Raine & Horne Market Update: Tasmania Real Estate Review, June 2018

JUNE 13, 2018

Apart from Hobart continuing to enjoy the strongest annual capital growth of 12.7% of any Australian capital city, housing affordability in Tasmania is improving too.

According to the latest Adelaide Bank/Real Estate Institute of Australia Housing Affordability Report, the proportion of income required to meet home loan repayments decreased to 24.5%, a decline of 1.2 percentage points over the quarter or 0.9 percentage points year on year,

Rental affordability in Tasmania declined with the proportion of income required to meet median rents increasing to 28.1%, a 1.3% increase or 1.5% year on year.  First home buyers in Tasmania decreased by 5.0% over the quarter but year on year recorded a 6.9% increase.