Hi All,
Never thought I would start a thread on Tassie but wanted to get some people's opinions, ecspecially those with current investments there.
I have been reading and through my own research have seen yields achievable around the 12% mark.
Hobart in particular is the only capital with a normal behaving property market in the fact the median house price has been rising at the same time unemployment has been lowering, this unlike other capitals where house prices are rising along with unemployment (not a natural phenomenon but the graphs I saw did not take into account immigration).
This being said, Tassie is basically it's own country with own economy and the obvious concern is what will sustain that and continue to drive prices.
It is my understanding that most of the young workforce head to the main land to pursue a career whilst the retirees take their place. So maybe there is less unemployment because less people are there to do the jobs? But then again retirees moving in will likely be downsizing and have plenty of cash to spend.
A number of conflicting points to consider so keen to hear others observations.
Never thought I would start a thread on Tassie but wanted to get some people's opinions, ecspecially those with current investments there.
I have been reading and through my own research have seen yields achievable around the 12% mark.
Hobart in particular is the only capital with a normal behaving property market in the fact the median house price has been rising at the same time unemployment has been lowering, this unlike other capitals where house prices are rising along with unemployment (not a natural phenomenon but the graphs I saw did not take into account immigration).
This being said, Tassie is basically it's own country with own economy and the obvious concern is what will sustain that and continue to drive prices.
It is my understanding that most of the young workforce head to the main land to pursue a career whilst the retirees take their place. So maybe there is less unemployment because less people are there to do the jobs? But then again retirees moving in will likely be downsizing and have plenty of cash to spend.
A number of conflicting points to consider so keen to hear others observations.