Property Hot Spots for 2020 - Tasmania

Tasmania shows a solid economic performance over the last 5 years with a strong GDP. This means a new surge of activity resulting in more work opportunities and affordable house prices, which are major factors contributing to property investment decisions.

Hobart has been identified as Australia’s best performed property market over the past 5 years by Propertyology’s head of research Simon Pressley.

It is expected that with the increased buyer confidence and financial capacity resulting in more affordability of houses and lifestyle, a significant swing in internal migration will occur, making Hobart a lucrative property market.

The big projects including a City Deal, expansion of the capital city’s airport, new hotels, infrastructure around the University of Tasmania as well as work for Macquarie Point are contributors of the market’s attractiveness.

Launceston has been performing well for the past 18 months benefiting from the strong Tasmanian economy. The blossoming hospitality sector and the opening up of a new university campus in Launceston creating job opportunities, will boost confidence of property investors.

Contact us on [email protected] to obtain an investment proposal for your next investment property in 2020.