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Tasmanian rent yields luring investors even as price growth eases

As Hobart's property market eases and rent yields soar, more Melbourne and Sydney property investors are considering the Apple Isle as a part of their diversified property portfolio.

Launceston seaport in beautiful twilight sky with old small yacht in foreground.
Tasmania's rental yields have many Sydney and Melbourne investors floating the idea of buying in the Apple Isle.

Hobart’s property market is closely following the path being taken Melbourne and Sydney, with property prices easing from historic highs while rents skyrocket.

But the strangulated rental market is proving a lure for mainland and local investors in Hobart and throughout the state, despite prices coming off the boil.

The Tasmanian capital is ranked 12th in the world for annual price growth but recently recorded its first monthly price decline in…