Kunama Real Estate Agents and Property Developers | The 6 Biggest Pieces of News about Property in Greater Hobart THIS WEEK
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Hobart International Airport, Tasmania

The 6 Biggest Pieces of News about Property in Greater Hobart THIS WEEK

Tassie regions take over the mantle as leaders of nation’s property boom. HOUSE prices in Tasmania’s capital continue to climb and the State’s regional areas are now sharing in the boom with three regions leading the nation. In the 12 months to October 31, 2018, Hobart’s housing values increased by 9.7 per cent. The gain was even higher outside Tasmania’s capital where the annual change in dwelling values surged by a staggering 11.4 per cent.
“The regional housing markets of Australia have returned a diverse performance with regional Tasmania standing out as the only broad region nationally where dwelling values are recording double digit growth,” CoreLogic Head of Research Tim Lawless said. Realestate.com.au

 

A record number of international tourists flocked to Tasmania over the past year and spent more than half a billion dollars while touring the island. New figures from the Federal Government show international visitor numbers rose 21 per cent in the past year from 253,000 people to 307,000. The majority of people visited Hobart and the South, followed by Launceston and the North then the North-West, the East Coast, and the West Coast. Expenditure also rose 21 per cent, increasing from $457 million to $552 million, according to the International Visitor Survey results released today. The Mercury

 

Young families ditching Melbourne and Sydney for Hobart’s affordable housing. HOBART house prices are set to exceed the half a million dollar median price mark within three years — yet the capital will remain the nation’s most affordable. There has also been some relief for Tasmanian first home buyers, investors and renters with the latest quarterly figures revealing prices have fallen across most of the state. The 17th Australian Housing Outlook Report from QBE, released on yesterday, shows Hobart’s median house price will rise to $520,000 by 2021, a growth of 7.9 per cent. Realestate.com.au

 

Developers Need to Take Appropriate Measures to Prepare for Downturn. The Banking Royal Commission has sent tremors through Australia’s housing sector, and combined with a 67 per cent drop in offshore buyers, the nation’s slowdown has several serious implications for developers, builders and financiers. Australia’s construction industry employs 1.18 million people – about 9.4 per cent of the total workforce – a sizeable portion that would have implications on unemployment rates should the nation’s housing market stall, according to Ernst and Young research. The Urban Developer

 

Ample work for skilled workers in Hobart. Skilled job vacancies in Hobart have hit a four-year high with record hiring for health and welfare workers. But low-skilled and entry-level Tasmanian jobseekers are fighting it out with more applicants than anywhere in the country with an average of 12 workers applying for each position. September’s Department of Jobs and Small Business Internet Vacancy Index by CommSec showed online skilled job advertisements in the state’s capital rose to their highest level in four years. The Mercury

 

HOBART’S median age has reached 40 — making it the oldest capital city in Australia, but the youngest area in Tasmania. The Tasmanian capital has a median age of 39.8, which is more than a year older than the next oldest capital of Adelaide at 38.7. The new Australian Bureau of Statistics population data shows Greater Hobart’s median age of 39.8 in June 2017 was up slightly from 39.2 years in 2012. But the median age in the rest of Tasmania grew faster over the same five-year period, from 42 to 44.1 years. NTNews

Weekly auction results

Results for Tasmania for the week 22nd October to 28th October 2018

Clearance Rate: 100% · Reported: 2 · Sold: 2 · Not Sold: 0

Looking for more information about your area? Contact the team at Kunama. We can help you buy, sell and manage Tasmanian Property.  

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