I live in Alberta Canada and am a professional real estate investor here and as I have very little info here on Hobart could you please help me in advising me your thoughts. My daughter wants to buy a property in Hobart in the Newtown area, she wants to live there for approx 3 years, are the fundamentals good for purchasing a property like a house/unit in this area of the city considering market trends for this time frame. I would be very appreciating for any advice. If you would like to leave your ph # I would call you if this would be acceptable.
Warmest regards Steve[confused2]
Hi Steve,
Hobart is a gorgeous, historic smaller city in the south of Tasmania.
Houses are historically cheap and rents returns good.
There was a boom in r/e prices there about 3 years ago, fuelled by investors looking for better rent returns, but this has since died and prices are more normal again.
The population movement is at best extremely low or could even be negative, which means in normal times there will be little or slow cap growth.
One other thing; the climate is colder. Good in summer for a few weeks or so, but it a long way south. I hope your daughter likes this sort of weather.
I’ll private message my phone number (I.m in L.A at the moment)
Cheers,
Marc.
[email protected]“we get sent lemons; it’s up to us to make lemonade”
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