Hobart market overview
Greater Hobart is home to around 250,000 people and is one of Australia's most distinctive capital city property markets. Tourism (MONA, the Salamanca market, the Tasmanian wilderness gateway), a deepening apartment pipeline through the CBD, Battery Point and Sandy Bay, and a strong commercial short-stay accommodation economy underpin an active investor market.
Commercial-operated short-stay accommodation across Hobart, the Huon Valley and the East Coast preserves the full Division 40 deduction and is a meaningful structural driver of Hobart's tax depreciation schedule values.
Indicative market figures only.
Tax Depreciation for Hobart property investors
An engineering-based TDA depreciation schedule identifies every deductible asset on your Hobart property under Division 43 Capital Works (the building shell, claimable at 2.5% p.a. for 40 years where construction commenced after 15 September 1987) and Division 40 Plant & Equipment (carpets, blinds, hot water systems, air conditioning, common-property assets, and more).
For residential property acquired after 9 May 2017, the s40-27 second-hand restriction limits Division 40 deductions to first-use assets - we model this explicitly. Capital works (Division 43) remain fully deductible regardless. Commercial property and qualifying short-stay accommodation businesses retain the full Division 40 deduction.
Sub-markets we cover
- Hobart CBD & waterfront - Hobart CBD, Battery Point, Salamanca, Sandy Bay
- Eastern shore - Bellerive, Howrah, Rosny, Lindisfarne, Tranmere
- Northern suburbs - New Town, North Hobart, Lenah Valley, Glenorchy
- Southern suburbs - Kingston, Blackmans Bay, Margate, Taroona
- Industrial - Glenorchy, Derwent Park, Cambridge, Brighton
