HOBART VS LAUNCESTON
Hobart has seen the strongest price growth of any capital city over the past 20 years , moving it from being the cheapest capital city to the fourth most expensive . With a median now at $ 770,000 , it certainly is no longer a bargain to buy into and as a result , more interest has been taken in other parts of Tasmania , in particular Launceston .
Launceston ’ s price growth outpaced Hobart over the past 12 months , but still remains a lot cheaper with a median of $ 475,000 . It ’ s also been experiencing stronger price growth . In addition , rental growth in Launceston is now double that being experienced in Hobart .
Winner - with Hobart getting very expensive , now is the time to look at Launceston .
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