Real Estate Hobart - Real Estate TAS

Real Estate Hobart TAS

The property boom that woke Hobart’s real estate agents and home owners with a start in 2003 is finally quietening as house and unit prices soften around Australia.

However, the recent renaissance of Hobart’s long-overlooked property market is set to continue as mainlanders head for a quieter, simpler life down south. In fact the recent price boom has added a decade’s worth of average annual price growth in just two years. 

A dramatic increase in migration has ignited Hobart's once sleepy property investment market with prices tipped to continue rising strongly this year.After years of losing population to the mainland, Hobart has turned the tide and is now a sought-after retirement and holiday home destination.

While some slowing is inevitable - and there are already signs that the recent strong price growth is moderating - local affordability remains good and rental markets are tight.

This means locals can look forward to continued rising prices while buyers will have to dig deeper in 2005 to secure their Hobart dream home.

ANZ's latest Property Outlook report says Hobart house prices have "great scope" for continued strong growth over 2005.

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