Balanced unit market in Hobart as demands increase: HTW
There is a balanced market of units in Hobart, according to Herron Todd White’s latest report.
The property valuation firm says that Hobart has a steady rental vacancy trend with a fair demand for new units.
This is supported by a steady trend of units being constructed as well as volume of units being sold.
Hobart’s unit market is rising with new properties almost never sold at prices that exceed their potential resale value.
A unit the one at 4/166 Bathurst Street, Hobart (above) was sold for $416,000. This is $19,000 below the median price of Hobart units.
Similarly a two bedroom unit at 7/37-39 Campbell Street, Hobart (below) was sold for $420,000.
