Real Estate Tasmania Property

Real Estate TAS - Tasmania

The Real Estate Institute of Tasmania’s (REIT) January property market summary shows market momentum waned over the early part of 2005. The median sale price for houses was up just 1.8 per cent from December to $256,896. This compares to a 30.5 per cent increase in the year to January.

According to REIT’s data: 

• House sales are down 24.8 per cent over the year to December
• Unit, flat and townhouse sales fell by 37.2 per cent
• Land sales decreased 32.1 per cent

However, the REIT’s median sale price data tells the story of a property market in the throes of an unprecedented boom:

• The median house price rose 30.5 per cent to $256,896
• Median prices for units, flats and townhouses rose 28.6 per cent to $196,325
• The median price for a block of land rose 31.9 per cent for the year to $84,000. 
  

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