As a 19 year old who has lived in south Tasmania (Kingston area) all my life except for the last 6 months, i can share some of my inside information.
hrmm hot spots for investing for CG in Tasmania? Id suggest anywhere near immediate Hobart like South Hobart, Sandy Bay, west hobart n Dynerne. Id Definatly suggest outer regions like Kingston and Blackmans Bay and perhaps Taroona.
My parents bought our large 5 brm family home in Blackmans Bay in 1995 for around 130k, and sold in 2001 for 145k. Today the new owners have had offers over 290k. My dad isnt happy — This is just one example of just how rapidly prices are increasing.
I wouldnt recommend investing in places like Moonah, Austins Ferry, Claremont, Rokeby Bidgewater or Snug for immediate CG returns as these places are clearly not in as high demand as other places ive previously stated. You might have luck investing in places like Rokeby or Claremont for some passive income, but i would laugh if anyone labled these areas as investment “hot spots”.
It is also very apparent to locals that reciently (last couple of years) there has been alot of mainland investors blowing into town and becoming proud owners of investment properties. So, if you plan to become one of these lucky people, please do plenty of reserch b4 purchasing anything as the market is quite deceiving. Its not just a matter of buying the cheapest place now and waiting for the CG to accumulate because thats what the over all Tasmanian trends predict. That theory will only work for certain areas..so yeah, do your home work.
and finally, some might say that Tassie has little or nothing going for it and real off a few economic facts like population growth, unemlyoment rates. I say that is all irrelevant and there is still money to be made there, and isnt that what we are really after?
*remembering i am only 19 and dont have any experience in property investing in Tasmania hehe*
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