Just thought we would give you an update on the Tasmanian real estate market at this time.
The Real Estate Institute of Australia (REIA) has released new data showing recent modest price growth in most of the nation’s capital city property markets.
In the December quarter Real Estate Market Facts report from REIA, most capital cities recorded increases in their median house prices, which are now up 0.7 per cent on-quarter to $522,696.
Most importantly for you, The biggest jump came from Hobart, which increased by 5.8 per cent, although Hobart still has the lowest overall median price of the capitals.
“Despite the increase being small, the December quarter improvement is the best improvement recorded during the year,” the president of the REIA, Pamela Bennett, said.
Sydney’s median prices, although unchanged, remain the nation’s highest at $636,822.
For an expert analysis of the Tasmanian real estate market we suggest you read this blog post.
For a full analysis of the December quarter real estate market then check out our previous post on the December quarter real estate market in Tasmania.
So perhaps the tide has turned in at least the Hobart property market. Overall it is still a buyers market but we believe it is an excellent time to start finding that right property.
If you are interested in property in Tasmania and don’t have the time or expertise to conduct the search yourself then we recommend you take a look at our Tasmanian house search services.
If you have already found a potential property but want it assessed and inspected for you to save on travel costs and time then check out our Home and location assessment services.
If you would like to personally discuss your needs then you can just email Jo directly and we can discuss your precise needs.
Remember we service the whole of Tasmania including Hobart, Launceston, Devonport and Burnie, just to name the major areas but many regional areas are also very popular.
If you have any questions about the process of searching for a house, the Tasmanian real estate market, or our services just post a comment to this blog post or contact us directly and we will do our best to help you out.
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We look forward to chatting with you.