5 resolutions for home buyers this new financial year
Getting your affairs in order
Buying a co-owner out of a property
CoreLogic National housing Update June 2018
June Market Outlook
Adelaide June 2018
Brisbane June 2018
Cairns June 2018
Canberra June 2018
Darwin June 2018
Gold Coast June 2018
Melbourne June 2018
Newcastle June 2018
Perth June 2018
Regional NSW June 2018
Regional NT June 2018
Regional QLD June 2018
Regional VIC June 2018
Sydney June 2018
Tasmania June 2018
Wollongong June 2018
CoreLogic NSW housing Update June 2018
CoreLogic QLD housing Update June 2018
CoreLogic SA housing Update June 2018
CoreLogic VIC housing Update June 2018
CoreLogic WA housing Update June 2018
Winter warmers: hot tips to heat your house for less
Preparing your home for sale
What you need to know about commercial loans
Tasmania June 2018
The month in review: Tasmania
By Herron Todd White
Hobart continues to lead the nation’s capitals with regard to residential capital growth and rental growth. Indicators suggest some suburbs (not just inner city but also those lying in the middle band such as Montrose and Oakdowns) may approach 10% capital growth for the first six months this calendar year. A recent rental affordability survey had Hobart as the least affordable city for rents in the nation with 29% of average income required to pay a median rent (Sydney was next at 27%), however it should be noted that incomes on average are well below the larger mainland cities.
Both the house and unit markets continued to be fueled by a lack of stock to the market. Agents are reporting reduced listing opportunities with one of the better-performing agents telling me this week he had not had a listing opportunity in over a week.
For the second half of the year, we envisage continued upward pressure on both rents and house and unit pricing but suggest there may be a cooling effect to some degree.
As we enter the winter months with less tourism, some of the Airbnb housing stock should be released to the market which could ease the rental stress/ shortage being experienced.
Launceston is a similar story to the state’s capital, with strong capital growth also approaching 10% for the six months in some suburbs (the stand out is South Launceston), sub 2% vacancy rates and stock shortages to the market especially in suburbs such as South and West Launceston.
On the north-west coast, Devonport continues to enjoy a recovery in pricing and Burnie has lifted itself off the floor and is starting to follow the other main centres in an upward trajectory
DISCLAIMER: The information contained in this article is correct at the time of publishing and is subject to change. It is intended to be of a general nature only. It has been prepared without taking into account any person’s objectives, financial situation or needs. Before acting on this information, Smartline recommends that you consider whether it is appropriate for your circumstances. Smartline recommends that you seek independent legal, financial, and taxation advice before acting on any information in this article.