Media Releases

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

March Quarter 2022 Has The Tasmanian Real Estate Market Peaked? Whilst the cumulative value of Tasmanian real estate sales is on target to achieve another record year (exceeding $6 Billion) data contained in The Real Estate Institute of Tasmania’s (REIT) March Quarterly Report suggests that there has been a definite softening in 2022. Prices appear … Continued

December Quarter Bricks and Mortar Boom The onset and uncertainty of COVID-19 has seen many Tasmanians access the local property market. The ability of Tasmania to minimise the COVID-19 threat and maintain strong and positive economic conditions has seen local real estate surge to record levels for the ninth consecutive year. Not only did 2021 … Continued

September Quarter rewrites Benchmarks The Real Estate Institute of Tasmania September Quarterly Report results were released today and confirm that the local real estate market continues to power along performing its strongest result on record. In just nine months of 2021, Tasmanian real estate has recorded its highest ever cumulative value of sales ($4.46 billion) … Continued

The Real Estate Institute of Tasmania confirmed in its June Quarterly Report that unyielding buyer and rental demand continue to push prices and rents to record heights. The June quarter recorded another record cumulative sale value quarter with the prospects of the State government gaining almost $100,000,000 in additional stamp duty from an estimated $1.5 … Continued

The release of the Real Estate Institute of Tasmania’s March 2021 Quarterly Report confirms that the local real estate market has continued to advance with the strongest growth activity recorded since 2002. Sales numbers are up 14.4% on last year and 12.9% on 2019. Values continue to surge with the cumulative value of sales recording … Continued

Against overwhelming odds, the resilience of Tasmania’s real estate market has seen it set a new annual sales record of almost $4.4 Billion dollars for cumulative value of sales, and even more remarkably recording more sale than the previous year (2019). Whilst COVID-19 slowed activity in the first half of 2020 it wasn’t enough to … Continued

The Real Estate Institute of Tasmania (REIT) September Quarterly report confirms that Market activity has returned to pre COVID-19 levels and is on target to achieve a ninth successive record year of accumulated sales value (this year exceeding $4.1 Billion). The highlights of the September Quarter were: Throughout 2020, the Tasmanian real estate market has … Continued