Tasmania’s 10 best and worst suburbs named, as investors shun Hobart
Investors are steering clear of Hobart and regional Tasmania, but as the list of the ten best and worst real estate suburb performances shows, it's a wildly varied market overall with plenty of capital growth potential.
Investors are needed to address a rental crisis in Hobart but mixed capital growth performance has deterred many prospective buyers. (Image source: Shutterstock.com)
A local expert says political rumblings are turning investors away from Hobart, while property data confirms Tasmania’s market is in limbo.
But Real Estate Institute of Tasmania (REIT) figures suggest the Apple Isle isn’t out of the race just yet.
Higher interest rates, rising cost of living, decreasing population growth and lower consumer confidence has seen Tasmania’s real estate activity slow throughout 2023.
Since peaking in March 2022 val…
