Hobart house price growth expected to remain modest: BIS Oxford Economics
Staff reporterJuly 16, 2019
Hobart enjoyed median house price growth of 36% in the three years to June 2018, according to the BIS Oxford Economics Residential Property Prospects 2019 to 2022 report.
However, affordability is becoming more challenging, it suggested.
Despite an undersupply and strong population growth, growth in the median house price is on estimated to have slowed to only 3% in 2018/19.
With net migration inflows expected to begin to ease as the affordability of the Tasmanian market becomes less attractive, house and unit price growth are expected to remain modest and total four per cent in the three years to June 2022.
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