CoreLogic National housing Update September 2018
September Market Outlook
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Adelaide September 2018
Brisbane September 2018
Canberra September 2018
Darwin September 2018
Gold Coast September 2018
Melbourne September 2018
Newcastle September 2018
Perth September 2018
Regional NSW September 2018
Regional NT September 2018
Regional QLD September 2018
Regional VIC September 2018
South West WA September 2018
Sydney September 2018
Tasmania September 2018
Wollongong September 2018
CoreLogic NSW housing Update September 2018
CoreLogic QLD housing Update September 2018
CoreLogic SA housing Update September 2018
CoreLogic VIC housing Update September 2018
CoreLogic WA housing Update September 2018
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Tasmania September 2018
The month in review: Tasmania
By Herron Todd White
Apologies to the original author of that ditty. As we head into the death throes of winter, agents in both Hobart and Launceston are crossing their collective fingers and toes that there is a seasonal spring rush to market. Put simply, listings through most price segments and most metro suburbs are tight.
The strong (especially) first half of 2018 not only saw solid and at times surprising capital growth, it also removed much of the more desirable stock from the market.
Typically, spring is a good time to list in our southernmost state. The frost has thawed and the garden comes out of hibernation. People start to move around more given the Antarctic breeze has gone. The days start to stretch out again from the gloom of June. Simply put, everything is just brighter!
That said, this winter did see some surprises in many coastal holiday townships. The drift back to having that seaside beach house is certainly in full swing and we saw many purchasers active in the market.
Bridport, St Helens and Orford were stand outs with a few stories of agents knocking on prospective seller’s doors and negotiating sales without the buyer even inspecting the property!
This spring may well be a test of our market. As media is reporting on the slowdown in Melbourne and Sydney (and for some unexplained reason Domain ran these stories in the local weekly real estate guide as representative of the Tasmanian market), we have seen a cooling of what was a feverish market in Hobart. A solid spring selling period could lay the base as we enter into 2019. However, if this expected extra supply is not absorbed then it could well be the indicator that the peak of the market is near.
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.