Brighton Property Market Update 2nd Half 2026
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 community atmosphere, Brighton is an ideal location for professionals and families.
Property Trends
In Q2 2026, Brighton* recorded a median house price of $605,000, and a median unit price of $572,000. This represents an annual (Q2 2025 – Q2 2026) slight price softening of -1.6% for houses, but a significant 20.4% rise for units. Between Q2 2025 – Q2 2026 house sales have declined, by -12.0% (to 66 for houses in Q2 2026), but grew by 25.0% for unit sales (to 15 sales in Q2 2026). A slightly more affordable house price is likely due to multiple cash rate hikes in 2026. The unit market has become more expensive, due to units having a slightly lower price than houses and many house buyers opting for units. There is a small number of new houses planned in 2026, but not enough to answer current demand. This can lead to higher property prices. Thus, buyers must act fast.
Property Development
Brighton will see approximately $155.0M of new projects due to commence construction between 2026 and 2027. The new supply of ready-to-go residential stock (122 units and 12 houses) will assist with current demand for units (15 units sold in Q2 2026). That said, there is not enough new houses planned (66 sold in Q2 2026), suggesting a possible house price growth in the short term.
Rental Market & Growth
House rental yields in Brighton were 4.4% in June 2026, higher than Brighton LGA (4.0%) and Hobart Metro (3.5%). This was paired with a 22.3% increase in median house rental price in the past 12 months to Q2 2026, at $575 per week. The number of houses rented also increased, by 13.2% in the past 12 months, to 86 rentals in Q2 2026. This suggests that the rental market in Brighton is in high demand, which is beneficial for investors looking for a more affordable option to Hobart.
Vacancy Rates & Property Investment
Brighton recorded a vacancy rate of 0.2% in June 2026, which is lower than Brighton LGA 1.3% and Hobart Metro 0.7%. Vacancy rates in the past 12 months have remained stable, indicating a tight and resilient rental market. Further, a 0.2% vacancy rate is significantly below the 3.0% benchmark, indicating there is quicker occupancy of rental homes in Brighton. This creates a conducive environment for investors, especially due to a slightly lower house sales price (thus, entry price) in the past 12 months to Q2 2026.
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