Hobart housing demand higher than anywhere in Australia

We often travel across Bass Strait with our removals service to Tasmania and it is no surprise to us as to how the housing market is booming in the Apple Isle.

Demand for Hobart residential property was higher than anywhere in Australia in the first three months of the year, a report has revealed. The realestate.com.au Property Outlook report, to be released today, shows demand in the southernmost capital is double that of Melbourne, the second-most in demand city.

Hobart listings experienced 4500 average page views — significantly higher than Melbourne’s average of 2267. The report also shows Hobart’s demand level has grown by 48 per cent over the past 12 months, the highest in the nation.

View chief executive and Real Estate Institute of Australia board member Adrian Kelly said there was no doubt that Hobart was well and truly at the “top of the cycle at present” with many people trying to secure a property and turnover levels being very low. He said this had caused a perfect storm, particularly while interest rates were so low. “Our high rental returns are also very attractive to local and mainland purchasers alike looking to secure a rental property,” Mr Kelly said.

If you are relocating to or from Tasmania and the Mid North Coast of NSW then contact Ahern’s Removals for a no obligation furniture removal quote today.