Key takeaways

• The picks: Ten suburbs across Burnie, Launceston, Devonport, the north-west coast and the remote west span medians from $220,000 to $700,000, across houses and units.
• Who they suit: Investors who can hold for five or more years and want exposure to affordable regional markets before mainland capital flows in further.
• Market conditions: Regional Tasmanian dwelling values rose +12.9 per cent over the year to July 2026, driven by affordability, returning buyer confidence and two significant infrastructure commitments in Launceston and Devonport.
• The forecast: PropTrack expects Tasmanian prices to reach new record highs in 2026 at a slower pace, with Hotspotting naming Launceston a top-ten best buy for the year.
• The trade-off: The highest yields sit in thinner, slower-moving markets; the suburbs with the strongest growth tend to offer lower income returns.

Why invest in Regional TAS now?

Regional Tasmania doesn't dominate the national property conversation, and that is part of the case for looking at it. While mainland capitals soften, the state's affordable northern and north-western centres are in a broad-based recovery.

Cotality's Home Value Index puts regional Tasmanian dwelling values up +12.9 per cent over the 12 months to July 2026, with a further +1.8 per cent in the most recent quarter. The central driver is affordability: Tasmanian prices and rents remain well below the mainland capitals, drawing lifestyle relocators and interstate investors back to the market.

Two pieces of infrastructure are adding weight to that story. A $375 million port redevelopment in Devonport and a $304 million UTAS campus relocation to Launceston's Inveresk precinct, targeting 10,000 students by 2032, are doing the most work. The structural headwinds are real: population growth is weak, net interstate migration is negative, and jobs growth is modest.

The rental picture is a genuine bright spot for landlords. The Tenants' Union of Tasmania recorded weighted median rent increases of +11.7 per cent in the North and +12.4 per cent in the North-West in the March 2026 quarter. The region's gross rental yield sits at 4.3 per cent on Cotality's figures, above what most mainland markets offer. A countervailing pressure worth knowing: existing landlords are selling up amid rising costs and proposed rental legislation, shrinking an already tight pool even as new investors arrive.

Buyer confidence has returned clearly. API Magazine reported Tasmanian suburbs claimed the national top three spots for annual growth in prospective buyer enquiries for houses, and Westpac data showed Tasmania recorded the country's highest increase in purchasing intentions.

If you are sizing up a suburb on this list, a free property report gives you recent comparable sales, suburb statistics, average days on market and an estimated value, free and with no obligation.

Tasmania property market forecast and price predictions 2026

Tasmanian property market predictions for 2026 point to continued growth, though at a more measured pace than the gains recorded in 2025. PropTrack expects Tasmanian property prices to reach new record highs in 2026, with interest rates, persistent undersupply and population trends shaping how far values travel.

Hotspotting named Launceston a National Top 10 Best Buy for 2026 as an early-cycle growth market, and expects parts of Tasmania to feature more prominently through the year.

Propertyology's Simon Pressley argues the supply picture nationally is being underestimated: "Capital growth rates of between 10 and 20 percent in the 2026 calendar year is increasingly probable for many of Australia's 400+ townships."

For broader context, NAB's Residential Property Survey for the June quarter puts the expected change in property prices across Tasmania (state-wide, including Hobart) at +4.6 per cent over the next 12 months. That is a state figure, not a regional one, but it points the same way as the commentary above.

Interest rates remain the clearest swing factor. All four major banks expect the cash rate to reach 4.1 per cent on their next cut, though their timing estimates range from May to September 2027, according to Canstar's tracker.

If you are deciding when to act and want to see more of the market before committing, OpenAdvantage is OpenAgent's buyer network: it gives you early access to thousands of off-market properties, homes whose owners are ready to sell but have not yet listed publicly, at no cost.

How we chose the best suburbs in Regional Tasmania

OpenAgent's data team ranks suburbs using a scoring model built on sales and rental records. The model is growth-led: 12-month and five-year price growth do most of the work, with days on market, listings volume and rental yield each contributing a smaller amount.

The rankings use sales and rental data for the 12 months to 30 June 2026. Growth figures compare that period with the previous 12 months and the equivalent period five years earlier. Each suburb is ranked on its stronger property type, house or unit.

A few honest caveats: gross rental yield is an estimate based on all properties in a suburb, not only rented ones. Suburbs with fewer than about 20 sales are excluded, and some datapoints are omitted where data is too limited to be reliable.

General information only, not financial advice. Figures are estimates and past performance is not a reliable indicator of future results. Always seek independent advice.

Regional Tasmania's best suburbs to invest in 2026

Ten suburbs make this list, eight houses and two units. Each is profiled individually after the comparison table. Across the picks, the suburbs with the strongest recent growth tend to carry thinner yields, while the highest yields come with more modest price momentum.

Source: OpenAgent data.

1. Acton 7320

Acton sits on the edge of Burnie, the north-west coast's largest centre, with easy access to the CBD and the working port that gives the town its economic backbone. Prices rose +22.5 per cent over the past year to a median of $475,000, and homes here are selling in 22 days, the shortest of the ten picks, faster, in fact, than the 38 days it took a year ago.

The five-year record is the real headline: +107.4 per cent, the strongest of the ten picks. The yield is 4.7 per cent, a solid return for a coastal regional suburb, and listings rose about 41 per cent over the past year, which gives buyers more choice at entry.

• Strengths: Exceptional long-run capital growth, with homes selling faster than anywhere else on this list.
• Risks and considerations: Rising supply means buyers have genuine negotiating room now, which could ease price pressure short-term.
• Best suited for: Long-hold investors after proven capital growth with a decent rental income alongside it.

2. Newnham 7248

Newnham is a well-established residential suburb on Launceston's northern fringe, close to the University of Tasmania and within comfortable reach of the city centre. The median price reached $485,000 over the past year, up +34.3 per cent, the strongest of the ten picks, and days on market fell from 48 to 27.

The five-year growth of +59 per cent is the weakest five-year growth of the ten picks, which is the honest context: the recent surge is sharp but the longer track record is thinner than the others. The gross yield of 5.2 per cent adds a solid income return alongside that growth.

• Strengths: Exceptional recent price growth, backed by genuine university-precinct demand and a solid rental yield.
• Risks and considerations: The thinnest long-run growth record of the ten picks means the recent run may not fully reflect the suburb's usual pace.
• Best suited for: Investors who want strong income alongside growth, and are comfortable buying into a suburb whose recent momentum is the story.

3. Shorewell Park 7320

Shorewell Park is a quiet suburban pocket in Burnie's southern reaches, mostly owner-occupier housing on established streets a short drive from the CBD and the waterfront. Prices rose +33 per cent over the past year to $470,000, the strongest twelve-month growth of the eight house picks, while days on market nearly halved from 72 to 39.

The listing count is the smallest of the eight house picks, which keeps supply tight and means fewer homes to compete against at auction. The gross yield of 4.4 per cent is reasonable, though the entry price sits just below Acton's median.

• Strengths: Exceptional recent price growth and very little competing stock, a combination that tends to support values.
• Risks and considerations: A shallow market means one or two unusual sales can shift the median, making the growth figure harder to rely on in isolation.
• Best suited for: Growth-focused investors comfortable with a smaller market and a mid-range entry price.

4. East Devonport 7310

East Devonport occupies the eastern bank of the Mersey River, separated from Devonport proper by the water but connected by bridge, with the Spirit of Tasmania ferry terminal nearby and a relaxed coastal feel that draws families and lifestyle buyers. The median price hit $540,000, up +28.3 per cent over the past year, and homes are now selling in 33.5 days, down from 40 a year ago.

The five-year figure of +80 per cent shows the suburb has been building momentum for some time. At $540,000 the entry price is the highest of the Devonport-area picks. The gross yield of 4.7 per cent gives investors a reasonable income base alongside that growth record.

• Strengths: A strong and consistent growth record, with a waterside location that holds appeal for owner-occupiers and tenants alike.
• Risks and considerations: A demanding entry price means borrowing costs weigh more heavily if rental income dips.
• Best suited for: Investors seeking a lifestyle-adjacent suburb with a proven growth track and solid yield.

5. George Town 7253

George Town is a compact working town on the Tamar River estuary, about 50 kilometres north of Launceston, with a history tied to the port and industrial activity along the river. The median price reached $466,000, up +28.7 per cent over the past year, and homes are selling in 28 days, down from 38 a year ago.

The five-year growth of +69.5 per cent is the weakest five-year growth of the eight house picks, and listings here are the largest of the ten picks. That means buyers have real room to negotiate and sellers find it harder to hold firm on price.

• Strengths: Meaningful recent price growth and a solid yield, at an entry price that stays accessible for most investors.
• Risks and considerations: Heavy stock on the market gives buyers leverage now, and the weaker long-run growth record means the recent run may not be sustained.
• Best suited for: Entry-level investors who want income and growth without stretching to a higher price point.

6. Queenstown 7467

Queenstown is unlike anything else on this list: a remote west-coast mining town ringed by dramatic bare hills, about three hours from Hobart, with a tight permanent population and a character shaped by more than a century of copper mining. The median price of $220,000 is the lowest entry price of the ten picks, and the gross yield of 7.8 per cent is the highest gross yield of the ten picks.

The trade-off is liquidity. Homes here take around 86.5 days to sell, up from 67.5 a year ago, so finding a buyer when it matters takes time. This is a high-income, low-price play, but it demands patience and a long horizon.

• Strengths: Exceptional affordability paired with a standout rental income, making the case for yield investors hard to ignore.
• Risks and considerations: Homes take considerably longer to sell than anywhere else on the list, and the limited local economy creates real resale risk.
• Best suited for: Yield-focused investors who can carry a long hold and are comfortable with a thin, specialist resale market.

7. Westbury 7303

Westbury is a heritage-listed village in the Meander Valley, about 35 kilometres south-west of Launceston, known for its Georgian streetscapes and a quiet rural character that draws owner-occupiers relocating from the city. The median price reached $700,000, the highest entry price of the ten picks, up +22.4 per cent over the past year, and homes are now selling in 39 days, down from 54.5 a year ago.

At 4 per cent, the gross yield sits at the lower end of the list. This is primarily a capital-growth story in a tightly held village market where the housing stock is genuinely distinctive.

• Strengths: A character-rich location with strong buyer demand and a selling pace that has improved markedly over the past year.
• Risks and considerations: A demanding entry price paired with a modest yield means the investment relies heavily on continued price growth to pay off.
• Best suited for: Growth-focused investors with the capital for a premium entry and the appetite for a long hold.

8. Park Grove 7320

Park Grove is an established residential suburb on Burnie's eastern edge, with family homes, good local amenity and quiet streets that appeal to long-term residents and tenants alike. The median price reached $685,000, up +22.3 per cent over the past year, and homes are selling in 39 days, a day faster than a year ago.

The gross yield is 3.8 per cent, the lowest gross yield of the ten picks, a reflection of how far prices have moved relative to rents. That means the rent covers relatively little of what it costs to own the property, so the investment depends heavily on continued price growth. Listings rose +41.5 per cent over the past year, so buyers have genuine room to negotiate on entry.

• Strengths: Strong recent price growth and reliable tenant demand in a well-located Burnie suburb.
• Risks and considerations: The thinnest yield on the list means the rent alone covers very little of the cost of owning, and the investment depends heavily on continued price growth.
• Best suited for: Growth-focused investors who can absorb the gap between rental income and holding costs over a long hold.

9. Ulverstone 7315

Ulverstone is a coastal town on Tasmania's north-west coast, with a beach foreshore, a river estuary and a relaxed pace that draws sea-changers and retirees. The unit median reached $505,000, up +21.7 per cent over the past year, and days on market fell from 50 to 31.5, so units are moving noticeably faster than a year ago.

Available listings fell -30.8 per cent over the past year, keeping supply tight and well-priced stock harder to find. There is very little available to buy here, which tends to keep prices firm. The gross yield sits at 4 per cent against a five-year growth record of +78.4 per cent.

• Strengths: A lifestyle location with tightening supply and improving selling pace, which tends to support prices.
• Risks and considerations: Very little stock changes hands here, so the median can shift on a small number of sales and entry opportunities are limited.
• Best suited for: Investors drawn to a coastal lifestyle suburb who are comfortable buying into a thin, tightly held unit market.

10. Montello 7320

Montello is a residential suburb tucked between Burnie's CBD and the airport corridor, practical in character and close to services that working households and tenants value. The median price reached $504,500, up +20.1 per cent over the past year, the weakest twelve-month growth of the ten picks, and homes are selling in 31.5 days, a touch faster than the 32 days recorded a year ago.

The five-year growth of +75.5 per cent shows the suburb has kept pace with the north-west's long run-up. The gross yield of 4.4 per cent is a reasonable return for a suburb at this price point.

• Strengths: Solid long-term capital growth and a sensible yield, in a conveniently located suburb with stable selling conditions.
• Risks and considerations: Recent price growth has been soft, suggesting momentum here is running a step behind other Burnie suburbs at present.
• Best suited for: Investors who want a stable, well-located entry into the Burnie market without stretching to higher-priced suburbs nearby.

The bottom line

Regional Tasmania's recovery is real, and the figures say so plainly: values up +12.9 per cent over the year, rental growth running at double digits across the north and north-west, and buyer enquiry hitting national highs. That momentum is expected to continue in 2026, though at a steadier pace.

The ten suburbs on this list span high-yield remote picks like Queenstown and long-run growth stories like Acton, and the honest note is that each comes with its own resale and income trade-offs worth weighing carefully.

Explore suburb profiles to dig into prices, growth and rental data for any suburb before you commit.