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493 Main Rd, Montrose TAS

03 6273 5555

PRD New Norfolk

40 High St, New Norfolk TAS

03 6261 2555

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141 Murray St, Hobart TAS

03 6231 0400

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Nov. 11, 2019, 6:21 a.m.

Q4 2019 Key Market Indicators – Tasmania

There is a changing property landscape in Tasmania (TAS), particularly in terms of home loan affordability and first home buyers. In the March quarter of 2019, TAS recorded a 13.1% annual growth in the number of first home buyer loans, earning it a gold award nationally in the Most Improved Number of First Home Buyer Loans category.

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Sept. 30, 2019, 2:13 a.m.

New Norfolk Property Market Update 2nd Half of 2019

In Q2 2019, New Norfolk recorded a median house price of $220,000, and a median vacant land price of $70,000. This represents annual (Q2 2018 – Q2 2019) median price growth of 7.4% for houses and 12.5% for land. Total sales in both markets slowed annually, down by -11.8% for houses to 30 sales and by -52.4% for land to 10 sales in Q2 2019. Limited land sales make this data volatile; however, the market still clearly presents excellent value to buyers.

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Sept. 30, 2019, 2:07 a.m.

Glenorchy Property Market Update 2nd Half of 2019

In Q2 2019, Glenorchy recorded a median house price of $380,000, and a median unit price of $259,500. This represents annual (Q2 2018 – Q2 2019) median price growth of 2.0% for houses and a price softening of -6.1% for units. At the same time, total sales in both markets slowed in Q2 2019, down by -34.8% for houses to 30 sales and by -8.0% for units to 23 sales. A lack of on the market property amidst strong demand suggest now is the time to sell.

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Sept. 3, 2019, 4:56 a.m.

Metro Strata Report 2019

With the state of residential strata development currently a hot topic nationally, it is important to gain an overall understanding of each Capital City Metro market’s development pipeline. The PRDnationwide Strata Development Pipeline Capital City Metro Areas September 2019 aims to provide a high-level view of total, proceeding, and deferred/abandoned strata developments, both in terms of number of projects and number of units/apartments planned for the market, between 2018-2020.

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Aug. 28, 2019, 7:08 a.m.

Q3 2019 Key Market Indicators – Tasmania

In the 12 months to the March quarter of 2019, Tasmania (TAS) recorded a 13.1% growth in the number of first home buyer loans, earning it a gold award nationally in the most improved number of first home buyer loans category in the PRDnationwide Q3 2019 Key Market Indicator Awards.

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July 18, 2019, 5:55 a.m.

New Norfolk Property Factsheet 2nd Half 2018

Compared to the Derwent Valley Local Government Area (LGA), houses in New Norfolk can be secured at a more affordable price, which is good news for first home buyers looking to enter the market. Now is the time to secure a dream property in this lucrative property market.

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July 18, 2019, 5:55 a.m.

Glenorchy Property Factsheet 2nd Half 2018

The Glenorchy property market has grown from strength to strength over the past 12 months to Q2 2018. Compared to the Glenorchy Local Government Area (LGA), houses in the Glenorchy property market can be secured at a similar price, however with higher capital growth. Units in Glenorchy are more affordable than those available in the LGA.

Factsheet 1st Half 2019

July 18, 2019, 5:55 a.m.

Glenorchy Property Factsheet 1st Half of 2019

Q4 2018 saw Glenorchy record a median house price of $393,500, and a median unit price of $237,500. This represents an annual (Q4 2017 – Q4 2018) price change of 6.4% and -13.9% for houses and units respectively. By comparison, the 2nd Half 2018 Glenorchy Property Factsheet reported an annual (Q2 2017 – Q2 2018) price growth of 22.6% for houses and of 3.7% for units. Property in Glenorchy has thus become comparatively more affordable, with houses seeing a more sustainable level of growth and units seeing some cooling in median price. That said, this sudden shift in median unit price is in part reflective of a small sales pool, which can naturally result in larger price movements.

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July 18, 2019, 5:55 a.m.

Glenorchy Property Factsheet 1st Half 2017

Housing demand continues to drive the Glenorchy market with house median price increasing by 8.1%. For those looking to sell, now is the right time as properties are selling faster and closer to their original asking price.

2nd Half 2017 Research Factsheet

July 18, 2019, 5:55 a.m.

New Norfolk Property Factsheet 2nd Half 2017

New Norfolk recorded a median house price of $215,000 representing an annual price change of -4.9%. New Norfolk property prices sit at 0.7%, slightly above that of Derwent Valley LGA ($213,500), thus suggesting affordability for those wanting to enter the housing market.