around $375,000 each. Source: Cotality Home Value Index, to May 2026.

12-month growth tells the same story

+2.3%
Sydney
+0.5%
Melbourne
+9.3%
Hobart
+13.0%
Regional Tas

"The last one to move, and it has already started." Sydney and Melbourne are now falling month on month. Hobart and regional Tasmania are not.

Affordability is the new driver, and the cycle is already turning.

When rates rise and lending tightens, buyers chase what they can still afford. Growth stops being about prestige and starts being about price. Perth, Adelaide and Brisbane kept posting gains through the rate rises on exactly this logic. Tasmania is next.

1

Prices sit low while rents keep climbing.

Tasmania is here
2

Renting gets so dear that buying wins on the numbers.

3

Buyers return and push prices back up.

4

Prices stretch too far. Renting takes over, and rents climb again.

General information only. Property cycles vary and past patterns are not a guarantee of future performance.

The 2026 reforms

New builds keep the concessions. Established stock loses them.

The May 2026 Budget reshaped property tax. The short version is simple: what changed for established property didn't change for a brand-new house and land package.

What established property loses

Established Property

✕

Negative gearing wound backBought after budget night, losses can no longer offset your wages from July 2027.

✕

CGT discount reworkedThe 50% discount is being replaced with indexation and a minimum tax rate.

✕

Borrowing capacity cutLenders are already trimming serviceability by up to around 30%.

What new house and land keeps

New House & Land

✓

Negative gearing keptNew builds remain negatively gearable, exempt from the wind-back.

✓

50% CGT discount keptEligible new builds retain the existing capital gains discount.

✓

One of the few left standingNew supply is exactly what the reforms are built to reward.

Sources: Australian Taxation Office; Budget 2026-27 papers. General information only, not taxation or credit advice. Seek advice on your own position.

Why Tasmania

The fundamentals stack up, not just the timing.

Affordability got Tasmania onto the radar. These are the reasons it stays there.

🏷️

Affordable Entry

The most affordable state market in the country, with our villas built well below the state median house price.

🔑

Emergency-Tight Rentals

Vacancy sat around 0.4% to 0.7% through 2025-26, roughly half the national rate. There simply isn't enough stock.

💵

Positive Cash Flow

Rents in the affordable band comfortably carry the holding costs, so the strategy doesn't rely on your own income to run it.

⚙️

A Real Economy

Agriculture, aquaculture, healthcare, tourism, forestry, advanced manufacturing and Antarctic science. Tasmania isn't a one-industry punt.

🏗️

A Funded Pipeline

Marinus Link, Battery of the Nation, the new Bridgewater Bridge and new Bass Strait ferries are already funded and underway.

📈

Growth Already Moving

Hobart and regional Tasmania are already outpacing Sydney and Melbourne. This isn't a market we're waiting to turn, it already has.

A funded pipeline, not a promise

Major projects putting jobs and people into Tasmania.

These aren't proposals sitting in a drawer. Most are funded, under construction, or already delivered.

Energy & Clean Industry
Interconnector

Marinus Link

$3.86B · ~2,400 jobs · 2026–2030

Second Bass Strait cable. 750 MW, powering around 750,000 homes.

Pumped Hydro

Battery of the Nation

Up to $1B · up to 670 jobs

Tarraleah rebuild and Lake Cethana pumped hydro storage.

Hydrogen

Bell Bay Hydrogen Hub

$300M+ · enabling works by 2028

Green hydrogen and ammonia for domestic use and export.

Wind & Ports

Bass Strait Wind Zone

~800 jobs · ops ~2029

Offshore wind proposed in the north-east zone, plus a new renewable terminal at Bell Bay.

Digital

Firmus AI Data Centres

Up to $2.1B · from 2026

Renewable-powered AI facilities at Launceston and Bell Bay.

Shipbuilding

Incat Tasmania

5 vessels in build · workforce doubling

Hobart yard that built the world's largest electric ferry, now exporting to Europe and South America.

Resources, Transport & Community
Mining

Mining & Critical Minerals

Rosebery · Savage River · Renison

Tin, tungsten and zinc. Mining accounts for over half the state's exports.

Roads

New Bridgewater Bridge

$786M · ~1,000 jobs · opened 2025

The largest transport project in the state's history.

Freight & Tourism

Spirit of Tasmania & Devonport

New ferries · from late 2026

Larger Bass Strait vessels and a rebuilt Devonport port.

Urban Renewal

Macquarie Point Precinct

Waterfront renewal · from 2026–27

Housing, public space and a proposed $1.13B stadium.

Sport

UTAS Stadium, Launceston

$65M upgrade

Redevelopment of York Park in the state's north.

People

Population Growth

+79,000 by 2032–33

Greater Hobart heading from 251,000 toward 298,000 residents.

Sources: Marinus Link Pty Ltd; ReCFIT; TasPorts; Firmus; Incat; Mineral Resources Tasmania; Centre for Population; Australian and Tasmanian Government releases (2024–26). Some projects are proposed or subject to approvals and funding. Stadium and precinct remain subject to planning approval.

The market now

Tasmania, by the numbers.

Current data, honest ranges. Where providers disagree, we say so.

$752,760
Median dwelling value, Greater Hobart · state median house $620,000
+9.3%
12-month growth, Greater Hobart dwellings · regional Tas +13%
$495 / wk
Median weekly rent, state-wide · Hobart houses sit higher
4.4%
Gross rental yield, Greater Hobart · affordable 2-bed stock runs higher
0.4–0.7%
Rental vacancy, Hobart 2025-26 · vs national 1.3%

Sources: Cotality Home Value Index (30 Jun 2026); SQM Research Residential Vacancy Rates (2025-26); Aussie / CoreLogic state figures (2026). Ranges shown where sources differ.

Curious how the numbers work in Tasmania specifically?

Book a free 15-minute intro call. We'll model a Tasmanian dual villa against your own numbers.

Book My Free 15-Minute Call

Or call 1300 747 867

Where we build

Four hubs, four different jobs stories.

Most of what we build sits around Tasmania's four main hubs. Below that, we go deeper: suburb by suburb, with a dedicated profile for every estate we build in.

South

Hobart

$803k
Median House
~4.2%
Gross Yield
~$650
Weekly Rent
0.4–0.7%
Vacancy
Health, government, university & tourismMarinus Link and Macquarie Point.
North

Launceston

$669k
Median House
~4.3%
Gross Yield
~$550
Weekly Rent
<1%
Vacancy
Health, UTAS & Tamar Valley wineUTAS Inveresk and data centres.
North-West

Devonport

$587k
Median House
~3.8%
Gross Yield
~$430
Weekly Rent
<1%
Vacancy
Port, freight, farming & manufacturingSpirit of Tasmania home port.
North-West

Burnie

~$580k
Median House
~3.8%
Gross Yield
~$420
Weekly Rent
<1%
Vacancy
Port city, manufacturing & industryPort upgrades and the renewable zone.

Sources: Cotality, HtAG and realestate data providers (2026). Figures are indicative and vary by provider and segment. Burnie and Devonport are thinner, more volatile markets.

A live example, not a brochure

Explore the suburbs we're building in.

Every estate gets its own full profile: heritage, economy, funded pipeline, honestly-stated metrics and a written local rental appraisal, not a suburb average. Click through for the full picture.

Bay of Fires Coast · Northeast

St Helens

A working town the visitor economy hasn't hollowed out. Vacancy near 2%, only 22% of homes in the rental pool.

$530–591k
Median House
2.2%
Vacancy
View Full Profile →
Mouth of the Tamar · North

George Town

Australia's third-oldest town, next door to 740+ new energy jobs at Bell Bay. Vacancy already at 1%, before that workforce arrives.

$450k
Median House
+14.3%
12-Mo Growth
View Full Profile →
Derwent Valley · 35 Min from Hobart

New Norfolk

A heritage river town with a working economy and a rental market tighter than almost anywhere in the country.

$508k
Median House
0.4–0.8%
Vacancy
View Full Profile →
Midlands · Northern Tasmania

Campbell Town

Home to the Red Bridge, Australia's oldest surviving brick arch bridge, and a decade-long track record averaging 11.4% growth a year.

+11.4% p.a.
10-Yr Avg Growth
$415–445k
Median House
View Full Profile →
Burnie · Cradle Coast

Shorewell Park

Home to North-West Tasmania's largest hospital precinct and Burnie City's largest employment sector, priced well under the state median.

$440k
Median House
4.97%
Gross Yield
View Full Profile →
East Coast · Gateway to Freycinet

Swansea

Tasmania's oldest East Coast municipality, established 1821, and the southern gateway to Wineglass Bay.

$615k
Median House
+15.1%
Population Growth
View Full Profile →
Mersey River · North-West

Latrobe

The birthplace of competitive woodchopping, more than 70 heritage-listed buildings, and a genuine river town 10 minutes from Devonport.

$628.5k
Median House
+10.3%
12-Mo Growth
View Full Profile →
Devonport · North-West

Stony Rise

Semi-rural living inside Devonport's city limits, minutes from a $493 million port upgrade.

$677.5k
Median House
4.37%
Gross Yield
View Full Profile →
Rubicon Estuary · North-West

Shearwater

A beach-town lifestyle on the Rubicon Estuary, closer to Devonport's port and hospital than almost anywhere else on the coast.

$732.5k
Median House
4.03%
Gross Yield
View Full Profile →
East Coast · Gateway to Maria Island

Orford

Founded in 1831 as the mainland port for the Maria Island convict settlement. Now its front doorstep.

$725k
Median House
4.03%
Gross Yield
View Full Profile →
The exit

The buyers are built in.

Every project needs an exit. Ours is designed in from day one. Two affordable, two-bedroom villas sell into the two deepest, most durable buyer pools in the country.

When money gets tight, demand concentrates at the affordable end. That's exactly what makes it the most resilient place to sell. Affordable will always be affordable.

Read the FAQ

Young couples & first-home buyers

Stepping onto the ladder. A two-bedroom villa at an affordable price is often the only realistic way in, and government incentives point them straight at new, lower-priced stock.

Downsizers

Stepping off it. Older owners cashing out of a large family home want low-maintenance, single-level living close to services, which is exactly what these villas are.

Bringing it back

Same four problems. A market built to move on them faster.

This was never just about Tasmania. It's about the tax you're overpaying, the mortgage that won't move, the super that won't be enough, and the kids you'd like to help. Building where the market still has room to run just means the strategy does its job faster.

Talk through your own numbers
1

Too much tax

New-build depreciation and gearing typically returns $15,000 to $20,000 a year, on top of the concessions the 2026 reforms keep for new stock.

2

A stubborn mortgage

Direct the equity uplift from a completed project straight at your own home loan.

3

Not enough super

A growing, income-producing asset base to lean on alongside your retirement savings.

4

Helping the kids

Once your own position is secure, put the equity you've built to work getting them started.

Straight answers, no fine print

Tasmania, and this strategy, explained plainly.

How much do I need to get started?
Around $1,000 to $5,000 secures the land. The land purchase is subject to finance, so if it isn't approved in time, your deposit is refunded.
What will it rent for?
Around $450 to $500 a week per villa, roughly 6% to 6.5% gross in the affordable band. Example figures, not a promise.
Can I start with just one villa?
Yes. A completed single villa is available from around $435,000, a lower entry point if you'd rather start small.
Will I be out of pocket during the build?
Finance is generally structured to cover repayments through the build, arranged with a broker from our network. Rent takes over once each villa is tenanted.
How hard is it to find tenants in Tasmania?
With vacancy sitting around 0.4% to 0.7%, not very. Leasing campaigns start 6 to 8 weeks before completion to keep any gap as short as possible.
Who actually builds them?
One of Tasmania's largest builders, delivering more than 200 homes a year. Affordable, not cheap, and it shows in the finish.
What if the valuation comes in light?
It can happen with this product. We adjust the finance structure, for example from an 80/20 to a 70/30 split, to keep the deal on track. To date, most valuations have come in on the money, some just under.
Why are the villas kept relatively simple?
On purpose. A simpler villa is what lets two fit comfortably on one lot, and that's what creates the equity uplift. Every design choice serves rent, resale and long-term return, not a brochure photo.
Which specific suburbs are you building in?
St Helens, George Town, New Norfolk, Swansea, Campbell Town, Shorewell Park, Latrobe, Stony Rise, Shearwater and Orford. Each has its own full profile, heritage or economy, funded pipeline and honestly-stated rental metrics, under Explore the suburbs we're building in above.
Is the first call genuinely free and no-obligation?
Yes. It's 15 minutes, it's free, and there's no obligation. We'll look at your numbers and tell you honestly whether a Tasmanian dual villa is the right fit for your situation.
Take the first step

Affordable, in demand, and only now
catching the country's eye.

Book a free 15-minute intro call with a Property Investment Strategist. We'll map the strategy to you, secure your own position first, then build the plan around it.

Book My Free 15-Minute Call

Or call us on 1300 747 867  ·  admin@pistore.com.au