REIT TASMANIAN PROPERTY REPORT where November 2013 NOVEMBER 2013
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 -
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 2013. 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 2013. 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 2012. 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 2013. 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 2013. 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 360000-2.4-6.5 357750 0.5 3.7-0.3 275000-1.8-0.9 268667 0.6 3.5 0.1 Burnie 240000 4.3 17.1 226917-4.3 4.2-0.2 Ulverstone 269250-5.5 7.7 260854 6.6 4.2-0.2 Devonport 239000-4.4-4.4 248000 2.5 4.2-0.2 Tasmania 294000-5.9-4.9 297292 0.4 3.7-0.2 * 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 -
Statistical Local Area (SLA) Overview for Tasmania Hobart Houses Flats Units Town Houses Apartments Land Moving Annual Median 357750 228208 262573 364667 416958 140838 Monthly Median 360000 223000 277500 295000 420000 162000 Price Range 129000-1280000 115000-365000 50000-450000 290000-660000 310000-875000 70000-288000 Number of 181 5 54 3 7 21 Houses Flats Units Town Houses Apartments Land Moving Annual Median 268667 100958 208938 263813 59375 129542 Monthly Median 275000 195000 235000 311500-110000 Price Range 90000-640000 195000 only 142000-315000 255000-312000 - 65000-250000 Number of 96 1 9 3-19 East Coast Houses Other Dwellings Land Moving Annual Median 245396 59750 89896 Monthly Median 225000-74000 Price Range 55000-370000 - 38000-110000 Number of 11-2 North West Burnie Houses Other Dwellings Land Moving Annual Median 226917 204104 69927 Monthly Median 240000 167500 40000 Price Range 110000-700000 132000-540000 30000-180000 Number of 16 4 4 Ulverstone Houses Other Dwellings Land Moving Annual Median 260854 202250 74375 Monthly Median 269250 245000 106500 Price Range 198000-560000 80000-289000 93000-120000 Number of 8 3 2 Devonport Houses Other Dwellings Land Moving Annual Median 248000 186833 79167 Monthly Median 239000 189000 67500 Price Range 94000-435000 80000-289000 66000-69000 Number of 29 6 2 Monthly Quartile Figures Monthly Quartile Figures (Houses) Hobart Burnie Ulverstone Devonport Median 360000 275000 240000 269250 239000 Lower Quartile 300000 214250 187500 225000 182500 Upper Quartile 460000 333875 285000 487500 310000 NOVEMBER 2013 (C) Real Estate Institute of Tasmania - 4 -
Hobart HOUSES Area 1 27 349950 340000-16.8-5.6 60 Area 2 36 292500 253500-0.6-4.3 78 Area 3a 48 423750 412750 8.6 7.8 39 Area 3b 8 262500 254125-7.8-9.1 48 Area 4 19 420000 410000-15.5-15.7 17 Area 5a 11 352000 352000-17.2-4.1 17 Area 5b 15 310000 305000-1.6 26.6 24 Area 6 17 600000 600000 14.3 16.8 15 Area 7 27 310000 310000 8.8 33.3 86 Area 8 1 195000 180000-14.3-32.1 28 Area 1 13 299000 289000-1.2-11.1 43 Area 2 24 219500 206750 4.7-11.1 60 Area 3 16 316500 305500-6.0 0.2 40 Area 4 41 279000 280750-1.5-1.5 42 Area 5 2 394000 381250-29.4 29.2 13 Area 6 5 230000 225000 33.9-5.9 489 Area 7 9 165000 165000-30.8 83.3 52 Area 8 6 229000 214500-28.6-37.4 89 Area 9 8 185000 172500-21.6-43.4 124 Area 10 10 277000 270000 0.4-6.9 36 North West Coast Burnie 16 249000 240000 17.1 4.3 44 Ulverstone 8 277500 269250 7.7-5.5 100 Devonport 29 239000 239000-4.4-4.4 78 Circular Head 4 172500 161500 34.6-31.3 224 Railton/Sheffield 6 257500 252500 4.1-8.2 100 Latrobe 6 264000 262000-28.2-19.4 17 Penguin/Forth 5 259000 256000 19.1-47 Wynyard/Waratah 7 220000 195000-15.2-25.6 37 West Coast - - - - - - Residential House Median Price 700000 600000 500000 Median $ 400000 300000 200000 100000 0 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 -
Hobart OTHER DWELLINGS Area 1 11 335000 310000 26.5 17.0 99 Area 2 12 182000 182375 8.4-12.3 110 Area 3a 16 342500 315000 12.5 8.6 72 Area 3b - - - - - - Area 4 15 375000 330000-0.5-21.4 67 Area 5a 5 220000 224000 8.0-64 Area 5b 2 175000 172750-19.7-19.7 96 Area 6 8 342500 340000-0.4 6.3 26 Area 7 2 232500 232500 16.3-196 Area 8 - - - - - - Area 1 1 270000 255000-6.6-10.5 33 Area 2 2 268000 261000 66.2 56.6 90 Area 3 2 245000 241500 18.7 53.3 170 Area 4 6 213250 203500-21.0-8.3 74 Area 5 2 302000 311750-17.5 4.9 37 Area 6 - - - - - - Area 7 - - - - - - Area 8 - - - - - - Area 9 - - - - - - Area 10 - - - - - - North West Coast Burnie 4 187500 167500-32.7-8.5 248 Ulverstone 3 250000 245000-15.5 1.9 69 Devonport 6 198000 189000-6.0 2.2 172 Circular Head - - - - - - Railton/Sheffield - - - - - - Latrobe 3 249000 235000 42.4-50 Penguin/Forth - - - - - - Wynyard/Waratah 2 199000 192500 11.6-39.3 114 West Coast - - - - - - Residential Other Dwellings Median Price 400000 350000 300000 250000 Median $ 200000 150000 100000 50000 0 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 -
Hobart LAND Area 1 6 199000 182000-2.4-11.2 111 Area 2 7 97500 97500-4.9-84 Area 3a 2 237500 220000 25.0 18.9 80 Area 3b 1 140000 115000 4.5 43.8 79 Area 4 4 169500 162250-15.7 1.4 100 Area 5a - - - - - - Area 5b - - - - - - Area 6 1 215000 200000 - - 148 Area 7 6 59750 57000-68.3-70.3 182 Area 8 1 60000 45000-71.9-55.1 647 Area 1 7 95000 92000-10.8 35 Area 2 4 162500 153500 15.8-433 Area 3 1 90000 90000 - - 165 Area 4 7 125000 116000-16.5-34.8 138 Area 5 - - - - - - Area 6 1 42000 38000-30.9-24.0 939 Area 7 1 89000 77000 413.3 1183.3 691 Area 8 2 142500 142500-87.0-515 Area 9 - - - - - - Area 10 5 87000 85000-89.8-66.7 124 North West Coast Burnie 4 47500 40000-72.4-11.1 356 Ulverstone 2 112000 106500-33.1 142 Devonport 2 72000 67500-15.6-406 Circular Head - - - - - - Railton/Sheffield - - - - - - Latrobe 3 110000 100000-17.6 528 Penguin/Forth 1 70000 68000 - - 42 Wynyard/Waratah 3 22000 22000 - - 215 West Coast - - - - - - 250000 Residential Land Median Price 200000 Median $ 150000 100000 50000 0 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 -
HOUSE Hobart North West Coast per Price Bracket per Price Bracket per Price Bracket $000 <100-1 1 100 149 3 3 3 150 199 9 12 14 200 249 12 22 11 250 299 21 22 10 300 349 33 15 6 350 399 32 10 3 400 449 21 7 1 450 499 15 2 2 500 599 14 1 1 600 699 11 1-700 799 2-1 800 899 5 - - 900 999 2 - - 1m 1.49m 1 - - 1.5m - 1.99m - - - 2m - 2.49m - - - 2.5m - 2.99m - - - 3m+ - - - OTHER DWELLINGS LAND Hobart North West Coast per Price Bracket per Price Bracket per Price Bracket $000 <100 1-2 100 149 3 1 1 150 199 8 3 6 200 249 12 3 1 250 299 13 3 1 300 349 9 3 1 350 399 7 - - 400 449 7 - - 450 499 1 - - 500 749 1-1 750 999 - - - 1m - 1.99m - - - 2m+ - - - Hobart Year to Year to North West Coast Year to per Price Date per Price Date per Price Date Bracket Bracket Bracket $000 <100 5 40 8 32 6 30 100-149 4 72 6 34 1 14 150-199 8 40 4 27 1 6 200-249 3 27-5 - - 250-299 1 10 1 3-1 300+ - 9 - - - - NOVEMBER 2013 (C) Real Estate Institute of Tasmania - 8 -
700 600 500 400 300 200 100 0 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- 13 1418 new listings were recorded across the state for November 2013. 627 new listings were recorded in the South, 442 new listings in the North, and 349 new listings in the North-West. 7000 6000 5000 4000 3000 2000 1000 0 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 13140. This included 6057 from the South, 3739 from the North and 3344 in the North-West. 500 400 300 200 100 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 -
Area Buyer Profile House BUYER TYPE (%) First Home Buyer 2+ Home Buyer Developer Investor Retiree No Answer HOBART Area 1 22.2 44.4-3.7 3.7 25.9 Area 2 11.1 47.2-11.1 2.8 27.8 Area 3a 12.5 56.3-6.3 4.2 20.8 Area 3b 25.0 37.5-25.0-12.5 Area 4 21.1 21.1-10.5 5.3 42.1 Area 5a 9.1 54.5-9.1-27.3 Area 5b 13.3 26.7-20.0-40.0 Area 6 5.9 23.5-5.9 5.9 58.8 Area 7 7.4 74.1-3.7 11.1 3.7 Area 8 100.0 - - - - - Hobart - SLA 14.4 42.5-9.4 3.3 30.4 Hobart - ALL 13.9 46.4-8.6 4.3 26.8 LAUNCESTON Area 1 15.4 69.2-15.4 - - Area 2 25.0 37.5-20.8 8.3 8.3 Area 3 18.8 62.5-6.3-12.5 Area 4 22.0 41.5 2.4 19.5 2.4 12.2 Area 5-50.0-50.0 - - Area 6 22.0 60.0-20.0 - - Area 7-66.7-22.2 11.1 - Area 8 50.0 33.3-16.7 - - Area 9-50.0-25.0 25.0 - Area 10 20.0 70.0 - - - 10.0 SLA 20.8 47.9 1.0 17.7 3.1 9.4 ALL 19.4 50.7 0.7 17.2 4.5 7.5 NORTH WEST COAST Burnie 25.0 68.8 6.3 - - - Ulverstone 25.0 62.5-12.5 - - Devonport 20.7 55.2-20.7 3.4 - Circular Head 25.0 - - 50.0 25.0 - Railton/Sheffield 33.3 66.7 - - - - Latrobe 33.3 50.0-16.7 - - Penguin/Forth 40.0 - - - - 60.0 Wynyard/Waratah 28.6 42.9 - - 28.6 - West Coast - - - - - - North West Coast SLA 22.6 60.4 1.9 13.2 1.9 - North West Coast - ALL 25.9 51.9 1.2 12.3 4.9 3.7 State-Wide SLA 17.6 47.0 0.6 12.4 3.0 19.4 State-Wide ALL 21.3 39.0 0.6 14.3 5.3 19.4 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 - 10 -
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 1 25.9 25.9 7.4 14.8 25.9 14.8 63.0 22.2 Area 2 36.1 27.8 5.6 5.6 25.0 2.8 88.9 8.3 Area 3a 43.8 29.2 2.1 6.3 18.8 12.5 70.8 16.7 Area 3b 50.0 25.0-12.5 12.5 12.5 87.5 - Area 4 21.1 21.1-15.8 42.1 31.6 63.2 5.3 Area 5a 27.3 9.1 18.2 18.2 27.3 18.2 54.5 27.3 Area 5b 13.3 20.0-26.7 40.0 13.3 53.3 33.3 Area 6 35.3 5.9-5.9 52.9 11.8 52.9 35.3 Area 7 29.6 11.1 7.4 48.1 3.7 33.3 66.7 - Area 8 100.0 - - - - - 100.0 - Hobart SLA 33.1 23.2 3.9 11.0 28.7 13.4 68.8 17.8 Hobart ALL 33.0 21.5 4.3 15.8 25.4 16.2 68.6 15.1 LAUNCESTON Area 1 30.8 53.8 7.7 7.7 - - 92.3 7.7 Area 2 37.5 37.5 8.3 16.7-16.7 62.5 20.8 Area 3 31.3 50.0 6.3 12.5-6.3 62.5 31.3 Area 4 53.7 31.7 7.3 4.9 2.4 4.9 65.9 29.3 Area 5 50.0 - - - 50.0 - - 100.0 Area 6 60.0-20.0 20.0 - - 20.0 80.0 Area 7 22.2-33.3 44.4-77.8-22.2 Area 8 50.0 16.7 16.7 16.7-16.7 66.7 16.7 Area 9 25.0 12.5 12.5 50.0-12.5 87.5 - Area 10 50.0-40.0 10.0 - - 60.0 40.0 SLA 42.7 38.5 7.3 9.4 2.1 7.3 66.7 26.0 ALL 41.8 29.1 12.7 14.9 1.5 11.9 61.2 26.9 NORTH WEST COAST Burnie 68.8 25.0-6.3-12.5 87.5 - Ulverstone 50.0 12.5 25.0 12.5-12.5 87.5 - Devonport 58.6 24.1 6.9 10.3-3.4 55.2 41.4 Circular Head 40.0-40.0 20.0 - - 100.0 - Railton/Sheffield 33.3-33.3 33.3-16.7 83.3 - Latrobe 33.3-50.0 16.7-33.3 50.0 16.7 Penguin/Forth 60.0-20.0 20.0 - - - 100.0 Wynyard/Waratah 85.7 14.3 - - - - 42.9 57.1 West Coast - - - - - - - - North West Coast - SLA 60.4 22.6 7.5 9.4-7.5 69.8 22.6 North West Coast - ALL 57.3 15.9 14.6 12.2-12.3 71.6 16.0 State-Wide SLA 40.3 27.6 5.5 10.3 16.4 10.5 68.3 21.2 State-Wide ALL 40.5 22.8 8.9 14.8 12.9 14.0 66.8 19.3 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 - 11 -
Houses % Multiple Listing Service Sold Before Auction Method of Sale Sold After Auction Auction Conjunctional Sole Agency Open Listing Hobart - 1.1 1.1 0.6-97.2 - - - - 6.3-2.1 91.7 - - North West - - 1.9 1.9 1.9 94.3 - - State-wide - 0.6 2.7 0.6 0.9 95.2 - - Tender Other Dwellings % Multiple Listing Service Sold Before Auction Sold After Auction Auction Conjunctional Sole Agency Open Listing Hobart - - - 1.6-98.4 - - - - 7.7 - - 92.3 - - North West - - - - - 100.0 - - State-wide - - 1.1 1.1-97.7 - - Tender Land % Multiple Listing Service Sold Before Auction Sold After Auction Auction Conjunctional Sole Agency Open Listing Hobart - - - - - 100.0 - - - - 10.5 10.5 10.5 68.4 - - North West - - - - - 100.0 - - State- wide - - 4.2 4.2 4.2 87.5 - - Tender Rental Vacancy Rate % Month Year Hobart 3.7-0.3-0.9 3.5 0.1-0.1 North West Coast 4.2-0.2-1.5 Tasmania 3.7-0.2-0.9 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 - 37.5 % 62.5 % Property Type Median Rent Levels (SLA): Hobart: : North West Coast: Median: Range: Median: Range: Median: Range: 1 brm unit 200 140-450 170 130-700 150 135-180 2 brm unit 273 175-650 203 150-455 233 160-350 3 brm unit 323 255-550 285 285 only 200 180-264 2 brm house 300 205-455 255 140-380 208 160-255 3 brm house 350 170-750 260 165-375 240 160-360 4 brm house 437 300-750 350 230-440 290 240-300 NOVEMBER 2013 (C) Real Estate Institute of Tasmania - 12 -
Rent Levels By Area: Hobart Suburb Median Rent Number Number of bedrooms 1 Bedroom 2 Bedroom 3 Bedroom 4 Bedroom Area 1 348 30-7 17 6 Area 2 270 60 3 22 28 7 Area 3a 325 58 5 18 24 11 Area 3b 270 19-5 14 - Area 4 350 82 21 30 25 6 Area 5a 260 40 5 25 9 1 Area 5b 273 28 3 15 8 2 Area 6 380 69 11 33 14 10 Area 7 228 14 2 3 9 - Area 8 290 13-5 7 1 Suburb Median Rent Number Number of Bedrooms 1 Bedroom 2 Bedroom 3 Bedroom 4 Bedroom Area 1 270 15 3 6 5 1 Area 2 230 67 4 13 43 7 Area 3 255 18 2 8 4 4 Area 4 258 54 5 29 16 4 Area 5 280 15 6 6 2 1 Area 6 220 13-6 1 6 Area 7 - - - - - - Area 8 230 10 2 3 4 1 Area 9 325 5 - - 3 2 Area 10 240 13 1 5 6 1 North West Coast Suburb Median Rent Number Number of Bedrooms 1 Bedroom 2 Bedroom 3 Bedroom 4 Bedroom Burnie 230 47 4 15 25 3 Ulverstone 250 17 1 3 11 2 Devonport 238 30 3 8 18 1 Circular Head - - - - - - Railton / Sheffield 215 6-1 5 - Latrobe 245 16 1 5 8 2 Penguin / Forth 220 5 1 1 2 1 Wynyard / Waratah 238 12 1 4 5 2 West Coast 163 16 2 1 13 - Survey Coverage Hobart: 73 Agents submitted returns for November 2013. 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 2013. 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 2013. 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 - 13 -
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 - 14 -