Well some good news for the Tasmanian property market. House sales are increasing and prices are rebounding. It may well be a good time to buy now.
Let us know what you think of these market moves.
This story from The Mercury.
Property sales boost
AFTER a tough year the Tasmanian property market may be bouncing back, with last month’s figures showing a lift in sales.
Following two consecutive monthly decreases, November house sales improved with an 8.3 per cent increase for the month and a decrease of only 1.9 per cent on last year.
Real Estate Institute of Tasmania state president Adrian Kelly said he was optimistic the rise would continue.
“Anecdotally, REIT reports that the positive market signs have continued in December with a higher level of buyer inquiries and more listings,” he said.
The actual REIT December sales analysis, which features 95 per cent of all agents in the state, won’t be available until January.
Hobart house sales remained steady for the month, while Launceston house sales increased 2.9 per cent for the month.
Median house prices decreased by 4.4 per cent across Tasmania for the year, with a 2.3 per cent increase for the month.
This increase was attributed to a 7 per cent increase in Hobart, reaching a median house price of $390,500.
It seems that now is a good time for buying and Settled In can assist you with your property search. Please contact us to discuss your personal needs and we can work out a personal tailored plan for your Tasmanian home search.
What suburbs are you investigating? Which area do you think is good for buying? Please let us know your thoughts in the comments below.