Hobart's demand for new units is soft: HTW
Staff reporterDecember 7, 2020
Hobart has a balanced market for its unit’s rental vacancy situation, according to Herron Todd White’s latest report.
The property valuation firm says that Hobart’s rental vacancy trend is tightening.
Demand for new units is soft despite an increasing trend in new unit construction as well as a steady volume of unit sales.
Hobart’s unit property market cycle is currently rising, HTW's report said.
New unit properties in Hobart are almost never sold at prices exceeding their potential resale value.