Media Releases

THE REAL ESTATE INDUSTRY CELEBRATES THE 2023 REAL ESTATE INSTITUTE OF TASMANIA’S AWARDS FOR EXCELLENCE Tasmania’s real estate sector came together on Saturday night to celebrate its achievements and recognise outstanding performers for 2023 at the Awards for Excellence gala dinner held in Hobart. “Our annual Awards for Excellence are a chance to reflect on … Continued

December Quarter 2022 Rising interest rates, rampant inflation, and rising living costs have seen local real estate conditions reset to a pre COVID-19 norm. Real estate sales numbers dropped from 12,107 in 2021 to 9848 in 2022 (an 18.7% drop). A decrease in sales has seen the number of properties for sale increase to its … Continued

September Quarter 2022 Interest Rate Increases reposition local real estate market The Real Estate institute of Tasmania released its September Quarterly Report today. Whilst Tasmania has not seen property prices plummet like our mainland counterparts, we have seen a re-alignment of the market with significant decreases in real estate sales, investor participation and mainland acquisitions. … Continued

June Quarter 2022 Market transitioning to meet interest rate increases The Real Estate Institute of Tasmania (REIT) released its June Quarterly Report today. The report shows that the market has contracted. There were fewer sales but also fewer buyers competing in the marketplace. Interest rate increases have impacted buyer confidence and is also changing the … Continued