WorkinHobart - Invest

Strategic location, growing economy, government incentives – your investment opportunity.

Hobart offers a compelling investment proposition as a regional city with metropolitan-level growth potential. The city's diversifying economy, spanning construction, manufacturing, agriculture and tourism alongside a growing knowledge and innovation sector, creates opportunities across a wide range of industries.

Investment climate

Hobart has experienced steady growth, with employment in Tasmania rising at an impressive rate. Key economic indicators include Tasmania's current unemployment rate of 4.8% (Tasmanian Government, April 2026), growth in the tourism, healthcare, and renewable energy sectors, and substantial investments in infrastructure. Tasmania's property market also shows promise, with Hobart’s property market experiencing annual growth.

These indicators highlight Hobart as a city in transition, with opportunities for investors who are looking to capitalise on the emerging sectors before they become fully recognised in the market.

Government incentives & strategic support

Working with government

Tasmania's relatively small size and accessible government structure mean businesses can engage directly with decision-makers rather than navigating multiple layers of government. Planning approvals, land access, workforce support, and industry connections can often be progressed more quickly than in larger states. Business Tasmania is the practical starting point for businesses looking to establish or expand in Hobart, offering guidance on available support, regulation, and local networks.

Regional development programmes

Hobart benefits from ongoing state government commitment to economic development, most recently reflected in the Economic Diversification and Investment Strategy , which is focused on unlocking private investment, lifting productivity, and activating regional opportunity across Tasmania. Government support is directed through the Tasmanian Development Board , which works to attract investment, support industry growth, and strengthen economic connections across the state.

Commercial real estate opportunities

Office space & business parks

Hobart offers competitive commercial real estate options with lower rental rates than in larger cities such as Melbourne and Sydney. Modern office spaces and business parks are available across the city, particularly in key locations like the Hobart CBD, the Tasmanian Innovation Hub, and the Macquarie Point development area.

Rental rates in Hobart are highly competitive: Premium office space at $350–$450 per sqm, business park space at $180–$250 per sqm, and industrial/warehouse space at $100–$150 per sqm.

Industrial & manufacturing

Hobart’s strategic location on the Derwent River, coupled with the Port of Hobart’s growing capabilities, makes the city a prime spot for manufacturing, logistics, and export-oriented businesses. The city’s strong transport infrastructure, along with access to skilled workers and government incentives, creates an ideal environment for advanced manufacturing.

Investment sectors

Technology & innovation

Hobart’s emerging tech sector presents exciting opportunities for investors in areas such as fintech, health tech, clean energy, and renewable resources. The Tasmanian Government is focusing heavily on fostering innovation and supporting the development of digital technology, software development, and renewable energy projects.

Healthcare & aged care

As Australia’s population ages, Hobart offers significant investment opportunities in healthcare services, aged care, and related industries. These include investments in aged care facilities, medical centres, and allied health services, which are in high demand in Hobart and Tasmania due to an ageing population.

Tourism & hospitality

With its natural beauty and historical charm, Hobart is a growing tourism hub. There are numerous opportunities to invest in boutique accommodation, restaurants, and recreational facilities. Hobart's appeal to both domestic and international tourists continues to rise, creating a thriving market for tourism experiences and event facilities.

Business establishment support

Starting your business

Hobart offers comprehensive support for entrepreneurs and businesses looking to establish themselves in Tasmania. Resources available for business planning, regulatory compliance and supplier connections include support from Business Tasmania and the Tasmanian Chamber of Commerce and Industry .

Networking & professional development

Hobart offers strong networking and professional development opportunities through active business groups, industry associations and startup communities. Regular events, workshops and mentoring programs support skill development, collaboration and connections across sectors, helping professionals, entrepreneurs and businesses grow within Tasmania’s evolving economy.