Brighton Property Market Update 2nd Half 2025
Brighton is a beautiful suburb located just north of Hobart and offers a unique blend of rural tranquillity and modern convenience. Known for its picturesque landscape and friendly community atmosphere, Brighton is an ideal family location.
Property Trends
In Q2 2025, Brighton recorded a median house price of $595,500, and a median unit price of $470,000. This represents an annual (Q4 2023 – Q4 2024) price growth of 6.3% for houses and a slight softening of -1.1% for units. Comparing Q2 2024 – Q2 2025, sales declined by -2.8% for houses (to 70 sales in Q2 2025) and significantly to only 6-unit sales in Q2 2025. This suggests an undersupplied house market, which created a buffer against higher interest rates – hence price growth. The median unit price has become slightly more affordable in Q2 2025, thus an ideal time for first home buyers to enter the unit market. That said, with only very few new houses planned, buyers must act fast.
Property Development
Brighton will see approximately $49.7M of new projects commencing in 2025. This will include 74 units/apartments, 26 dwellings and 8 lots. Whilst this will help with answering some of the current demand, there is still an undersupply of ready-to-sell houses in Brighton. This will stimulate more price increases, for all property types.
Rental Market & Growth
House rental yields in Brighton (postcode 7030) were 4.1% in June 2025, above Hobart Metro (3.5%). This was paired with a 1.1% increase in median rent price in the past 12 months to Q2 2025, at $470 per week. The number of houses rented increased by 2.9% in the past 12 months, to 106 rentals in Q2 2025, which suggests a highly demanded market. Median unit rent price increased by 7.0% to $460, with a stable number of units rented (21 units in Q2 2025). Overall, there is an attractive rental market in the Brighton area, even with a higher entry/sale price in the past 12 months to Q2 2025.
Vacancy Rates & Property Investment
The postcode 7030 recorded a vacancy rate of 0.3% in June 2025, on par with Brighton LGA’s (0.3%) but lower than Hobart Metro’s 0.6% average. Vacancy rates in postcode 7030 have fluctuated in the past 12 months, however in the past 3 months have slightly declined even further. This suggests a tighter rental market, which benefits investors. Furthermore, a 0.3% vacancy rate is significantly below the Real Estate Institute of Australia’s healthy benchmark of 3.0%, suggesting quicker occupancy of rental homes in the area.
