Tasmanian real estate performed well over the past year … https://finance.nine.com.au/2018/04/17/16/03/why-tasmanias-capital-is-the-countrys-fastest-growing-property-market
North Hobart was particularly strong … https://www.news.com.au/national/tasmania/from-austins-ferry-to-west-moonah-hobarts-northern-suburbs-are-flying/news-story/d5228bee2b8f6cfadbf8b61888940082
But with other Australian states now experiencing falling real estate prices, and with commentators saying this is just the beginning of a national decline, will Hobart and Tasmanian prices be dragged down too?
Given that Hobart rents are supposedly now within $10 of Melbourne you have to consider that Hobart may have reached bubble territory. With Sydney and Melbourne home prices sky high and falling, investors will be looking for somewhere to go.
There has of course been the Hobart tent city, reportedly inhabited by people who can’t get a rental property because of the Tasmanian government’s AirBnB policy.
But Tasmania is still Tasmania, wonderful, but with limited job opps and a small population.
Have a listen to Martin North, about the national market … https://www.youtube.com/watch?v=YSsVWimc3nE