The property market in Tasmania

ANZ housing snapshot JUNE 2011 says; "in Australia, Hobart remains one of the most affordable housing markets"

median house prices, Dec 2010
City Median Price ($'000) Annual change
Sydney 605 + 6.6%
Melbourne 558 + 8.4%
Brisbane 459 - 1.0%
Adelaide 405 + 3.6%
Perth 487 - 2.3%
Hobart 467  
Darwin 540 + 4.8%
Canberra 560 + 2.5%
median unit prices, Dec 2010
City Median Price ($'000) Annual change
Sydney 461  
Melbourne 440  
Brisbane 375  
Adelaide 335  
Perth 400  
Hobart 316  
Darwin 400  
Canberra 415  
(Source: RPData & APM)

Check median house prices in other areas of Tasmania by using the commonwealth bank property value guide.

More information and useful links are on the following pages:

  • Buying a home in Tasmania

    The sale of your home in an Australian mainland capital city should allow you to find an acceptable replacement in Tasmania and have money to spare.

  • Renting a property in Tasmania

    In general, rents in Tasmania are low compared to mainland capital cities.

  • Building a home in Tasmania

    There are skilled and accredited builders in Tasmania. Buying land and building to your specifications is an option.

the importance of aspect in Tasmania

When buying a home in Tasmania it is desirable to find one that faces north. The ideal aspect is north-east. That means you will get the morning sun and natural warmth and light throughout the winter.

articles:

  • Land Tax in Tasmania
    Don’t get caught paying someone else’s land tax.
  • Paying a fair price
    negotiating a fair price when buying property.
  • Hobart luxury apartment market
    Three Hobart penthouses have sold recently for $3 million or more.

Tasmanian real estate guides

Tasmanian newspapers print weekly real-estate sales supplements. The Hobart Mercury publishes theirs every Friday. The Launceston Examiner and the North West Advocate publish their guides every Thursday.

The Mercury has rental listings in the Wednesday and Saturday editions.

You may be able to order these publications through your local newsagent.

Settled In
is a Home Search and Relocation Service operating in Hobart, Tasmania.

For relocation and settling assistance please see settledin.com.au

Tasmanian properties
Median house prices in Tasmania are generally lower than in capital cities on the mainland. © T CHANGE

DID YOU KNOW?

There are no termites in Tasmania.

Take care when purchasing real estate in Tasmania

When you sign a contract to purchase real estate in Tasmania there is no cooling off period.

We advise readers to do their research carefully before committing to a purchase. Inspect the property in person before signing a contract. Check with the local municipal council to ensure that the property will not be affected by future road or other developments. Get a professional, independent inspection report on the soundness of the building and, most important of all, approach an independent registered valuer for a report on the value of the property.

Property Focus Tasmania

This report, available from the Real Estate Institute of Tasmania, is a comprehensive report covering the state of the real estate market in Tasmania. It costs $22.00. Find details and a sample of the information included on the reit website.