Hi Pattie,I have many properties in Tasmania and returns have been quite good. Unfortunately property has boomed in the last 12 months so the prices are substantially higher, making it difficult to find cash flow +ve IP.
Rents aren’t super high, but there is quite high rental demand at present. The prices just keep rising after more than 10 years of no movement. There aren’t any major population centres outside of Hobart, Launceston, Burnie or Devonport.
I’m still looking there – you just need to look harder than before for the right place.
