tasmania real estate
Tasmania offers a sea change for people from the big markets of Sydney and Melbourne. Tasmania real estate agents are predicting that house prices in Tasmania will continue to grow.
For people wishing to buy Tasmania real estate as a place to live and work, most would be looking at the major hubs of Hobart or Launceston. This is where most of the jobs in Tasmania are. Here prices have grown steadily and will continue to do so. Already they are showing signs of almost equaling median house prices in mainland cities such as Adelaide and Brisbane.
Tasmania is a small island; therefore land is more scarce than in the rest of the country. This is good news for Tasmania real estate investors as prices only have one way to go when there is a scarcity of land - that is up!
There have been some exceptionally growing suburbs in Tasmania this year. Some of the highest capital growth areas in the second half of 207 have included:
Ansons Bay growth Battery Point Beauty Point Berriedale Bridgewater Campbell Town Coles Bay Fingal Huonville Orford Primrose Sands Rokeby Rosebery White Beach
All of the above suburbs have grown over 20% in median house value in the second half of 2007.
The below suburbs have experienced negative growth in late 2007, however prospects for recovery are good for most.
Negative capital growth suburbs in late 2007: Beaconsfield Binalong Bay Evandale Legana Oatlands Port Sorell Prospect Vale Romaine Scottsdale South Arm Turners Beach Wavereley
The Future of Tasmania's real estate market looks promising. More and more people will be moving Tasmania as more jobs are created. Migrants will be placed here as mainland Australia becomes more and more crowded. In addition to this, more people are seeing Tasmania as a luxury retreat and feel that having a holiday house there makes not only for a great investment, but a great getaway opportunity too.