Recent Shepherd and Co commentary on Tasmanian real estate practices and market insights;
With property prices edging higher nationally and buyer demand remaining resilient, new data has revealed homes are selling faster than they were pre-pandemic.
Nationally, houses took an average of 44 days to sell over the 12 months to April, nine days longer than the previous year, but down from 64 days over 2019, as the market returns to more typical conditions.
Caroline Riches, Journalist
To narrow down the top places to live in every capital city, realestate.com.au asked local property experts from around the country to name the best suburbs – with a few unexpected results.
Battery Point’s “cute cafes, lovely little shops and quintessential old rowdy pubs, complete with a great open fires and plenty of old yachties happy to spin you a yarn” makes the suburb a clear contender says Jasmin Rankin.
Seb Starcevic, Journalist
Going, Going, Gone: What’s driving Australia’s property frenzy.
On Monday, Four Corners tracks the property price boom that’s fuelling risky and irrational behaviour and investigates what is driving it.
“People are buying property sight unseen from another state. People are waiving their rights to finance…they’re not doing building inspections…there’s a lot of people taking a lot of risk.” Ms Rankin, Buyer’s agent, Tasmania.
Stephen Long, Journalist
Hobart Buyers Agents principal Jasmin Rankin has witnessed first hand the level of competition buyers are facing in Tasmania.
“I think the last 12 properties that we’ve secured have all been multiple-offer scenarios, anything from three or four offers right through to 18,” Ms Rankin said.
Ms Rankin’s interstate clients were often taken aback to find laws that protect home buyers in other states either don’t exist or are optional in Tasmania.
“I think people are very surprised to find it’s ‘you buy as is, where is’ here in Tasmania,” Ms Rankin said.
Laura Beavis, Journalist