Tasmania House Prices
Apartment/Strata
Land
–
–
–
Decrease
33%
50%
50%
Flat
67%
50%
50%
Increase
Based on industry data, the top suburbs where it is cheaper to buy than rent include Herdsman Cove, Chignell, Risdon Vale, Cagebrook, Bridgewater, Ravenswood, Rocherlea, Zeehan, Queenstown and Hillcrest. The performance of Hobart house prices has been less encouraging than other capital cities due to an underperforming state economy.
Rental The rental market in Tasmania is expected to be flat or weaken into 2013 with vacancy rates expected to hold by 50% of members or ease and trend upwards by the other 50%. All members agree that a combination of strong supply, affordability, overpricing and job losses will place downward pressure on weekly rental prices, which are expected to decrease in the first six months of the year.
Growth All Tasmanian members expect investor activity levels to increase, with 50% of members saying they will represent the strongest growth in activity for the state. 25% say growth will come from upgraders and 25% say it will be retirees.
2013 Property Market Outlook | First National Real Estate
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