Hobart's demand for new units is soft: HTW

Hobart's demand for new units is soft: HTW
Staff reporterFebruary 6, 2017

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.

Click to enlarge

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.

Editor's Picks

City Beat January 2025: Sydney property market cooldown slows as new apartment pipeline ramps up
26 Vista Street, Surfers Paradise apartment development, hits 70 per cent sold
Latent Defects Insurance 101: What is the Technical Inspection Service (TIS) Program
City Beat January 2025: Gold Coast property values continue to grow as off the plan enquiries hit near 12-month high
Live parkside in Melbourne for under $500,000