Hobart Hotspots 1st Half 2017
The PRD Hobart hotspots report analyses all suburbs within the Greater Hobart region. It provides valuable insight and highlights for the market, reporting on a number of key indicators to create a holistic picture of the property conditions in 2017. This report focuses on suburbs within a 10km radius of the CBD, taking into consideration the following factors:
- Sales indicators - the number of sales
transactions (suburbs with less than 20 sales are excluded in affordable
hotspots and top performer selection) and median price growth over the past
fifteen months between 2015 and 2016/17.
- Rental indicators - median rental price, rental
yield, and vacancy rates.
- Affordability - the average Tasmanian home
loan, which indicates the amount that banks are comfortable with in approving
for mortgage loans. We add 40% to this amount to indicate the maximum property
price. The average Tasmania home loan is $243,614** as at December 2016, which
is an increase of 2.4% over the previous quarter.
- Projects value - developments scheduled to
commence in the 1st half 2017, which includes mixed use,
infrastructure, industrial, and residential projects. This is key to
maintaining growth as it indicates a potential increase in economic and
commercial activity; as well as interconnectivity to key transport routes, the
CBD, and other major urban business hubs.
Hobart’s property market has sustained its consistent annual growth and is set to maintain the trend into 2017, as the state’s popularity continues to swell. With house and unit prices beginning to hit their strides in their respective upswing stages, and the rental market performing strongly; investors are continuing to find ample opportunities in the market.
For further information on each PRD Sydney 1st half 2017 hotspot please contact firstname.lastname@example.org