This title is taken directly from Jennifer Mead’s article in this week’s BRW. For anyone thinking about investing there, have a read. Also read John Stensholt article in the same magazine for a different perspective. Very confusing, to say the least.
hey trueblue (sounds like the start of a song)
any chance you can tell us the crux of the article
im guessing it suggests the market has been swamped by mainlanders looking for investments and holiday shacks and thus pushing up the prices.
and the other one says tasi still represents good value because the mediun prices are still well below the mainland???
cheers
I think this was a week or two ago and basically yep aussierogue (sounds like a spoof of Crocodile Hunter [
Friends bought in the 1-2 hours outside hobart range 6 months ago and have done really well though so again it’s just a case of doing your homework.
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Good guess, aussierouge.Basically the 1st article stated Tasmania’s population has declined from 4.5% in 1901 to 2.4% now. Over the past 15 years, Hobart has recorded the lowest rise in residential property prices – less than 1% than any other capital cities. Also population trend is to move towards the warmer areas.
The second article estimate 1/3 of sales being from the mainland. Annual yields of bet 8% – 10% being the major attraction. Everything in Tasmania is good value!!!!!
So what’s your bet?
hi melanie – its 11 c here in melbourne so my khaki shorts are hibernating for a few more months.
hey trueblue – i reckon returns were 15-20 pct 1 year ago. i need 15 pct as a buffer againsts a population that is shrinking
also reckon capital gains will be good for next 12 mos atleast as the property market continues to bubble along.
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It’s 25 deg C in Brisbane [
Re margins, totally agree after reading about 3/4 of Steve’s book so far today, happily aiming for the stars at 20% on residential and 30% on commercial … now where did I put the keys to the Landcruiser …!
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