REIT TASMANIAN PROPERTY REPORT NOVEMBER November where

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1 REIT TASMANIAN PROPERTY REPORT where November 2013 NOVEMBER 2013

2 The REIT would like to thank the following agencies listed below in contributing to the Facts Reports. Please note that the agencies have been listed by location only and sell outside of the areas listed. HOBART Hobart City 42 degrees real estate, Battery Point & Heritage Real Estate, Bluedge Property, Charlotte Peterswald for Property, Edwards Windsor Real Estate, Elders Brown & Banks, Elephant Property, Fall & Associates Hobart, Harcourts Hobart Sandy Bay, Key Property Management, Knight Frank, Moving on Property, Nest Property, Petrusma Property Sandy Bay, Raine & Horne Hobart, Ray White Central Hobart, rentalroom.com.au, Ripple Realty, Roberts Sandy Bay, Salamanca Realty, View Tasmania Kingston Huon Valley Harcourts Huon Valley, Harcourts Kingborough, Homelands Property, LJ Hooker Kingston, LJ Hooker Margate, Petrusma Property Kingston, Raine & Horne Kingston, Roberts Huon Valley, Roberts Kingston, Tasmanian Private Realty, Your Home Realty Northern Suburbs 4one4 Real Estate, Derwent Real Estate, Elders Southern Midlands, George Self Property New Town, Harcourts Northern Suburbs, LJ Hooker Glenorchy, McGregor First National, Petrusma Property Northern Suburbs, PRD Nationwide Realty, Roberts Brighton, Roberts Glenorchy, Whites Real Estate Professionals Eastern Shore Fall & Associates, Harcourts Eastern Shore, LJ Hooker Bellerive, Petrusma Property Howrah, Petrusma Property Lindisfarne, PMM Real Estate, PRD Nationwide Eastern Shore, Raine & Horne Eastern Shore, Roberts Eastern Shore, Roberts Southern Beaches, Signature For Property, View Shoreline Midway Point Sorell Richmond Harcourts Sorell, Insight Realty, Kate Storey Realty, One Agency Sorell, Professionals Sorell, Roberts Sorell LAUNCESTON 41 Degrees Real Estate, Aqua Property North East, Bushby Property Group, Elders, Deloraine First National, Elephant Property, Harcourts East Tamar, Harcourts, Harcourts Meander Valley, Harcourts North East, Harcourts Northern Midlands, Harcourts West Tamar, Harrison Humphreys, Landmark Harcourts Tasmania, LJ Hooker, One Agency Harper Property, Peter Bushby Real Estate, Quixell Metro, Ray White, Ray White Central, Ray White Tamar Valley, Roberts Central Highlands, Roberts Deloraine, Roberts, Roberts Regional North, Roberts Scottsdale, Roberts Summerhill, Roberts Tamar Valley, Roberts Tas Rural, Rod Franklin Real Estate, Sims for Property, Statewide Real Estate, Tasmanian Property Managers, Towns Shearing Real Estate, Weedon Real Estate, Woolcock Partners East Coast Harcourts St Helens, LJ Hooker Bicheno, Roberts St Helens, Roberts Swansea, Surf Coast Realty, View St Helens NORTH WEST Burnie First National Burnie, City & Rural Real Estate, Elders Burnie, Emu Bay Realty, Harcourts Burnie, LJ Hooker Burnie, Roberts Burnie, Roberts Queenstown Penguin Ulverstone Elders VJ Woodhouse Ulverstone & Penguin, Harcourts Central Coast, Harcourts Coast & Country, Harcourts King Island, Roberts Ulverstone Shearwater Devonport Collins Realty, Halliwell First National, Elders Devonport, Harcourts Devonport & Shearwater, Ray White Devonport, Roberts Devonport, Roberts Shearwater, Sea Change Real Estate, Sushames Real Estate, View Devonport Wynyard Smithton Betty Kay Realty, Elders Real Estate Smithton, Harcourts Circular Head, LJ Hooker Wynyard, PRD Nationwide Smithton, Roberts Smithton, Roberts Wynyard NOVEMBER 2013 (C) Real Estate Institute of Tasmania - 2 -

3 Review Hobart s moving annual median sale price for houses increased 0.5% from November last year to $357,750. House sales increased 19.9% from the same time last year, to 181. The moving annual median sale price for other dwellings in Hobart increased 4.0% to $280,625 from November 2012 to November Over that same time period, the number of other dwellings sold increased 43.8% to 69 sales. The moving annual median sale price for land fell 6.0% from the same time last year to $140,838 - with land sales increasing 250.0% to 21 sales over the same period. s moving annual median sale price for houses rose by 0.6% to $268,667 from November 2012 to November Over the year, house sales remained steady at 96. There was an increase of 2.9% in the moving annual median sale price for other dwellings in over the year to $218,542, with sales down 35.0% to 13 from the same month in Over the same period, the moving annual median sale price for land in decreased 2.6% to $129,542, with total land sales up 533.3% from the same time last year to 19. North-West moving annual median sale prices for houses increased in Ulverstone by 6.6% ($260,854) and Devonport by 2.5% ($248,000), whilst Burnie was down 4.3% ($226,917) over the year. Compared with November 2012, the monthly median was up in Burnie (4.3% to $240,000), whilst down in Ulverstone (-5.5% to $269,500) and Devonport (- 4.4% to $239,000). volumes of houses compared to the same time last year were up in Burnie (60.0% to 16), Ulverstone (166.7% to 8), and Devonport (38.1% to 29). The moving annual median sale price for land was up in Ulverstone (12.1%), whilst down in Burnie (-48.5%) and Devonport (-31.7%) from the same time last year. Land sales were up in Ulverstone and Devonport, whilst steady in Burnie. Tasmania s moving annual median sale price for houses rose from November last year to $297,292, an increase of 0.4% over the year. House sales increased 14.9% from the same time last year to 540. The moving annual median sale price for other dwellings in Hobart increased by 1.5% to $243,947 from November 2012 to November Over that same time period, the number of other dwellings sold increased 24.7% to 106 sales. The moving annual median sale price for land fell 2.8% from the same time last year to $112,250 - with land sales increasing 50.0% to 105 sales over the same period. Rental Review The vacancy rate dropped 0.2% to 3.7% for the State in November From last month, the vacancy rate decreased 0.3% in Hobart. The vacancy rate in rose 0.1% and fell 0.2% in the North-West Centres. The median rental price per week for two bedroom units in Hobart rose $13 to $273 per week, while three bedroom house rental prices increased $20 to $350 per week. s median rental prices per week for two bedroom units decreased $42 to $203, with 3 bedroom houses decreasing $25 to $260. In the North West, rentals remained increased by $12 to $200 for units and decreased $20 to $240 for houses. City Monthly and Moving Annual Median Prices: November 2013 (Residential Houses) Monthly Median $ 000 Annual % Change in Median Monthly % Change in Median Moving Annual Median $ 000 Annual % Change in Moving Annual Median Vacancy Rate (%) Monthly % Change in Vacancy Rate Hobart Burnie Ulverstone Devonport Tasmania * The Vacancy Rate for the areas of Burnie, Ulverstone, and Devonport are calculated by combining information from all three areas. Note: Hobart,, and the North-West figures on this page refer to the statistical local areas as defined on page 14. NOVEMBER 2013 (C) Real Estate Institute of Tasmania - 3 -

4 Statistical Local Area (SLA) Overview for Tasmania Hobart Houses Flats Units Town Houses Apartments Land Moving Annual Median Monthly Median Price Range Number of Houses Flats Units Town Houses Apartments Land Moving Annual Median Monthly Median Price Range only Number of East Coast Houses Other Dwellings Land Moving Annual Median Monthly Median Price Range Number of 11-2 North West Burnie Houses Other Dwellings Land Moving Annual Median Monthly Median Price Range Number of Ulverstone Houses Other Dwellings Land Moving Annual Median Monthly Median Price Range Number of Devonport Houses Other Dwellings Land Moving Annual Median Monthly Median Price Range Number of Monthly Quartile Figures Monthly Quartile Figures (Houses) Hobart Burnie Ulverstone Devonport Median Lower Quartile Upper Quartile NOVEMBER 2013 (C) Real Estate Institute of Tasmania - 4 -

5 Hobart HOUSES Area Area Area 3a Area 3b Area Area 5a Area 5b Area Area Area Area Area Area Area Area Area Area Area Area Area North West Coast Burnie Ulverstone Devonport Circular Head Railton/Sheffield Latrobe Penguin/Forth Wynyard/Waratah West Coast Residential House Median Price Median $ South 1 South 2 South 3a South 3b South 4 South 5a South 5b South 6 South 7 South 8 North 1 North 2 North 3 North 4 North 5 North 6 North 7 North 8 North 9 North 10 Burnie Ulverstone Devonport Circular Head Railton Latrobe Penguin Wynyard West Coast NOVEMBER 2013 (C) Real Estate Institute of Tasmania - 5 -

6 Hobart OTHER DWELLINGS Area Area Area 3a Area 3b Area Area 5a Area 5b Area Area Area Area Area Area Area Area Area Area Area Area Area North West Coast Burnie Ulverstone Devonport Circular Head Railton/Sheffield Latrobe Penguin/Forth Wynyard/Waratah West Coast Residential Other Dwellings Median Price Median $ South 1 South 2 South 3a South 3b South 4 South 5a South 5b South 6 South 7 South 8 North 1 North 2 North 3 North 4 North 5 North 6 North 7 North 8 North 9 North 10 Burnie Ulverstone Devonport Circular Head Railton Latrobe Penguin Wynyard West Coast NOVEMBER 2013 (C) Real Estate Institute of Tasmania - 6 -

7 Hobart LAND Area Area Area 3a Area 3b Area Area 5a Area 5b Area Area Area Area Area Area Area Area Area Area Area Area Area North West Coast Burnie Ulverstone Devonport Circular Head Railton/Sheffield Latrobe Penguin/Forth Wynyard/Waratah West Coast Residential Land Median Price Median $ South 1 South 2 South 3a South 3b South 4 South 5a South 5b South 6 South 7 South 8 North 1 North 2 North 3 North 4 North 5 North 6 North 7 North 8 North 9 North 10 Burnie Price Distribution For House Price SLA Ulverstone Devonport Circular Head Railton Latrobe Penguin Wynyard West Coast NOVEMBER 2013 (C) Real Estate Institute of Tasmania - 7 -

8 HOUSE Hobart North West Coast per Price Bracket per Price Bracket per Price Bracket $000 < m 1.49m m m m m m m m OTHER DWELLINGS LAND Hobart North West Coast per Price Bracket per Price Bracket per Price Bracket $000 < m m m Hobart Year to Year to North West Coast Year to per Price Date per Price Date per Price Date Bracket Bracket Bracket $000 < NOVEMBER 2013 (C) Real Estate Institute of Tasmania - 8 -

9 New Lis(ngs South North North- West Jan- 11 Feb- 11 Mar- 11 Apr- 11 May- 11 Jun- 11 Jul- 11 Aug- 11 Sep- 11 Oct- 11 Nov- 11 Dec- 11 Jan- 12 Feb- 12 Mar- 12 Apr- 12 May- 12 Jun- 12 Jul- 12 Aug- 12 Sep- 12 Oct- 12 Nov- 12 Dec- 12 Jan- 13 Feb- 13 Mar- 13 Apr- 13 May- 13 Jun- 13 Jul- 13 Aug- 13 Sep- 13 Oct- 13 Nov new listings were recorded across the state for November new listings were recorded in the South, 442 new listings in the North, and 349 new listings in the North-West Total Lis(ngs South North North- West Jan- 11 Feb- 11 Mar- 11 Apr- 11 May- 11 Jun- 11 Jul- 11 Aug- 11 Sep- 11 Oct- 11 Nov- 11 Dec- 11 Jan- 12 Feb- 12 Mar- 12 Apr- 12 May- 12 Jun- 12 Jul- 12 Aug- 12 Sep- 12 Oct- 12 Nov- 12 Dec- 12 Jan- 13 Feb- 13 Mar- 13 Apr- 13 May- 13 Jun- 13 Jul- 13 Aug- 13 Sep- 13 Oct- 13 Nov- 13 The total number of listings recorded in Tasmania for November 2013 was This included 6057 from the South, 3739 from the North and 3344 in the North-West Total South North North- West 0 Jan- 11 Feb- 11 Mar- 11 Apr- 11 May- 11 Jun- 11 Jul- 11 Aug- 11 Sep- 11 Oct- 11 Nov- 11 Dec- 11 Jan- 12 Feb- 12 Mar- 12 Apr- 12 May- 12 Jun- 12 Jul- 12 Aug- 12 Sep- 12 Oct- 12 Nov- 12 Dec- 12 Jan- 13 Feb- 13 Mar- 13 Apr- 13 May- 13 Jun- 13 Jul- 13 Aug- 13 Sep- 13 Oct- 13 Nov- 13 The total number of sales (all property types) across Tasmania for November 2013 was 760. This included 411 in the South, 212 sales in the North, and 137 sales in the North-West. NOVEMBER 2013 (C) Real Estate Institute of Tasmania - 9 -

10 Area Buyer Profile House BUYER TYPE (%) First Home Buyer 2+ Home Buyer Developer Investor Retiree No Answer HOBART Area Area Area 3a Area 3b Area Area 5a Area 5b Area Area Area Hobart - SLA Hobart - ALL LAUNCESTON Area Area Area Area Area Area Area Area Area Area SLA ALL NORTH WEST COAST Burnie Ulverstone Devonport Circular Head Railton/Sheffield Latrobe Penguin/Forth Wynyard/Waratah West Coast North West Coast SLA North West Coast - ALL State-Wide SLA State-Wide ALL State-Wide House Buyer Profile Statistical Local Area State-Wide House Buyer Profile All Area's First Home Buyer 2+ Home Buyer Developer Investor Retiree No Answer First Home Buyer 2+ Home Buyer Developer Investor Retiree No Answer NOVEMBER 2013 (C) Real Estate Institute of Tasmania

11 BUYER TYPE (%) Area Buyer Location - House - Vendor Paid Advertising Local Suburb or Town Same City Intrastate Interstate & Overseas No Answer No Yes No Answer HOBART Area Area Area 3a Area 3b Area Area 5a Area 5b Area Area Area Hobart SLA Hobart ALL LAUNCESTON Area Area Area Area Area Area Area Area Area Area SLA ALL NORTH WEST COAST Burnie Ulverstone Devonport Circular Head Railton/Sheffield Latrobe Penguin/Forth Wynyard/Waratah West Coast North West Coast - SLA North West Coast - ALL State-Wide SLA State-Wide ALL State-Wide House Buyer Location Statistical Local Area State-Wide House Buyer Location All Area's Local/Suburb Town Same City Intrastate Interstate/Overseas No Answer Local/Suburb Town Same City Intrastate Interstate/Overseas No Answer NOVEMBER 2013 (C) Real Estate Institute of Tasmania

12 Houses % Multiple Listing Service Sold Before Auction Method of Sale Sold After Auction Auction Conjunctional Sole Agency Open Listing Hobart North West State-wide Tender Other Dwellings % Multiple Listing Service Sold Before Auction Sold After Auction Auction Conjunctional Sole Agency Open Listing Hobart North West State-wide Tender Land % Multiple Listing Service Sold Before Auction Sold After Auction Auction Conjunctional Sole Agency Open Listing Hobart North West State- wide Tender Rental Vacancy Rate % Month Year Hobart North West Coast Tasmania Time To Let <1 week 1-2 weeks >2 weeks Hobart 15.9 % 38.6 % 45.5 % 5.0 % 25.0 % 70.0 % North West Coast % 62.5 % Property Type Median Rent Levels (SLA): Hobart: : North West Coast: Median: Range: Median: Range: Median: Range: 1 brm unit brm unit brm unit only brm house brm house brm house NOVEMBER 2013 (C) Real Estate Institute of Tasmania

13 Rent Levels By Area: Hobart Suburb Median Rent Number Number of bedrooms 1 Bedroom 2 Bedroom 3 Bedroom 4 Bedroom Area Area Area 3a Area 3b Area Area 5a Area 5b Area Area Area Suburb Median Rent Number Number of Bedrooms 1 Bedroom 2 Bedroom 3 Bedroom 4 Bedroom Area Area Area Area Area Area Area Area Area Area North West Coast Suburb Median Rent Number Number of Bedrooms 1 Bedroom 2 Bedroom 3 Bedroom 4 Bedroom Burnie Ulverstone Devonport Circular Head Railton / Sheffield Latrobe Penguin / Forth Wynyard / Waratah West Coast Survey Coverage Hobart: 73 Agents submitted returns for November The sales report for all areas is based on 237 house sales, 61 other dwelling sales and 26 land sales. The sales report covering the statistical local area (SLA) is based on181 house sales, 69 other dwelling sales and 21 land sales. An aggregate rent roll of 6595 properties provided the data for the rental report. : 38 Agents submitted returns for November The sales report for all areas is based on 147 house sales, 23 other dwelling sales and 15 land sales. The sales report covering the statistical local area (SLA) is based on 96 house sales, 13 other dwelling sales and 19 land sales. An aggregate rent roll of 4549 reported properties provided the data for the rental report. North West Coast: 32 Agents submitted returns for November The sales report for all areas is based on 71 house sales, 7 other dwelling sales and 9 land sales. The sales report covering the statistical local area (SLA) is based on 53 house sales, 13 other dwelling sales and 8 land sales. An aggregate rent roll of 3174 properties provided the data for the rental report. NOVEMBER 2013 (C) Real Estate Institute of Tasmania

14 List of Suburbs Included in Each Area: Hobart: Area 1 (SLA) Kingston, Blackmans Bay, Huntingfield, Browns River, Firthside, Bonnet Hill, Fern Tree, Margate Area 2 (SLA) Glenorchy, Derwent Park, Goodwood, Montrose, Rosetta, Berriedale, Chigwell, Claremont, Austins Ferry, Bridgewater, Gagebrook, Springfield, Florence Heights, Dowsings Point, Old Beach, Compton Downs Area 3a (SLA) Geilston Bay, Lindisfarne, Rose Bay, Rosny, Bellerive, Howrah, Tranmere, Otago Bay, Acton, Lauderdale, Seven Mile Beach, Montagu Bay Area 3b (SLA) Risdon Vale, Warrane, Clarendon Vale, Oakdowns, Rokeby, Mornington Area 4 (SLA) City, West Hobart, North Hobart, South Hobart, Glebe, Cascades, Mt Stuart, Area 5a (SLA) New Town, Lenah Valley Area 5b (SLA) Moonah, Lutana, East Risdon Area 6 (SLA) Battery Point, Sandy Bay, Taroona, Mt Nelson, Dynnyrne, Tolman's Hill Area 7 Cygnet, Dover, Geeveston, Huonville Area 8 Dodges Ferry, Dunalley, Lewisham, Midway Point, Sorell : Area 1 (SLA) Riverside, Trevallyn, Stephensdale Area 2 (SLA) Newnham, Mowbray, Vermont, Invermay, Ravenswood, Waverley, St Leonards, Inveresk, Rocherlea, Mayfield, Alanvale Area 3 (SLA) Newstead, Norwood, East, Punchbowl, Elphin, Richings, Queechy Area 4 (SLA) Kings Meadows, South, West, Youngtown, Prospect, Summerhill, Sandhill, Travellers Rest/Retreat, Glen Dhu, Blackstone Heights Area 5 (SLA) City, Glebe Area 6 Fingal, St Helens, St Marys, Scamander Area 7 Branxholm, Bridport, Derby, Scottsdale, Winnaleah Area 8 Carrick, Deloraine, Hagley, Hadspen, Mole Creek, Westbury Area 9 Beaconsfield, Beauty Point, Exeter, Legana Area 10 Avoca, Campbell Town, Cressy, Evandale, Liffey, Longford, Perth North West: Burnie (SLA) Burnie, Cooee, Wivenhoe Devonport (SLA) Ambleside, Devonport, Don, Miandetta, Quoiba, Spreyton Ulverstone (SLA) Ulverstone, Turners Beach Circular Head Marrawah, Smithton, Stanley Railton/Sheffield Railton, Sheffield, Cradle Mountain Latrobe Hawley Beach, Latrobe, Port Sorell, Shearwater Penguin/Forth Penguin, Forth Wynyard/Waratah Wynyard, Waratah, Somerset, Savage River West Coast Queenstown, Rosebery, Strahan, Zeehan Statistical Local Area (SLA): The residential sales and rental data which has been indicated as being an (SLA) is based on the same geographical classifications structures as defined and used by the Australian Bureau of Statistics. These areas are how Hobart, and the North West are defined and are indicated on the above table. New areas have been added to this report for each region, but these do not affect the SLA s that are reported each month, and reported previously. For example: the Hobart median for this report consists of areas 1 to 6, is areas 1 to 5, and the North West consists of Burnie, Devonport and Ulverstone. TASMANIAN PROPERTY MARKET is a summary of survey data from sources believed to be reliable but is not guaranteed in any way. While REIT has full confidence in Tasmanian Facts, no warranty, no guarantee, or holding out, either expressed or implied is given and persons or companies who pursue financial investment or otherwise who act on the basis of this data do so at their own risk. Subscription enquiries: research@reit.com.au Copyright 2013 Real Estate Institute of Tasmania NOVEMBER 2013 (C) Real Estate Institute of Tasmania