Tasmania's housing market frenzy may be over, but prices still at an all-time high

Hobart property sales have fallen, both during the quarter and past year, and decreased 18 per cent and 8.9 per cent respectively.

Mr Petrusma said rising inflation and interest rates, the upcoming federal election, and international uncertainty had slowed the market in recent months.

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Has the interest rate rise broken Australia’s housing market fever?Prices remain high, but the days of frenzied auction bidding may be numbered with the recent interest rate hike and a slowing market Doubtful. Only thing that will break it is changing negative gearing forcing investors with 3+ houses to sell them. Otherwise its businesses as usual
Source: GuardianAus - 🏆 1. / 98 Read more »