Only 6pc of homes within reach for average Tassie earners

Without a meaningful increase in housing supply, affordability will remain a significant challenge, says economist Angus Moore. Picture: Supplied The typical Tassie home costs less than other cities, but that doesn’t make it affordable. A median-income Tasmanian household could afford to buy just 6 per cent of the homes sold on the Apple Isle in the 2025-2026 financial year. Realestate.com.au’s new Housing Affordability Report revealed this was the worst result in Australia, with Tassie lower than South Australia at 7 per cent and NSW and QLD at 9 per cent. Report authors Luc Redman and Angus Moore found that affordability was a“ little better” for higher-income households in Tasmania than in other states, meaning the overall affordability was slightly higher. Senior economist Mr Moore said the declines in Tasmanian affordability had erased the modest gains made over the past two years. He said affordability is marginally better now than the record low recorded in FY23. MORE: ‘Authentic’: 1960s icon reborn for the modern era Winter slowdown shaves thousands off Hobart home prices $370k gap: how much an extra bedroom costs Hobart listings plunge as rest of nation lifts Angus Moore. ...