Tasmania's buoyant real estate
Tasmania's property market is proving resilient after the worst of the pandemic.
The Real Estate Institute of Tasmania's new report on the September quarter finds a return to market activity levels experienced before the onset of the pandemic.
There were nearly three thousand property sales worth $1.1 billion in the three months, mostly to locals, with first home buyers up 50 per cent.
Median prices for the population centres rose further, Greater Hobart increasing to $545,000, Launceston to $383,500 and the North West Centres to $330,000.
Institute President Mandy Welling says as always the state's chronic housing shortage is underpinning prices.
The report also features a forecast for the trend to probably continue.
"Throughout the September quarter, both major real estate portals reported that Tasmanian property received the highest number of viewings of any state.
This suggests that we could have an influx of people looking to migrate or invest here.
There is no evidence to suggest that prices on owner occupied property will decrease in the immediate future. We have a strong, confident and resilient market and remain positive on the future ahead."