Lorna Wang
Dubbo, NSW+27
Regional Tasmania · Huon Valley
Franklin is a historic and picturesque riverside town nestled on the banks of the Huon River. Known for its rich maritime heritage, particularly in traditional wooden boat building, the town exudes an old-world charm with heritage buildings and a tranquil atmosphere. It's a close-knit community that appreciates a serene, scenic lifestyle, surrounded by the apple orchards and rolling hills of the Huon Valley, offering a blend of history, nature, and craftsmanship.
Market snapshot
Price register · May 2026
Median house
$575,000 - $750,000
Mid-band $663Kspread 26%
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Median unit
Detached-home market
No comparable transactions in this category.
Days on market
~31-71 days
Median listing-to-sold window. Shorter = tighter buyer field.
Auction clearance
Private-treaty market
Share of auctions sold. Brisbane skews private-treaty.
Rental yield
3.2% to 4.2%
Gross yield on house stock. Premium suburbs compress.
5-year house-price growth
+21% to +41%
cumulative since 2021Who buys here
Retirees · Lifestyle changers · Artisans and creatives
5-year trend
Modelled trajectory anchored on aggregated 5-year median figures. Indicative; not month-by-month observed data.
Market analysis
The property market in Franklin, Tasmania, reflects the town's character as a desirable lifestyle destination, which has seen significant growth followed by a recent market correction. After a period of strong appreciation, with five-year growth standing at a robust 31.2%, the market has recently softened. The current median house price is approximately $663,000, representing a year-on-year decrease of 10.9%. This cooling follows a broader trend seen in many regional lifestyle markets post-pandemic, as interest rate rises and affordability pressures temper buyer demand.
Supply and demand dynamics in this small, tightly-held market are nuanced. With only 16 house sales in the past 12 months, transaction volumes are low, meaning median price figures can be sensitive to the specific properties sold. Properties are currently spending an average of 51 days on the market, indicating a balanced but slowing environment where buyers have more time for due diligence compared to the market peak. The town's appeal is driven by its picturesque setting on the Huon River, its rich maritime history, and its strong community feel. These factors continue to attract retirees, tree-changers, and artisans, who are often less sensitive to mortgage rate fluctuations than first-home buyers, providing a stable underlying demand.
There is a notable absence of a unit or apartment market, with the housing stock consisting almost entirely of detached homes, many of which are heritage or character properties. This scarcity of diverse housing types underpins the value of freestanding homes. For investors, the rental market offers a respectable gross yield of around 3.72%, with a median rent of $450 per week. However, the low transaction volume and high owner-occupier rate of over 80% mean rental stock is limited. No major infrastructure projects are slated for the immediate area, suggesting that future growth will be driven by organic demand for its unique lifestyle offering rather than transformative development. The market's trajectory will likely be one of steady, sustainable growth long-term, following this period of price adjustment.
Franklin offers a rare blend of heritage charm and riverside serenity, representing a lifestyle investment that has now corrected to a more accessible price point.
Why a buyers agent
Engaging a buyer's agent in Franklin is crucial for navigating a market defined by its unique character and limited supply. Local properties often come with specific nuances, from heritage overlays and riverside land considerations to understanding the practicalities of septic systems and water tanks common in the area. An experienced agent possesses intimate knowledge of off-market opportunities, which are prevalent in a close-knit community where many sales occur through word-of-mouth. They can provide invaluable guidance on property values in a low-volume market where median price data can be volatile and misleading. Furthermore, an agent can connect you with trusted local experts for building inspections, particularly for older wooden homes, ensuring you avoid the pitfalls that an out-of-area buyer might easily miss. In Franklin, securing the right home is about more than just price; it's about understanding the town's unique rhythm and history, a perspective a local buyer's agent provides.
Live amidst beautifully preserved heritage buildings and the tranquil scenery of the Huon River. Franklin's rich history and strong connection to traditional wooden boat building create a unique and timeless atmosphere.
Experience a close-knit community with an active calendar of events, from local markets at the Palais Theatre to rowing on the river. It's a town that attracts artisans, retirees, and families looking for a peaceful and creative environment.
Enjoy the best of both worlds: a serene, rural setting that's only a 45-minute scenic drive from Hobart's city centre. The surrounding Huon Valley offers endless opportunities for hiking, fishing, and exploring Tasmania's natural beauty.
After a period of significant growth, the local property market has seen a price correction. This presents a more accessible opportunity for buyers to invest in a highly sought-after lifestyle location at a more reasonable value.
Compare
| Metric | This suburbFranklin | NearbyHuonville |
|---|---|---|
| Median house | $575,000 - $750,000 | $575,000 - $800,000 |
| Median unit | — | $400,000 - $550,000 |
| Auction clearance | — | — |
| Days on market | ~31-71 days | ~47-109 days |
| Year-on-year growth | -16% to -6% | +6% to +16% |
| 5-year growth | +21% to +41% | +72% to +92% |
| Rental yield | 3.2% to 4.2% | 3.6% to 4.6% |
| Postcode | 7113 | 7109 |
Snapshot date varies by suburb; see individual suburb pages for figures.
The place
Franklin is a captivating historic town located on the Huon Highway, approximately 45 kilometres southwest of Hobart, on the western banks of the Huon River. Its identity is deeply intertwined with the river and its apple-growing and boat-building past. The town's main street is lined with charming heritage buildings, antique stores, and cafes, creating a welcoming, village-like atmosphere.
Education in the area is served by Franklin Primary School, a government school catering for students from Kindergarten to Year 6. For secondary education, students typically travel to the nearby, larger town of Huonville, located just 7 kilometres north.
Public transport is available via Tassielink Transit, which operates regular bus services connecting Franklin to the major hub of Huonville and further on to Hobart, with the journey to the city taking approximately one hour. For drivers, the Huon Highway provides a direct and scenic route to the city.
The shopping and dining scene, while modest, is of high quality. Notable establishments include the Aqua Grill Café, Billy Hill Organic Store & Cafe, and several antique shops. The historic Palais Theatre serves as a community hub, hosting markets and film nights. For more extensive services and supermarkets, residents make the short trip to Huonville.
Recreation is centered around the beautiful Huon River. The Franklin Recreation Ground and the Franklin Foreshore Playground provide public spaces for leisure and family activities. A key attraction is the Wooden Boat Centre, a school and museum dedicated to traditional boat building that keeps the town's maritime history alive. The Franklin Riverside Walk offers a scenic path along the water, perfect for enjoying the tranquil environment and local birdlife.
Frequently asked
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The 5-year trajectory is a modelled curve anchored on the documented cumulative growth rate. Editorial review: 14 May 2026. Updated quarterly.
Verified professionals serving Franklin