Ensure you never miss an issue of the
real estate business bulletin
State of Markets - TAS July 2012

State of Markets - TAS July 2012

by Reporter 0 comments

Essential information, plus expert insight on what is shaping the national property market... 

TASMANIA

Fast figures

  • 2.6% - Vacancy rate for Greater Hobart, April 2012 (SQM Research)
  • 214,705 – Population of Greater Hobart (ABS)
  • 7% - Hobart’s unemployment rate, the highest in the nation (ABS)

Mt Stuart finding favour with sellers

North Hobart is still the capital’s hottest spot if you want to sell, but the neighbouring suburb of Mt Stuart is closing in on its trendy counterpart.

A list of the top 10 sellers’ markets in Tasmania, put out regularly by online real estate company realestate.com.au, included the hillside locale for the first time in February. Mt Stuart’s rise up the property ladder caused eastern shore suburb Acton Park to drop off the list.

Blue Edge Property director John Huizing said Mt Stuart offered good value, with a cross-section of properties ranging from stately homes to small cottages.

“It’s an area that appeals because of its position; it has been on the rise for some time,” he said. “From some parts you can walk in to the CBD and many areas in Mt Stuart boast spectacular views.”

Double first timers’ grant: REIT

Tasmania’s first home owner grant should be doubled to $14,000, the state’s top real estate body has said.

Real Estate Institute of Tasmania (REIT) president Adrian Kelly says upping the grant – if only for a period of 60 days – would have a huge and positive impact on the ailing real estate industry, as well as on the wider economy.

The incentive would help first home buyers enter the real estate market, create work within the building industry and have a flow-on effect for small businesses right across the state.

It would also offer much-needed relief within the overcrowded rental market as people moved out of rental accommodation and into their own homes.

Mr Kelly added that there were plenty of potential young buyers and an extra $7,000 would be just the incentive they needed.

State of Markets - TAS July 2012
lawyersweekly logo
promoted content
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 100 agents 2017

The REB Top 100 Agents ranking is the foremost ranking of agents in Australia. It has set the bar for excellence in Australian real estate. To be ranked as an REB Top 100 Agent is the standard real estate professionals strive for. See the full 2018 ranking here!

featured podcast

featured podcast
An industry where the resilient succeeds

Tim Heavyside believes that a strong support team and good foundations are paramount to success in the real estate industry, and with regu...

View all podcasts

Would you consider working for Purplebricks or a similar 'DIY' model?

Yes (7.2%)
No (80.9%)
Perhaps - make me an offer (12%)

Total votes: 209
The voting for this poll has ended on: July 13, 2018
Do you have an industry update?