Hobart dwelling values lagging behind this quarter despite 10% annual growth

Hobart dwelling values lagging behind this quarter despite 10% annual growth
Hobart dwelling values lagging behind this quarter despite 10% annual growth

Hobart recorded quarterly gains of just 0.1% these past three months, extremely low considering the city has had an annual growth of 10.7%.

In fact, Adelaide just beat out Hobart this quarter as the best performing capital city.

Dwelling values in Hobart have posted two consecutive months of slight falls culminating in that shift of just 0.1%. 

Hobart dwelling values lagging behind this quarter despite 10% annual growth

CoreLogic found that the median house price in Hobart was $459,997 and an example of this was the sale of 1/72 Warwick Street Hobart (pictured above). 

The one bedroom, one bathroom cottage, sold for $480,000 after less than three weeks on the market this July.

The holding is set on 146 square metres and the sale was just short of a 400,000 improvement on its most recent sale price of $93,000 in 2000.

Hobart dwelling values lagging behind this quarter despite 10% annual growth

Another example of this median price being accurate is 110 Campbell Street Hobart (pictured above).

The four bedroom, one bathroom one storey house sold for $505,000 in mid June.

It was sold after only 23 days on the market.

Hobart dwelling values lagging behind this quarter despite 10% annual growth

The median unit price in Hobart is just under $100,000 less, sitting at $366,126.

Indicative of this 2/92 Barrack Street Hobart (pictured above) sold for $358,5000 last month after 134 days on the market.

This two bedroom one bathroom apartment has 71 square metre of floor space and was most recently rented at $360 per week in late 2017.

Hobart dwelling values lagging behind this quarter despite 10% annual growth

The apartment at 8/77-79 Molle Street Hobart (pictured above) was recently sold.

The one bedroom one bathroom property sold for $385,000 in early March.

It was on the market for just nine days and had a rental listing of $350 per week in May.

Hobart dwelling values lagging behind this quarter despite 10% annual growth

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Hobart Dwelling Values

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