Van demons Land

100000 in population or dollars?

More stuff on the voigtstr at http://users.bigpond.net.au/voigtstr

next question is: when you say “the area” which area are you talking about?

(you are not allowed to say “Tasmania”)

More stuff on the voigtstr at http://users.bigpond.net.au/voigtstr

I’ve always been a believer that one should visit the area that you intend to invest in.
Poor ‘Launceston’ never seen it spelt soooo bad.

Bit in all seriousness, Tasmania is a great place to invest for rental returns. If your after capital gains then Tassie isn’t the place for you.

Queenstown is on the West Coast and is very remote and isolated but, a lot of 1st yr teachers get posted to Queenstown for about 3 years and are usually given full time jobs for their efforts (they rarely want to call Queenstown home) Property values haven’t increased in that area for quite sometime.

Hobart and Launceston are the best city’s to invest in, then Devonport and Burnie.
Knowledge of the suburbs is a must. The area size are simular to Ballart in Vic or Parramatta in Sydney. The difference with gaining a great property with decent tenants is just a matter of one street and you could place yourself in an unfavourable area eg. Housing commission.
There are plans to develop Burnie and make it more appealing, it’s a industrial area with a sea port for tankers etc.

You have just missed the huge capital gains of the last 2 yrs. Property in Tassie has just started to slow. This growth was very out of the norm and was just a follow on from the other States. 2 yrs ago, it was nearly unheard of for a property to be over $200,000 and could purchase a family home with everything you could think of for $150,000

http://www.tas.gov.au/

Good luck in your search and like any investment, do you research – flights to Tassie are cheap these days!!