Consumer confidence creates Hobart housing crisis
A significant drop in property’s listed for sale in greater Hobart is directly at odds with growing demand for properties as the job market heats up.
Hobart has seen a 16% drop in property listings over the same period in 2014, according to this week’s Property Market Indicator statistics released by data and analytics experts CoreLogic RP Data.
Hobart’s property listing drop comes at the same time that the job market shows steady growth.
The weekly property data shows that Hobart’s housing market is performing very differently to every other capital city in Australia. The next low performer is Melbourne, with just a 5.7% drop over the previous year. Comparatively, Perth has seen a 15.7% increase in property listings during the period.
Australian Bureau of Statistics data shows job listings have been on the increase since the election in March 2014, reflecting growing consumer confidence and creating a unique property market not that is not reflected in the rest of Australia.
Fall Real Estate property consultant Martin Waldhoff said that, based on these local conditions, there has never been a better time to sell.
“It’s a sellers market,” Martin says. “We are seeing a drop in listings across Hobart, Glenorchy and Clarence compared to even a year ago.”
“Coupled with keen interest from interstate and overseas buyers, this situation is not reflected anywhere else in the country.”
Martin said, based on his experience, the market was not likely remain the same in the long term but offered a unique opportunity for anyone ready to take advantage of it.
MORE INFORMATION
Martin Waldhoff
Phone: 0422 426 065
Email: [email protected]
A significant drop in property’s listed for sale in greater Hobart is directly at odds with growing demand for properties as the job market heats up.
Hobart has seen a 16% drop in property listings over the same period in 2014, according to this week’s Property Market Indicator statistics released by data and analytics experts CoreLogic RP Data.
Hobart’s property listing drop comes at the same time that the job market shows steady growth.
The weekly property data shows that Hobart’s housing market is performing very differently to every other capital city in Australia. The next low performer is Melbourne, with just a 5.7% drop over the previous year. Comparatively, Perth has seen a 15.7% increase in property listings during the period.
Australian Bureau of Statistics data shows job listings have been on the increase since the election in March 2014, reflecting growing consumer confidence and creating a unique property market not that is not reflected in the rest of Australia.
Fall Real Estate property consultant Martin Waldhoff said that, based on these local conditions, there has never been a better time to sell.
“It’s a sellers market,” Martin says. “We are seeing a drop in listings across Hobart, Glenorchy and Clarence compared to even a year ago.”
“Coupled with keen interest from interstate and overseas buyers, this situation is not reflected anywhere else in the country.”
Martin said, based on his experience, the market was not likely remain the same in the long term but offered a unique opportunity for anyone ready to take advantage of it.
MORE INFORMATION
Martin Waldhoff
Phone: 0422 426 065
Email: [email protected]