As of the latest data available, the current vacancy rate for rental properties in Hobart is around 1.6%. This means that only 1.6% of rental properties in Hobart are currently vacant and available for rent.

This low vacancy rate indicates a high demand for rental properties in Hobart, which can make it challenging for tenants to find suitable accommodation. With such a tight rental market, tenants may have to compete with numerous other applicants for the limited number of available properties.

The low vacancy rate can also lead to increased competition among landlords, as they may be able to command higher rents or be more selective in choosing tenants. This can put pressure on tenants who may struggle to afford rising rental prices or meet the strict criteria set by landlords.

Overall, the current vacancy rate for rental properties in Hobart highlights the need for more affordable and accessible housing options in the city. It also underscores the importance of policies and initiatives aimed at addressing housing affordability and availability issues to ensure that all residents have access to safe and secure housing.