Mainland buyers account for 13% of Tasmanian sales: REIT
Mainland buyers constituted some 13% of sales in Tasmania during the December quarter, according to the Real Estate Institute of Tasmania (REIT) property report.
Tasmania’s median price was $305,000 and Hobart’s median price sat at $365,000 during the period.
The annual price change for the island and its capital city were both down about 4.6%.
During the quarter there were 442 sales with properties typically sitting on market for 55 days, compared with 43 in the December 2010 quarter.
The REIT report splits the suburbs of Hobart into three areas – inner, middle and outer.
Hobart inner had a median price of $471,310, Hobart middle had a median price of $320,000, and Hobart outer had a median price of $345,000.
Launceston’s median was $280,000, an increase for the quarter of 3.7% and annual change of 1.8%.
Top 10 Most Expensive Tasmanian Suburbs/Towns for the December Quarter
1. East Launceston, Launceston ($690,000, 5 sales)
2. Tranmere, Hobart Middle ($665,000, 5 sales)
3. Sandy Bay, Hobart Inner ($642,500, 44 sales)
4. Acton Park, Hobart Middle ($630,000, 7 sales)
5. Mount Nelson, Hobart Inner ($600,000, 5 sales)
6. Battery Point, Hobart Inner ($582,500, 6 sales)
7. Taroona, Hobart Inner ($530,000), 7 sales)
8. Seven Mile Beach, Hobart Middle ($515,000, 5 sales)
9. West Hobart, Hobart Inner ($470,000, 19 sales)
10. Dynnyrne, Hobart Inner ($460,000, 5 sales)
