The Cost of Living in Hobart
The type of costs you can expect when living in Hobart
In many ways, Hobart’s cost of living is better than the other Australian cities. However, with an influx of new residents and businesses, the cost of living in Hobart is much higher than it used to be.
Hobartians enjoy low prices on some things. For example:
- The cost of electricity is comparatively low
- Prized local produce tends to be more affordable than it is on the mainland
- Public transport is cheap and effective
But there are some big expenses, too.
- Petrol can be more expensive than on the mainland
- Renting is getting costlier
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Finding a house in Hobart
Hobart has seen a sudden spike in popularity. People are moving to the city faster than anyone had anticipated. As a result, the demand for housing has increased, and this is driving up prices.
- Hobart has the lowest vacancy of any capital city in Australia. That means competition for available houses is very high.
- The average weekly asking price on a unit has grown by double digits in 2019, compared to 2018.
Even with the rising prices, it still tends to be much cheaper to rent in Hobart than places like Sydney and Melbourne.
Added benefit: Hobartians don’t have to endure the same sort of urban sprawl as their mainland counterparts. That means they can affordably live closer to the city centre, and spend less money on transport.
The cost of petrol in Hobart
No matter where you live in Australia, petrol prices are constantly in flux. In as short a time as it takes you to drive to work, you might see prices skyrocket as much as forty cents per litre. Hobartians have it especially tough; they usually pay higher prices for petrol than people on the mainland. Why?
- Fewer people in Hobart means fewer customers at each petrol station.
- To meet their costs, service station owners charge more per individual customers.
- As a result, Tasmanians can pay as much as 30c per litre above the wholesale fuel price.
The cost of public transport in Hobart
Hobart is serviced by public transport across the metropolitan and regional surrounds. There used to be trams in the city, but they were removed in the 1960s. Today, busses are the exclusive source of public transport. Even for Hobartians living on the east shore, busses across the bridge are far more common than ferries.
For cheaper fares, you should get yourself a Greencard. Not to be confused with permanent residency card in the United States, a Tasmanian Greencard is the equivalent of Melbourne’s Myki, or Sydney’s Opal.
The Greencard costs $25, and comes loaded with $20 of fare credit. By the time you use up all the credit and go to top up, it will more than have paid for itself.
These are the prices for an adult (cash/Greencard) as of 2019:
- 1 Zone: $3.50/$2.80
- 2 Zones: $4.80/$3.84
- All Zones: $7.20/$5.76
The cost of electricity in Hobart
The cost of electricity is much cheaper in Tasmania than it is in some of the mainland states. There’s always fluctuation, but in recent years, Tasmanians have, on occasion, found themselves paying about half the price compared to somebody in South Australia or the eastern states.
But be warned: It can get cold in Hobart, which is closer to the south pole than any other Australian city. Even though the cost for electricity per kilowatt-hour might be low, you might find yourself running the electric heater more often through the long winters. Still, at least it isn’t as cold as Launceston!
Local produce in Hobart
When you’re consuming local produce, it’s usually cheaper than something freighted in from a long way away. That’s because there are fewer costs involved. For example, there isn’t as much transport, and there’s not as much refrigeration needed.
If you already love buying products that come from the Hobart region (like apples, or Cascade beer) you’ll find these goods become a little bit cheaper when you’re a Hobart local.
Water bills in Hobart
Water bills are always changing, due to things like infrastructure and rainfall. Overall, though, the people of Hobart pay comparatively little for their water bills.
In 2016, for example, Hobartians paid under a dollar per kilolitre of water, compared with over two and a half dollars in Brisbane, and as much as five dollars per kilolitre in Canberra.
Watching football in Hobart
Tasmania doesn’t currently have its own AFL team, but a few AFL games are played in Hobart each year. Additionally, Tasmania has its own state football league. There’s plenty of excitement on offer. Plus, it’s affordable. During the home and away season in 2019, tickets were:
- $9 for adults
- $6 for concession
- Free for kids under sixteen