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PHOTO: Rapidly rising house prices in Hobart are tipped to come to a halt in 2019.
Rapidly rising house prices in Hobart are tipped to grind to a halt in 2019, as cooling market condition take their toll.
After two years of what many described as unsustainable growth, in which the city’s median house price climbed about 40 per cent, experts predict the market will come off the boil next year.
“There has been a lot of excitement around Tasmania and how it’s delivered outstanding capital growth, at a time of weakness in [other] markets,” said RiskWise Property Research chief executive Doron Peleg. “Now [more] people want to join the party, but the party is almost over.”
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