Tasmania is trumping the mainland as a hotspot for property investors, with LJ Hooker reporting a 73 per cent increase in sales across the state.
When comparing year-on-year results, the LJ Hooker Tasmanian franchise group said it achieved “unprecedented” sales results that surpassed growth patterns across the country.
LJ Hooker Tasmania state manager Paul O’Regan said the April results “outshone” all the capital cities on the mainland.
“LJ Hooker Tasmania had huge year-on-year growth for April that was incomparable to any other state, with a 25 per cent increase in appraisals, 33 per cent increase in new listings and 73 per cent increase in settled sales,” he said.
“These results are reflective of a number of key things, including great rental yields in Tasmania at the moment, historically low interest rates and a shift in house prices trending upwards,” he added.
According to RP Data, southern Tasmania, northern Tasmania and greater Hobart have experienced a 9.3 per cent, 0.3 per cent and 4.6 per cent increase respectively in home values in the 12 months from March 2013.
Meanwhile, LJ Hooker Coffs Harbour will be auctioning a prestige beachfront property with all proceeds going to Destiny Rescue Australia, a non-profit organisation dedicated to rescuing children from human trafficking.
A Coffs Harbour businessman had all the materials and labour donated by local tradesmen in support of the cause.
The house will go to auction on the 5 July 2014, with the price range above $850,000.