Being world’s 26th largest island, Tasmania has become one of the most sought after place for homebuyers. Before jumping over the real state of Tasmania let’s come to know what is about its location. This lovely place locates 240km to the south of the Australian mainland and it’s a capital city of Hobart. Though it adjacent to Australian mainland, but it’s quite different from it. In comparison of Sydney and Brisbane’s population, Tasmania consist only 200,000 people. When it comes to Real Estate, Tasmania is known as for the high cost of living. Since you have to pay the extra cost of freighting goods.
But the good thing is that fruit, vegetables, meat are available at reasonable price because agriculture is in healthy condition. Currently, the real estate has become one of the booming market of Tasmania bringing new opportunities for investor and home seekers. At present, there are three places which have become an apple of the investors’ eye: Central Hobart, Northern Hobart and Launceston.
These three places are high in demand among the home seeker and investors. If you are one of them looking up for Tasmania in order to expand your business or as a home seeker, it’s the perfect time since property market is booming day-by-day. The fact cannot be denied that potential has shifted to Tasmania. We are not only saying this since the study and data proves the same that this island has been oozing a number of sales.
Launceston has emerged as a number one location and covering the top of the list since it’s full in the swing with increased volume 24.9% while Hobart comes with 20.5%. If we try to figure out who were the buyers, then it’s found that there were 17% buyers from Australia and 16% were property investors. Good Rental Return carve a significant platform that makes Tasmanian real estate worthwhile.
So, if you wish to add good Rental Return then you must think about Tasmania before making investment anywhere. Don’t let slip the opportunity, maybe it will lead you toward huge success. Investing in Tasmanian real estate can bring great opportunities for investors.