Demand for Tassie properties pick up

Font size :
Sales of houses across Tasmania surged in the first quarter of 2007, a new report showed. The latest figures from the Real Estate Institute of Tasmania (REIT) showed house sales in Hobart jumped by 17.8%, Launceston climbed by 6.5% and the Northwest centres rose by 3.8%. Unit sales were more variable, increasing in Hobart and the Northwest by 8.8% and 25% respectively, but falling in Launceston by 16.9%. This increase in demand pushed the median price in the Hobart region by around $294,000. Inner Hobart saw the biggest jump of 9.1% to $409,000 in the same period. The fastest growing suburb was Queenstown which grew by 158% to $110,000 compared to the December quarter. Mole Creek is another top performer, with prices rising by 67% to $352,000, while Turners Beach grew 59% to $286,000. The most affordable suburb in Tasmania is Rosebery, where property costs $78,000 on average. Battery Point is the most expensive suburb in Tassie with an average price of $627,500. Rose Bay is not far behind with average prices of $600,000 and Tolmans Hill's average is $572,500. Prices in Rose Bay moved ahead 69% during the quarter to March.

It can be confusing to know whether to get a variable rate or fixed rate mortgage, and what features are important. That's why it's important to not only check the right rates, but make sure that you're getting the right features in your home loan. Get help choosing the right home loan

Mortgage News and Articles

How to tell when a housing market is cooling How to tell when a housing market is cooling

You need to check clearance rates, listings, and the price gap, among other factors Read more

Growing demand for green apartments in Sydney Growing demand for green apartments in Sydney Both owner-occupiers and investors favour eco-friendly buildings for their energy-saving features and reduced environmental footprint ... Read more

Are property investors as rich as they appear? Are property investors as rich as they appear? A multi-property portfolio doesn’t guarantee easy millions ... Read more

Be proactive about getting a better mortgage deal Be proactive about getting a better mortgage deal Apathy could be costing you a considerable amount of money over the lifespan of your loan ... Read more

More mortgage news and articles

Sponsored Links

Friday, Sep 22, 2017
Top Featured Rates
Top Bank Rates

Get help choosing the right home loan

Let us help you find the right home loan for your needs.

Tell us a bit about your circumstances:
  • Purpose of mortgage
  • Household Income
    $
  • How much do you want to borrow?
    $
  • How much deposit do you have?
    $
  • How much is your house worth?
    $
  • How much do you still owe on your mortgage?
    $
  • What type of mortgage do you have?


  • How much is your new home?
    $
  • How much do you want to borrow?
    $
  • How soon do you want a mortgage?
Next
  • First name
  • Last name
  • Where do you live?
  • Phone number

Special Offers

Related Keywords