A shortage of supply is creating strong demand for inner city property. Hobart has seen a modest rise in median sales price over the last 12 months with a recent boost now seeing the median price up to $50,000 above 2010 values. (The Mercury)
Historically, frustrated home buyers and investors will now start to consider property in the 'Northern Suburbs' with Moonah standing out as a potential Hot Spot. Mainland and international buyers have already turned their focus to the greater Hobart areas with Moonah, Lutana, West Moonah, Rosetta, Montrose and Berriedale showing great rental returns. Glenorchy is becoming more popular but the sleeping giant at the moment is Derwent Park and Goodwood. With the beautiful waterside park, the new boat ramp and the marina there is high demand for homes.
Satellite towns like Sorell and Margate are still going strong with Brighton emerging as a wonderful opportunity for investors, first home buyers and retirees. The new highway and ever increasing infrastructure is making Brighton an easy place to live.
What are your thoughts on the market?
Historically, frustrated home buyers and investors will now start to consider property in the 'Northern Suburbs' with Moonah standing out as a potential Hot Spot. Mainland and international buyers have already turned their focus to the greater Hobart areas with Moonah, Lutana, West Moonah, Rosetta, Montrose and Berriedale showing great rental returns. Glenorchy is becoming more popular but the sleeping giant at the moment is Derwent Park and Goodwood. With the beautiful waterside park, the new boat ramp and the marina there is high demand for homes.
Satellite towns like Sorell and Margate are still going strong with Brighton emerging as a wonderful opportunity for investors, first home buyers and retirees. The new highway and ever increasing infrastructure is making Brighton an easy place to live.
What are your thoughts on the market?