Ray White Now | August 2021

HIGHEST PRICE GROWTH SUBURBS FOR INVESTORS - TASMANIA AND HOBART 12 months to June 2021

SUBURB	REGION	TYPE	MEDIAN	% GROWTH
Hobart ( highest price growth for homes under $ 650,000 )
Rokeby	Clarence ( C )	House	$ 403,000	17.5 %
Claremont	Glenorchy ( C )	House	$ 440,000	15.3 %
Glenorchy	Glenorchy ( C )	Unit	$ 360,013	13.6 %
Kingston	Kingborough ( M )	House	$ 600,000	11.1 %
Glenorchy	Glenorchy ( C )	House	$ 427,750	9.7 %
Regional Tasmania ( highest price growth for homes under $ 430,000 )
Queenstown	Lyell	House	$ 127,000	49.4 %
George Town	Greater Launceston	House	$ 254,000	29.4 %
Wynyard	Burnie-Devonport	House	$ 370,000	24.0 %
Ulverstone	Burnie-Devonport	House	$ 355,000	20.3 %
Devonport	Burnie-Devonport	House	$ 338,750	19.8 %

Source : Corelogic , Ray White

While investors typically don ’ t target high yields , it can be useful to look at high yielding locations as they tend to be at cheaper price points . More negatively , they often don ’ t achieve price growth that tracks the average . Given the enormous change that has occurred in Tasmania over the past decade , it has been possible to achieve both high yields and high price growth in many suburbs and towns . As Hobart has become more expensive , yields have not surprisingly pushed down .

HIGHEST YIELDING SUBURBS WITH POSITIVE PRICE GROWTH FOR INVESTORS - TASMANIA AND HOBART 12 months to June 2021

SUBURB	REGION	TYPE	YIELD	MEDIAN	% GROWTH
Hobart ( highest yields for homes under $ 650,000 )
Claremont	Glenorchy ( C )	Unit	5.4 %	$ 342,500	7.0 %
Rokeby	Clarence ( C )	House	5.4 %	$ 403,000	17.5 %
Glenorchy	Glenorchy ( C )	Unit	5.3 %	$ 360,013	13.6 %
Glenorchy	Glenorchy ( C )	House	5.1 %	$ 427,750	9.7 %
Claremont	Glenorchy ( C )	House	5.0 %	$ 440,000	15.3 %
Regional Tasmania ( highest yields for homes under $ 430,000 )
Queenstown	Lyell	House	7.6 %	$ 127,000	49.4 %
Ravenswood	Greater Launceston	House	6.3 %	$ 225,000	12.5 %
Smithton	North Western Rural	House	5.8 %	$ 250,000	17.9 %
Mowbray	Greater Launceston	House	5.6 %	$ 315,000	18.9 %
East Devonport	Burnie-Devonport	House	5.6 %	$ 280,000	12.0 %

Source : Corelogic , Ray White

Ray White Now | August 2021 | Page 25