Montrose

493 Main Rd, Montrose TAS

03 6273 5555

New Norfolk

40 High St, New Norfolk TAS

03 6261 2555

Hobart

141 Murray St, Hobart TAS

03 6231 0400

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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.

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.

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.

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

Glenorchy Research Factsheet 2nd Half 2017

The Glenorchy property market recorded a median house price of $310,000 and $232,500 for units in Q2 2017. This represents an annual price change of 21.8% and 8.1% respectively. Over the same time period, house prices in Glenorchy Municipality grew by 16.0% to $327,000 and unit prices grew by 7.3% to $235,000. Housing demand continues to drive the market in Glenorchy, with annual price growth exceeding that of the LGA. With a more affordable entry point that doesn’t compromise on capital growth, Glenorchy is the perfect place for first time home buyers and investors.

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

Glenorchy Research Factsheet 1st Half 2018

The Glenorchy property market recorded a median house price of $320,000 and $235,086 for units in Q4 2017, representing an annual price change of 13.9% and 24.1% respectively. Over the same period of time house prices in the City of Glenorchy LGA grew by 12.9% to $350,000 and unit prices grew by 7.9% to $259,000. Glenorchy’s property prices are well below suburbs within the Hobart Inner City area, uniquely offering affordability as well as high sustainable capital growth to home buyers and investors.

June 27, 2019, 4:55 a.m.

Hobart - Affordable & Liveable Property Guide 1st Half 2019

Median property prices in Hobart grew by 1.7% (houses) to $450,000 and 4.0% (units) to $340,000 between 2017 and 2018. During this time sales transactions softened by -41.1% (houses) and -50.3% (units), indicating that price increases were due to scarcity of stock. Compared to the 10.6% (houses) and 7.2% (units), median price growth quoted in the Hobart Affordable and Liveable Property Guide 1st Half 2018, this signals that the market is starting to return to a more sustainable level of price growth. This is great news for first home buyers, as they have been priced out of the market for the past 12 months by interstate investors.

May 20, 2019, 5:07 a.m.

Q2 2019 Key Market Indicators – Tasmania

The number of first home buyer loans approved in Tasmania (TAS) in the September quarter of 2018 was 483 loans, which is a significant 25.1% increase compared to the 12 months prior. This has earned TAS a gold award nationally in the PRDnationwide Q1 2019 Key Market Indicator Awards, for the most improved number of first home buyer loans. This confirms TAS as a haven for first home buyers, as it eclipses the 12-month growth to March quarter 2018 of 6.9%, and the June quarter 2018 of 20.5%.

May 20, 2019, 4:43 a.m.

Q2 2019 Key Market Indicators

Australian consumer sentiment read 100.7 index points in April 2019, exactly on the positive line of 100 index points, indicating that in general, Australians have a positive yet cautious outlook on the economy. This is interesting as the current consumer sentiment is on a -1.7% decline compared to 12 months ago (April 2018), which does not come as a surprise given past events such as: the Royal Banking Commission’s enquiry into the banking and financial sector, the handing down of the Federal Budget 2019, and the announcement of the 18 May 2019 Federal elections.

March 24, 2019, 11:29 p.m.

Ready, Set, Go… Regional! – Top 12 Affordable Hotspots 2019

Finding an affordable option in Australian capital cities is not easy, especially when you are a first home buyer. Australia’s home loan affordability index has been at the lower end of the scale since its peak in 1993 and 2002, with December 2018 figures showing a marginal improvement of 1.3% over the past 12 months.

March 5, 2019, 1:34 a.m.

Manufactured Home Estates: An Affordable Retirement Option?

The pressure of Australia’s ageing population and growing desire for affordability calls for an investigation into the diversity of housing options. According to the Australian Bureau of Statistics (ABS), during 2016 there were 3.7 million Australians aged over 65 years, representing 15% of the population. This is a significant increase from the 1976 ABS figure of 1.3 million people aged over 65 years, representing only 9% of the population.