Skip to main content

Edition 17, Wednesday 15 May, 2024

Page 1

1909

VOL. 116

NO. 17

|

WEDNESDAY MAY 15, 2024

Pouring a cuppa for cancer

|

PRICE $1.50 INC GST

• Jenny Knight, Mary Brown, Jodie Terry and Di Arnold preparing for the Northbourne Community Centre’s Biggest Morning Tea this Sunday. T SEE PAGE 5 FOR FULL STORY.

Bridport boom continues BY RACHEL WILLIAMS BRIDPORT HAS dominated the real estate rankings for the North-East Coast, with other rural areas across the region also showing positive signs. The coastal gem now sits alongside Binalong Bay as a top performer for the North-East corner, with only the East Coast towns of Coles Bay and Bicheno surpassing it, according to the latest Real Estate Institute of Tasmania report. Bridport’s median price increased by 1.5 per cent to $862,500 – which represents a 20.6% increase over the year and a 42.3% increase over two years. In comparison, Launceston’s median is

$578,000 and Hobart’s median is $715,000. The State’s most expensive suburb is Battery Point, with a median of $1.4 million, while the most affordable is Queenstown at $122,500. Bridport’s high median for the quarter comes after a decline in the number of properties sold, with only four sales recorded for the quarter. Water/House Real Estate’s Jodie Faulkner said Bridport was definitely holding the lead with sale prices. “Bridport enquiries have been running hot with mainland buyers over the last week with buyers selling up in Sydney at top dollar and making their way to Tasmania with their fortunes to

live a simple or slower lifestyle while still purchasing an amazing home in a seaside village with enough left over to live quite comfortably,” Ms Faulkner said. The number of sales were up in Scottsdale with eight recorded but the town saw a decrease in median price of 23.9 per cent on the quarter to sit at $400,000. “Scottsdale is holding okay,” Elders Real Estate representative Justin Wiggins said. “I’ve listed a number of properties that have had multiple offers which is good and we are finding the same with Branxholm and Ringarooma. “Vacant land had been very quiet, but just in the last fortnight I have sold blocks in Branxholm, Winnaleah and it looks like

Simmons Wolfhagen wills & estate planning lawyers will ensure your affairs are secure and your wishes for your family and loved ones are legally protected in case the unexpected happens. Make time for a Will.

swl-nea-fc-150524-wep

Make time for a Will

Wills and Estate Planning | Personal Injury (No win. No fee) | Family Law | Conveyancing & Property Law | Agribusiness Law |

Need expert legal advice? Contact Alex Hall today.

PROTECT THE ONES

YOU LOVE

I will sell one in Legerwood.” Derby had just two property sales recorded in the quarter with a median on $615,000 while George Town is sitting at $365,000 and St Helens is $522,500. Mr Wiggins said he was expecting a solid winter with interest from mainlanders. “If they keep rates where they are or cut them back a bit I reckon (the boom) will go again – there will be more confidence. I have already noticed more confidence in the last month to two months than there has been,” he said. Ms Faulkner predicted a further increase in house prices over summer 202425 and potential for a reduction in time on market.

03 6338 2390 alex.hall@simwolf.com.au simwolf.com.au/scottsdale

Scottsdale | Launceston | Smithton | Hobart | Kingston


Turn static files into dynamic content formats.

Create a flipbook
Edition 17, Wednesday 15 May, 2024 by NorthEasternAdvertiser - Issuu