Media Releases

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

The Tasmanian Real Estate Market continues to remain steady. These remarkable figures create a sense of security and confidence amid the COVID-19 crisis, a testament to the resilience of Tasmanian real estate. Property Sales Across the State the number of property sales were down considerably by 26.8% for the quarter and 29.2% on the same … Continued

With the first case of COVID-19 being confirmed in Tasmania on the 2 March it comes as no surprise that the figures around our State reflect a relatively stable marketplace. I can say with some certainty this will not be the case next quarter. Over the March 2020 quarter Tasmania experienced a total of 1870 … Continued

We all expected a downward trend and that’s exactly what has been delivered, with the exception of land sales. Tasmania has experienced a 27.5% decrease in house sales for the month. Hobart declined 36.8%, Launceston 39.0% and the North West down by 12.3%. House prices have also experienced a decline with Hobart down 13.8% and … Continued

Across Tasmania the number of house sales have declined by 5.3%, other dwellings were also down by 11% and land sales declined by 9.2%. Although first home buyers were 21.4% of the buying market this month, this figure is down 3% on the previous month. We are confident this number will change with the recent … Continued

Tasmania overall experienced an active December quarter. In summary there has been a 6.3% increase in house sales across the State which is up by 2.3% on the previous December quarter. Hobart’s median sale price increased by 7.8%, Launceston 7.0% and the North West 5.3%. These statistics are reflective of a substantial supply and demand … Continued

With 2670 property sales over the September quarter totalling $989,340,623 this represents a decrease over the previous quarter with 2843 sales at $1,054,063.281. The median sale price across the State reduced to $375,000 which was down 1.3% from the June quarter. Of the 1780 house sales around the State 300 of these were investors and … Continued

Real Estate Institute of Tasmanian figures released today for the June Quarter saw the market rebound from pre-election jitters (of the possibility of Labor’s introduction of Negative Gearing and Capital gains tax changes). Whilst the recovery was modest, it did see transactions for this quarter increase 7.7% to 2843 sales, and the gross value of … Continued

The past 5 years have seen significant change in Tasmania’s residential real estate market. Buoyant economic conditions, a booming tourism market, growing tertiary student numbers, and our attraction as a lifestyle destination has seen unprecedented property demand and growth in property values. We have seen Tasmanian property prices surpass those of the Northern Territory, South … Continued

In 2018 Tasmania continued to produce results which nationally outperformed all the other Capital cities. Despite the uncertainty that the shortage of rental accommodation and houses for sale have placed on our markets there is some good news that we can take out of the REIT 2018 Annual Summary: 2018 Annual Summary December Quarter 2018 … Continued