Tasmania's premium price segment remains 'affordable' compared to larger mainland markets: HTW residential

Tasmania continues to lead the country in many property indicators, according to a recent Herron Todd White (HTW) residential report. 

The report notes that in comparison to some of the larger mainland markets, the premium price segment to some extent remains ‘affordable’.

The highest ever residential sale was in 2011 for in excess of $8 million.

To date the highest sale of 2019 has been for $3.7 million being a riverfront holding positioned between Wrest Point and the Royal Hobart Yacht Club at 358 Sandy Bay Road, Hobart.

It comprises a dual level holding with five-bedrooms, three-bathrooms and a double carport. 

"As would be expected its fully secured with an electronic gate and features its own jetty," the valuation firm said. 

The talk of the town however is the construction of a family residence at Tinderbox, just south of Blackmans Bay.

CoreLogic have reported a construction cost of $17 million on realestate.com. Records show the land was purchased for just over $3 million.

"Comprising a riverfront holding over dual levels with a floor area in excess of 1200 square metres of living. Anyone for a small hotel?" the valuation firm said. 

The HTW report notes up north in Launceston a sale was settled at the start of the year for $3.25 million.

This was located at 1 Brisbane Street (pictured below) virtually within the CBD and known as Glenfruin.

Promoted as a historic Italianate style home it is positioned overlooking City Park on a 1482 square metre lot.

The house is built over three levels, and is a fully renovated 1880s home with four-to-five bedrooms.