It wasn’t so many years ago that properties for sale for $1M in Hobart was a very rare event. Of course the asking price is not always the same as the eventual selling price, it is still an indicator of how things have changed.
Looking at the listings today, a search for properties over this value in Hobart’s inner suburbs only returned over 80 results for houses and apartments. See those listings here. If you added in suburbs further afield and rural properties, then the list is much longer.
Properties of this value have a smaller market of course and like the rest of the market some are snapped up super quickly and others seem to be listed for a very long time waiting for the buyer who will meet the vendor’s price expectations.
A report in The Mercury newspaper this week talked of six sales in one week over the $1M mark. Definitely a big week for real estate in Hobart.
This story from The Mercury.
One week, 6 $1m sales
It’s been a big sales week for Hobart, with at least six properties selling above the $1 million mark.
Stanwell Hall, the home of Australian landscape painter, John Glover, has sold after just two days on the market. Listed with Charlotte Peterswald for Property at $1.87 million, the six-bedroom 462 sq m West Hobart house is a classic blend of the Georgian and Edwardian architectural styles.
Built circa 1826 by Edward Walker and extended in 1917, Stanwell Hall was not only Glover’s home when he migrated to Van Diemen’s Land, it was immortalised in his 1832 painting Hobart Town which now resides in the Dixson Galleries, State Library of NSW. The artist for whom the Glover Prize is named lived in the house for less than a year before moving north to live near Ben Lomond.
Featuring ornate fireplaces, bay windows and decorative fretwork, the house is situated in a private but very central location on the fringe of the city. The property last sold in November 2004 for just over $1 million.
Knight Frank agent Steve Yannarakis has had a busy week, selling three Battery Point properties over $1 million and a fourth at $2.5 million.
11 King St, Sandy Bay, also went for $1 million on Monday to a couple from South Yarra, Victoria. Federation residence Beach Holme has been owned by just two families in the past 113 years. Featuring marble and timber fireplaces, high skirting boards, ornate cornices, ceiling roses, and the original New Zealand kauri pine staircase, the five bedroom home is primed and ready for a modernisation.
If you are in the market for a new home in Tasmania, whether you live here already or are planning to move, then get in touch if you would like us to search for the ideal property for you. Of course your budget does not need to be over $1 million!