The Hobart housing market has remained active in recent months, with both local and local owner-occupiers taking advantage of favorable selling conditions, Herron expert Todd White said.
Mark Davies, a real estate appraiser at HTW Tasmania, said the city is emerging as a hot spot for sea and tree changers and investors.
"It is often reported that interstate buyers are now buying with the intention of moving to Hobart for the foreseeable future with money in their back pockets after selling their homes on the mainland for a big profit and working from home when permitted, ”he said.
CoreLogic figures show that during the month, the median house price in Hobart rose 3.2% to $ 574,543. On an annual basis, the median house price has increased 16.5 percent.
Davies said investors looking for low cost deals head to the outer suburbs. Nonetheless, these investors would have to pay at least 10 percent more than the asking price.
"Conversations with major rental managers indicate that rental values ??are starting to stabilize due to affordability issues, but the demand is still there with high levels of inspections", a- he declared.
Midway Point, Sorrell and the surrounding area of ??Claremont are among the most popular outlying suburbs that investors consider.
Davies said it is essential that buyers research the market before making an offer.
“Simply put, anything that has a roof over it that is habitable and commendable is hot property right now,” he said. “As always, seek independent advice before making a decision about investing in this slice of paradise called Tasmania.”
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