Hobart continues to be the strongest market in capital city Australia - and its economic future is now fortified by the $1.4 billion City Deal signed by three levels of government.
Tasmania’s economy is gathering strength, having overtaken the ACT to claim third place on economic performance rankings, according to CommSec’s State of the States report.
Significant projects in the pipeline include an international airport to encourage direct flights for tourists, an Antarctic and Science Precinct at Macquarie Point, and a light rail network.
Homes sell faster in Hobart than anywhere else, price growth leads capital city Australia, and three Hobart suburbs are the most in-demand suburbs for renters nationally.
Hobart presents an attractive package to investors, with affordable prices compared to other capital cities, as well as attractive rental yields and low vacancy rates.
This report covers the suburbs of Hobart, Bellerive, Blackmans Bay, Claremont, Geilston Bay, Glenorchy, Howrah, Kingston, Lenah Valley, Lindisfarne, Moonah, New Town, Sandy Bay, South Hobart and West Moonah.
Tasmania was Hotspot of the Week on 23 July 2019