General
Tasmania’s real estate market soaring, north-west prices up almost 30 per cent
There appears to be no sign of the Tasmanian real estate market slowing down, with the state recording its strongest growth since 2002.
Key points:
- Sales in Tasmania are up 14.4 per cent on last year
- Median house prices increased across all regions but in the north-west jumped 28.5 per cent
- Devonport recorded more transactions than any other city, town or suburb in the state
Data from the Real Estate Institute of Tasmania’s quarterly report shows sales are up 14.4 per cent on last year, with a massive 32 per cent jump in value.
There were 144 sales over $1 million, a whopping 162 per cent increase on last year.
For years, the Hobart real estate market has been the star performer, but prices in the state’s north-west are now soaring.
Median…
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