Hobart's median house rents have grown to such an extent to be just $20 a week cheaper than Melbourne.
Domain's latest Rental Report finds Hobart's house rent at $420 dollars (+6.3%), units at $380 (+11.8%), both representing the largest increases of all capitals for the year.
Real Estate Institute State President Tony Collidge links it all back to ongoing stock shortage and the growth in property prices paid by landlords.
"With the demand that's there and it doesn't look like stopping because all the reports that have come out over the last three or four months are all saying the same thing that within Tasmania in 2019, we will probably still see some price growth."
He believes Launceston renters will continue playing catch up.
"Within Launceston is actually what was happening in Hobart probably about 18 months ago, again a shortage of property, its makeup is a little bit different to Hobart in that it does have a higher rental component to its market place."