Hobart continues to be the strongest property 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 gathered strength throughout 2019 and is now in second place nationally – behind Victoria – on economic performance rankings, according to CommSec’s State of the State 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.
The steady rise of the state economy in recent years has had a major impact on the Hobart property market.
Homes sell faster in Hobart than anywhere else, price growth leads capital city Australia, and vacancies are the tightest of the capital cities.
Hobart presents an attractive package to investors, with affordable prices compared to the big 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.