REGIONAL TASMANIA - PRICING FOLLOWING THE PATH OF HOBART AND LAUNCESTON
No part of Tasmania is immune to price growth . Outside of Hobart , the south-east is currently seeing the biggest jump in pricing . The region hit a $ 511,000 median in July , increasing over $ 140,000 over the pandemic
Regional Tasmania is getting expensive
Value change over the pandemic for Tasmania
|
State |
Jul-21 |
$ change |
South East |
TAS |
$ 510,914 |
143,381 |
Launceston and North East |
TAS |
$ 450,524 |
99,220 |
West and North West |
TAS |
$ 374,524 |
77,468 |
Source : Corelogic , Ray White
The most expensive regional suburb of regional Tasmania is East Launceston . Cygnet , a town in the Huon Valley is currently placed third with a median of $ 539,000 .
While agriculture plays a bit of a role in the Tasmanian price growth story , it ’ s primarily lifestyle that is driving growth . Tourism has become a major component of the economy , and the state is also popular with people wanting a lifestyle change .
East Launceston is regional Tasmania ' s most expensive suburb
Most expensive suburbs in regional Tasmania
Region Median
% change
East Launceston |
Greater Launceston |
$ 700,000 |
28 |
Launceston |
Greater Launceston |
$ 575,000 |
22 |
Cygnet |
Southern |
$ 539,000 |
20 |
Bridport |
North Eastern |
$ 525,000 |
45 |
Bicheno |
Southern |
$ 520,000 |
24 |
Port Sorell |
Burnie-Devonport |
$ 495,000 |
24 |
Huonville |
Southern |
$ 486,250 |
8 |
Newstead |
Greater Launceston |
$ 477,500 |
4 |
West Launceston |
Greater Launceston |
$ 475,000 |
20 |
Shearwater |
Burnie-Devonport |
$ 475,000 |
15 |
Source : Corelogic , Ray White
20