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 Sales

Date Median House Price

Recent

Sale Prices

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