Handle's suburb model scores 125 Tasmania suburbs every week. As at October 2026, 18 are rated Prime (roughly the top 10% of 3,393 suburbs nationally) and 37 Strong. Prime Tasmania suburbs have a median house price of $666,750, a 4.6% gross yield and 0.9% vacancy. The strongest regions right now are Hobart, Launceston and North East and West and North West.
Highest-rated Tasmania suburbs with a profile on this site, as at October 2026. Ranked by Handle's model; we publish the band, not the score.
| Suburb | Region | Band | Median house | Gross yield | Vacancy | 12 months |
|---|---|---|---|---|---|---|
| Bridgewater | Hobart | Prime | $543,550 | 4.9% | 0.96% | +27.7% |
| Oakdowns | Hobart | Prime | $835,000 | 4.7% | 0.87% | +15.2% |
| Lenah Valley | Hobart | Prime | $870,000 | 4.0% | 0.57% | +14.5% |
| Kings Meadows | Launceston and North East | Prime | $695,000 | 4.3% | 0.84% | +26.4% |
| Moonah | Hobart | Prime | $710,000 | 4.9% | 0.52% | +10.9% |
| Legana | Launceston and North East | Prime | $815,000 | 4.6% | 1.11% | +11.6% |
| Geilston Bay | Hobart | Prime | $795,000 | 4.2% | 0.85% | +8.8% |
| Riverside | Launceston and North East | Prime | $728,250 | 4.6% | 1.14% | +10.3% |
| Longford | Launceston and North East | Prime | $650,000 | 4.6% | 0.34% | +15.7% |
| Youngtown | Launceston and North East | Prime | $672,500 | 4.7% | 0.84% | +15.9% |
| Glenorchy | Hobart | Prime | $661,000 | 4.7% | 0.75% | +16.0% |
| Devonport | West and North West | Strong | $601,000 | 4.6% | 0.88% | +18.5% |
| Montrose | Hobart | Strong | $690,000 | 4.5% | 0.75% | +11.3% |
| Upper Burnie | West and North West | Strong | $540,000 | 4.5% | 0.88% | +19.3% |
| West Moonah | Hobart | Strong | $725,000 | 4.5% | 0.52% | +6.6% |
Strong or better, with a profile on this site.
| Suburb | Band | Yield | Median |
|---|---|---|---|
| New Norfolk | Strong | 5.3% | $556,000 |
| Invermay | Strong | 5.2% | $538,500 |
| St Leonards | Strong | 5.0% | $677,200 |
| Bridgewater | Prime | 4.9% | $543,550 |
| Moonah | Prime | 4.9% | $710,000 |
| George Town | Strong | 4.8% | $475,000 |
| Lutana | Strong | 4.8% | $700,000 |
| Oakdowns | Prime | 4.7% | $835,000 |
Lowest vacancy, Strong or better.
| Suburb | Band | Vacancy | Median |
|---|---|---|---|
| Longford | Prime | 0.34% | $650,000 |
| Kingston | Strong | 0.50% | $828,000 |
| Moonah | Prime | 0.52% | $710,000 |
| West Moonah | Strong | 0.52% | $725,000 |
| Lutana | Strong | 0.52% | $700,000 |
| Lenah Valley | Prime | 0.57% | $870,000 |
| Ulverstone | Strong | 0.67% | $635,000 |
| West Ulverstone | Strong | 0.67% | $632,500 |
Regions ranked by Prime-rated suburbs. Medians across each region's Prime and Strong suburbs.
| Region | Prime | Prime + Strong | Median house | Gross yield | Vacancy |
|---|---|---|---|---|---|
| Hobart | 7 | 25 | $745,000 | 4.5% | 0.85% |
| Launceston and North East | 6 | 17 | $650,000 | 4.6% | 1.02% |
| West and North West | 5 | 12 | $633,750 | 4.4% | 0.88% |
| South East | 0 | 1 | $562,500 | 4.0% | 1.51% |
As at October 2026, the highest-rated Tasmania suburbs in Handle's model include Bridgewater, Oakdowns, Lenah Valley, Kings Meadows, Moonah, Legana. 18 Tasmania suburbs are rated Prime and 37 Strong. The best suburb for you depends on your budget, borrowing and plan, and every property still has to pass our 29-check screen.
Among Tasmania suburbs rated Strong or better, the highest gross yields are in New Norfolk, Invermay, St Leonards, Bridgewater. Higher yields usually come with lower prices and smaller markets, so weigh yield against vacancy and demand.
Vacancy is lowest in Longford, Kingston, Moonah, West Moonah, all at or under 0.52% as at October 2026. Below 1.5% is generally a tight rental market, which supports rents and shortens the time to find a tenant.
Our model scores 3,393 Australian suburbs on buyer demand, price growth, rental return and community fundamentals, refreshed weekly. We publish the band only: Prime is roughly the top 10%, Strong the next 20%, Watch the next 15%. A suburb rating is where we start, not where we stop.
Data as at 20 October 2026 from SuburbsFinder, ABS Census and public project sources, scored by Handle's suburb model. General information only, not financial advice. Past growth is not a guide to future growth.