1. Skip to navigation
  2. Skip to content
  3. Skip to sidebar

Property News

Increased dwelling starts in Tasmania illustrate opportunities

March 21, 2012

Tasmania posted the highest increase of home starts in Australia, boasting a seasonally adjusted rise of 5.8 per cent in the December quarter, recent figures from the Australian Bureau of Statistics reveal.

This may come as good news to Tasmanians looking to build residential property in the state as the numbers indicate favourable building conditions.

"These figures show the market is recognising there has never been a better time to build or renovate as good builders and tradespeople have capacity to take on new work," said Housing Industry Association executive director Stuart Clues.

The island state supports a population of roughly 500,000, with much of the population living in the major centres of Launceston and Hobart.

It has a varied economy with diverse contributors including processed metals, tourism, manufactured goods, wood, papers and ores.

Those considering relocation to the island state may be encouraged by opportunities for lucrative residential and commercial property investment in the region.

Mr Clues said: "With the share market and super performing poorly, property still represents a great investment particularly in Tasmania where the rental vacancies are so tight."

Related Articles

Buying a house in Tasmania becoming more affordable

Tasmania's residential real estate sector is showing significant signs of improvement, with ...
read more

First time buyer grants stimulate interest in TAS

Tasmanians are urged to take advantage of the state government's first time buyer incentives ...
read more

Tasmania set to become an investment hotspot?

Choosing where to buy residential real estate can be a difficult decision, with the resale value of ...
read more

Latest Articles

How is Australian investment faring?

Looking at the investment property market, it appears that the industry is thriving. The Australian ...
read more

Council calls for property reform

Buying a property comes with a wide range of fees and taxes, depending on where you buy and the ...
read more

Home values just keep on rising

Despite an alleged peak in home building having passed and a cooling in growth, there is still a ...
read more