Everybody has their own criteria for investment. I think real estate in Tassie is appealing becuase its a low capital entry (Hobart is lowest capital city in Aus) and generally offers 5% + return with limited downside.
For what its worth hobart had the highest capital growth over the past decade of any capital city in aust.
before everyone says thats becuase it came off a low base… its still coming off a low base compared to mainland.
with pop growth of less than 1% (considering it was nil for nearly 20 years!! this is a huge turnaround) if it reaches what the rest of aus is the number of new homes required will triple. There are 43,000 homes needed by 2028 currently there is only 2500 pa being built.
25m people on the main island and 500k on the small island
No one knows what is going to happen its hatrd to argue that capital growth seem more assured in metro mainland however if Tassie gets found then undoubtledy it will be turn out to reward the investors with continued above average returns for the reasons above.
