Hobart's house and unit markets rising: HTW National Property Clock
The housing market in Hobart is set to continue its long growth, according to the valuation firm Herron Todd White.
The last 16 months Herron Todd White suggested Hobart was approaching the peak of the market, but now they have deemed houses in the Tasmanian capital are still rising, suggesting they have longer left in the growth cycle than the valuation firm had initially thought.
To enlarge the national property clock for houses, click here.
Hotspotting's Terry Ryder says Tasmania was the best performing capital in the country over the last 12 months.
There are only 12 locations across the whole state with median house prices less than they were a year ago.
The unit market in Hobart has been tracking the same course as houses over the last year and a half, it too now becoming a rising market as opposed to approaching its peak.
To enlarge the national property clock for units, click here.
"Tasmania continues to lead the country in many property indicators," Herron Todd White noted.
They suggested that in comparison to other parts of the country, the prestige sector remains 'affordable.'
There's a family home being built at Tinderbox, just south of Blackmans Bay, with an estimated $17 million build on the $3 million riverfront land.