The real estate market in Tasmania has increased by 62 percent compared to the previous year.

Tasmania real estate market continues to soar with 21 properties breaking through the $2 million mark in the 12 months to September, up 62 per cent on the previous year.

The Real Estate Institute of Tasmania’s data shows that Sandy Bay is the golden suburb, with 10 properties selling for $ 2 million or more.

North Hobart city has three great purchases. Others cities Bellerive, Battery Point, Taroona and New Town. Sales were strong for real estates valued between $ 1 million and $ 2 million.

Australian investment research group SQM expects Hobart to be the nation’s best performing city in 2019, with a third year of strong housing price rises of 5 to 9 per cent predicted.

Real Estate Institute of Tasmania president Tony Collidge yesterday told the Mercury the state was on track to record its best sales figures in 14 years.


Fulya Altunyay/

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