Tassie Market Dominating the Nation
This week the crew cover off on how well the Tassie marketplace is performing across the whole nation. As a start, In the latest data from realestate.com.au, Seven Mile Beach houses have median days on market of just SEVEN. If you are interested in knowing what other suburbs in Tasmania have performed so well, listen in.
Nine of the nation’s 13 fastest markets are in the Greater Hobart region.
In the houses category, this included
Herdsmans Cove, West Hobart and Dodges Ferry at 11 days
plus Midway Point at 12 days.
In the units sector,
Brighton was the fastest at eight days,
followed by Moonah at 10, and Oakdowns, Glenorchy and Bellerive at 12.
Of the suburbs on the fast list, the largest changes in annual median price were:
Dodges Ferry (22.6 per cent growth), Glenorchy (17.7 per cent) Oakdowns (16.9 per cent).
West Hobart has the highest median at $750,000, followed by Seven Mile ($611,000) and Midway Point ($500,000)
Real Estate Institute of Tasmania president Mandy Welling said with such a mix of suburbs making the fast list, the simple explanation for the pace was the “limited supply of property for sale”.
“The decision-making timeline for many buyers is cut seriously short as many have missed out and are hopeful of not missing out yet again.
“Therefore, they make their decisions much quicker than they would under different circumstances.”
Mandy said seven days on the market was “quite the accolade for this wonderful suburb”.
“Seven Mile Beach was closely followed by Brighton, which has proven to be a first-home buyer sanctuary and wonderful for investors with solid returns.
“Services and schools are another attraction to this ‘family friendly’ location.”
Mandy described Midway Point, Glenorchy, Bellerive and Oakdowns at 12 days as “an incredible figure for these suburbs”.
“It’s a testament to Tasmania; our resilience, quality of product and lifestyle.”