GLENORCHY was southern Tasmania’s busiest suburb for most of last year as it recorded almost 200 house sales in a 12-month span, according to CoreLogic figures.
In the last Market Trends report of 2018 — looking at the 12 months through to the end of September last year — CoreLogic figures showed this northern suburb’s hub recorded 196 sales at a median price of $351,000, which was up by 14 per cent on the previous 12 months.
In the South, Sandy Bay and Kingston and in the North Ulverstone and Riverside all notched house sales in the 150 to 156 range, with median prices as low as $278,000 up to $907,500.
Devonport remained the state’s leader with 320 sales in this year-long period at a median of $259,000 and 8.6 per cent growth.
The largest positive change in median house price was at Fern Tree at 44 per cent with 10 sales. Its median price was $576,000.
The next best results were Maydena in the Derwent Valley with its 43.6 per cent change, 21 sales and a $200,000 median price, followed by Launceston’s Underwood with 10 sales at $407,500 and 42.5 per cent growth.
In the units market, the
North-West Coast suburb of Somerset clocked 16 sales, a $255,000 median price and 41.7 per cent growth.
Another northern suburb, Trevallyn, was close behind with
40.4 per cent growth, 20 sales and a unit median price at $266,750.
South Hobart was the best in the South of the state with 40.2 per cent median unit change, 25 sales and a $500,000 median.
Local agents have reported, anecdotally, that properties were taking a little longer to sell towards the end of 2018 than they had been earlier in the year.
This can be seen in the number of suburbs recording single-digit “days on market” figures, which was up at about 20 or 30 but is now down to 12.
Alongside Subiaco in Western Australia, each of these suburbs recorded the fastest sales results in Australia — an average of six to eight days before selling — and every suburb was in Greater Hobart.
Tasmanian suburbs with single-digit “days on market” figures —
Houses: Bridgewater, Geilston Bay, Howrah, Lauderdale, Mornington, Claremont, Mount Nelson, Mount Stuart.
Units: Lindisfarne, Glenorchy, Sandy Bay, West Hobart.