The City of Hobart's Quarterly Economic Snapshot provides an overview of datasets that give an indication of economic activity in the LGA. To create a complete picture of activity in a place, no one data set should be considered in isolation. Data is updated every quarter as it becomes available.
$446M Dec Qtr 2024
SPEND Up 0.5% from Dec 2023 1.4% Annua to Mar 2024
CHANGE Down 1.7% from Dec 2023
131,600
Up 0.2% from Dec 2023 $200M
from Dec 2023
$970K Dec Qtr 2024 HOUSE PRICE Up 1.3% from Dec 2023
1,312,00
4.2% 12 mth ave to Dec 2024
Up 0.1 percentage points from Dec 2023
Spending Data
$446.5M
(Dec 2024)
Total Spend, City of Hobart
Quarterly Sum $M
Sources: CommBank, Council iQ
In the December 2024 quarter, resident and visitor spending in the City of Hobart was estimated at $446.5M. This was up 17.5% from the previous quarter due to Christmas/Black Friday Spending, but only 0.5% up from the same quarter a year ago. Tourism and Entertainment spending was up 1.5% from the previous year which led to night-time spending increasing by 2%.
Families were estimated to represent the largest spending cohort in all categories. Retirees spend more on food (36% share), while young adults are naturally more highly represented in Tourism and Entertainment (34%).
Attraction & Events +26%
(Change from Dec Quarter 2023)
Change in Spending by Category
% change; Ranked by size of spend
Other Discretionary Retail Supermarkets
Other Discretionary Retail Supermarkets
Department Stores, Clothing & Accessories Restaurants
Department Stores, Clothing & Accessories
Groceries and Other Food Retailing
Restaurants
Pubs, Taverns and Bars
Groceries and Other Food Retailing
Private Transport
Pubs, Taverns and Bars
Accommodation - Instore
Private Transport
Accommodation - Online
Accommodation - Instore
Takeaway and Fast Food Outlets
Accommodation - Online
Cafes
Takeaway and Fast Food Outlets
Attractions, Events and Recreation
Cafes
Breweries and Wineries
Attractions, Events and Recreation
and Wineries
42.4% Families spend (Dec 2024)
Share of Spend by Lifestage
Dec Quarter, $M
Consumer Prices
Over the twelve months to the March 2025 quarter, the CPI for Hobart rose 1.4%, well below the Australian Capital Cities average of 2.4%. This figure was down from the March 2024 Quarter where the CPI annual change was 3.1%.
The household spending category that saw the largest price growth over the year was Alcohol and Tobacco (7.1%). Transport saw the largest fall (-2.2%).
1.4%
(Compared to Mar 2024)
Alcohol & Tobacco
Largest Growth
Annual Inflation by Category
Transport
Largest Fall
Employment
131,600 (Average Dec Qtr 2024)
Employed Residents
Smoothed
The number of employed residents in the Greater Hobart area was estimated at 131,600 in the December 2024 quarter, largely unchanged from the year before (131,400).
The average 4 quarter unemployment rate for the City of Hobart was 2.9% and for Greater Hobart 4.2%. Both figures were slightly up from the year before. There were an average of 1,766 online job vacancies advertised in the December 2024 quarter, down 4.5% from the year before.
4.2% Greater Hobart (4 quarters to Dec 2024)
Unemployment Rate
4
1,766 (Average Dec Qtr 2024)
Online Job Advertisements
Building Approvals
The value of building approvals in the City of Hobart area was estimated at $200.1M in the 12 months to December 2024 quarter, down 13% from the year before ($231M). Residential building approvals were up (+18%), while non-residential fell (-30%).
Education ($187.3M) and Health ($137.1.M) buildings represented the largest value of non-residential buildings approved in the City of Hobart over the three years to December 2024.
$200.1M (4 quarters to Dec 2024) Hobart SA2 - $646.9M (Last 3 years)
Value of Building Approvals, CoH
$M, Rolling 12 months
Value Approved, Last 3 Years
- $187.3M (Last 3 years)
Approvals, City of Hobart, Last 3 Years
$Millions
Housing Costs
$970,000 (Median Dec 2024)
Median House Price
The median house price for the City of Hobart in the December 2024 quarter was $970,000, up 1.3% from the year before. The median unit price was $567,000 (-0.2%).
The median weekly rent for a house in the City of Hobart in the December 2024 quarter was $625, up 4.2% from the year before. The median unit weekly rent was $480 (+3.7%).
$567,000 (Median Dec 2024) $625/week (Median House Rent Dec 2024)
In the four quarters to December 2024, an estimated 1,120,000 Domestic Overnight Visitors came to the City of Hobart and 192,000 international visitors. Domestic visitation was unchanged from the year before, but international visitation was up 24.7%.
Domestic passenger numbers to Hobart Airport were estimated at 2,729,000 in the 12 months to December 2024, up 5.8%.
1,120,000 (4 quarters to Dec 2024)
Domestic Overnight Visitors ‘000s
Rolling 4 quarter ‘000s Dec-19Jun-20Dec-20Jun-21Dec-21Jun-22Dec-22Jun-23Dec-23Jun-24Dec-24
.id is the leading provider of small area demographic and economic data and analysis in Australia. Over 300 local councils and regional authorities across Australia and New Zealand commission our detailed local area profiles, which are then made available to the public as a shared resource for the community. For more economic data on Hobart and the rest of Tasmania, visit economy.id.com.au/tasmania.
This Report is prepared only for use by the City of Hobart and may only be used for the purpose for which it was commissioned. .id accepts no liability in connection with the recipients use or reliance on the Report. The content of much of this Report is based on ABS; CommBank iQ; and Jobs and Skills Australia Data. The data and the copyright in the data remains the property of the relevant entities. .id accepts no liability with respect to the correctness, accuracy, currency, completeness, relevance or otherwise of the Data.
