Tassie regions take over the mantle as leaders of nation’s property boom

PHOTO: Hobart house prices continue to grow but they have been overtaken by the even faster-growing prices in the state’s three regions. Picture: SAM ROSEWARNE

HOUSE prices in Tasmania’s capital continue to climb and the State’s regional areas are now sharing in the boom with three regions leading the nation.

In the 12 months to October 31, 2018, Hobart’s housing values increased by 9.7 per cent.

The gain was even higher outside Tasmania’s capital where the annual change in dwelling values surged by a staggering 11.4 per cent.

“The regional housing markets of Australia have returned a diverse performance with regional Tasmania standing out as the only broad region nationally where dwelling values are recording double digit growth,” CoreLogic Head of Research Tim Lawless said.

READ MORE VIA REALESTATE.COM.AU

https://propertynoise.co.nz/au/advertisingrates/