Quarter Report

Page 1

West Hobart

The recent release of the Real Estate Institute of Tasmania’s quarterly report illustrates that throughout the September quarter the Tasmanian housing market has continued to experience a shift in the local property landscape. Whilst not to the level of our mainland counterparts, Tasmania is seeing a realignment of the market due to a number of factors including cost of living, interest rate rises, reduced number of investors and lack of buyer confidence.

The report identifies that Greater Hobart’s median House price has seen a minor decline of 4% on last quarter to now sit at $758,775. However, when looking at this figure over the course of 12 months, the median house price of Greater Hobart has increased by 6.9% compared to this time in 2021.

Whilst the number of property sales are down by 27.7% on this time last year, property is still selling with 2,142 sales recorded throughout this past quarter.

If you are considering a sale or would like an updated value of your home and would like to take advantage of my strong knowledge of the local market as well as my proven experience in real estate during changing market conditions, please do not hesitate to reach out and get in touch.

0402 355 789

jsmith@petrusma.com.au

PROPERTY REPORT
John Smith PROPERTY REPRESENTATIVE
IN THE SEP QUARTER 18 SOLD HIGHEST SALE PRICE $1,365,000 MEDIAN SALE PRICE $710,214 LOWEST SALE PRICE $475,000 WEST HOBART Snapshot

Property Sales

date median house price

RECENT

Sale Prices

DATE 47 BINGLEY STREET 682 sqm $1,100,000 203 CARELLA STREET 670 sqm $935,000 8 GRANDVIEW COURT 606 sqm $927,000 16 PHOENIX STREET 592 sqm $655,000 53 SIRIUS STREET 556 sqm $1,365,000 4 SKILLION ROAD 759 sqm $850,000 16 YARRAM STREET 548 sqm $781,500 2 / 4 HIGHCLERE COURT 392 sqm $625,000 1 / 1 SAMS COURT 302 sqm $565,000
July 2020 $733,000 August 2020 $862,500 September 2020 $862,500 October 2020 $724,333 November 2020 $724,333 December 2020 $724,333 January 2021 $735,000 February 2021 $735,000 March 2021 $735,000 April 2021 $820,400 May 2021 $715,000 June 2021 $1,450,000 $0 $175,000 $350,000 $525,000 $700,000 $875,000 $1,050,000 $1,225,000 $1,400,000 Oct–21Nov–21Dec–21Jan–22Feb–22Mar–22Apr–22May–22Jun–22July–22Aug–22Sept–22 Median House Price Median Unit Price DATE HOUSE HOUSE UNIT UNIT JULY 2022 AUGUST 2022 SEPTEMBER 2022 83 HANCE ROAD 411 sqm $760,000 7 / 45 PLOUGHMAN ROAD $475,000 11 CLEVE COURT 693 sqm $810,000 22 GLEBE HILL ROAD 687 sqm $805,000 49 HYMETTUS STREET 706 sqm $870,000 16 MOOKARA STREET 559 sqm $960,000 28 NANKOOR CRESCENT 673 sqm $860,000 1 / 3 LUCAS STREET $651,500 1 / 35 PLOUGHMAN ROAD 325 sqm $599,500 OCTOBER 2021 $892,286 $605,438 NOVEMBER 2021 $1,002,962 $552,188 DECEMBER 2021 $928,182 $647,313 JANUARY 2022 $871,000 $561,667 FEBRUARY 2022 $1,095,333 $561,000 MARCH 2022 $1,079,500 $720,000 APRIL 2022 $793,429 $651,500 MAY 2022 $1,344,428 $780,900 JUNE 2022 $797,946 $740,625 JULY 2022 $944,786 $595,000 AUGUST 2022 $760,000 $475,000 SEPTEMBER 2022 $861,000 $625,500
RECENT

RECENTLY SOLD By us

“We decided to sell with Jake due to his knowledge of our area, his vast experience in the game, and the friendly, professional and personable way he came across from our first meeting right to the end of our sale. He understood our situation and what we needed to achieve, made sensible suggestions to maximise our return, and at all times had our best interests at heart. We cannot recommend Jake and his team highly enough - very happy sellers!”

– Vendors, 22 Glebe Hill Road, Howrah

15 Shoreline Drive, Howrah 7018
SOLD | 16 YARRAM STREET SOLD | 28 NANKOOR CRESCENT SOLD | 22 GLEBE HILL ROAD SOLD | 16 PHOENIX STREET

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