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Having ridden the covid property wave better than most states it was inevitable that Tasmania, and in particular Hobart, was going to experience some sort of correction in the proceeding years. While the Australian property market currently presents a complex landscape of opportunities and challenges, Hobart continues to thrive, despite a general market correction in…
The 2023/24 financial year saw a return to a balanced market where traditional commercial property fundamentals were front and centre. Despite an increasing interest rate environment, the Tasmanian market has remained resilient, with transaction volumes steady for both sales and leasing across all sectors. Whilst there has been a slight softening in yields for some…
A 150-hectare parcel of land ripe for a flagship mixed-use development in one of Greater Launceston’s major growth corridors is up for sale. The property, Willowbank Estate, is located at the junction of the Bass Highway and Meander Valley Road in Hadspen, in the Meander Valley Council in Northern Tasmania, eight kilometres southwest of Launceston.…