It ’ s therefore no surprise that the spotlight has now also shifted to Launceston . While the city ’ s median is a lot lower at just over $ 500,000 , growth has outpaced Hobart since March 2020 , hitting a 45 per cent increase . Exeter and Prospect Vale have seen their medians increase by almost $ 200,000 .
What ’ s the outlook for Hobart and Launceston ? While bigger cities are more sensitive to restrictions to finance and interest rate talk , Tasmania is a bit less so . With very strong rental growth , borders reopening and a continual shift in the drivers that shape the economy , high demand for property is set to continue .
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