TAS Hobart is absolutely flying

It will be interesting to see the final price.

 

The weather in Tassie is crap, who'd want to live there?

 

In summer it isn't, haven't experienced the rest of the year, though Millions seem to live and many more flock to Melbourne...........so is that a factor .

Tassie is dead set awesome in what it offers in such a condensed area. I can only see it's tourist appeal growing, which is a major industry.

 

I went there for Christmas/New Years for 10 days.
Was cold and rained almost every day, cloudy and overcast.
Definitely nothing like the photos in the tourist brochures So miserable...

 

Tasmanians?

 

Well, they only live there temporarily until they move away to the mainland.
Apart from the ones who are too old to move.

 

Or too young to have the freedom to do it .....

In reality many of the people down there ❤️ it . Yep , it's not like Sydney , but for many people going there thats an attraction


I was camping there many years ago next to a creek . Heard a splashing in the morning and looked out of the tent two see two platapuses hunting for food . Maybe that colours my opinion .

Cliff

 

Another good reason to live in Tasmania is the quality waves

 

@Ace in the Hole and @See Change

I live on an acreage with my horse 15 minutes from the city If I start work at 8am there is literally not traffic. So the liveability factor is very high.

 

Sound the complete opposite of the 2 weeks I spent travelling the state the previous Christmas/New Year . Weather was mint. Only 1 day of rain. Went swimming in lakes, creeks/rivers, the beach. Sure the water was certainly colder than Brisbane, but I didn't die .

As a tourist visit, I've not stopped talking the place up. Like SeaChange says, the entire appeal is that it isn't like Sydney/larger capitals.

 

Where did you go? Tassie has some of the most beautiful places in all of oz!

 

In all seriousness though @Ace in the Hole summers here are normally amazing mid twenties every day with a few warmer periods. But this summer the weather was all over the place!

We have mountains, forests, beaches, caves, heritage, food and wine... Hobart ticks so many boxes.. Especially with regards to affordability and yields.

 

Hobart a couple of days, then up the east coast to some ****hole of a place called Scamander for a few days, did a few day trips from there. That place sucked, walked across a bridge there and there were a few families with filthy sooty faced kids fishing of the bridge, they honestly looked like inbred ferals, must live up in the mountains somewhere, totally wierd experience.
Then Up to Launceston for a few days, then back to Hobart for a couple of days.
Did day trips pretty much every day and had some adventurous times, but still, the weather really let the whole trip down.
Almost zero phone reception the whole trip too !!!

I'm a city type of person and can't stay too long away from modern conveniences.

 

Ace

The reality is that for a lot of city people , while Hobart might offer elements of a city life , when you compare it to Sydney and Melbourne , it's not on the radar , but for people who like it , that's exactly the point . That doesn't mean that it's a bad place to invest in .

One thing to keep in mind is the population size .

Tasmania's total population ( 515 K ) is less than the Population of Newcastle ( 552 ) and a bit bigger than Canberra / Queanbeyan ( 417 K ) , so to get changes in the supply / demand equation , you don't need a massive number of people buying there . Another nice thing is that given it's size , you don't get the massive unit development which can throw the bigger cities supply out of kilter. any development I've seen has been greenfield on the edge of towns , so that hasn't impacted the inner rings of Hobart and Launceston .

For anyone actively looking for where to invest , Hobart has been getting more than it's fair share of publicity in the last months ( not just here ) and it's still very affordable with good returns / low vacancies.

We haven't bought anything in the current cycle in Hobart though have a block of four units in New Twon which we bought in the early 2000's . Current vacancy rate in New Town is 0.5 % . in the over 15 years we've had it , the only time we've had a vacancy of more than 1 week ( that's rare ) is when we renovated one unit . It is an island , so it does operate on island time ) but again for people down there , that's part of the attraction .

Personally I don't want to live there , but it's been our best investment so far . It more than doubled in the last cycle ( and now taking off again ) , is in a nice part of town so it's always in demand , it returned 10 % when we bought it and now on the purchase price , returns over 20 % . It's a little cash cow that helps pay for the shortfall on our more recent investments , and when we take profits and pay down debt in the next few years , the rent would pay for all our basic expenses.

Cliff

 

Well actually we are seeing a lot of climate refugees from the warmer states already

 

Still way too much reliance on tourism.
Without that wierdo genius David Walsh injecting his wealth, who know's where Tassie would be.
Even with government subsidies, his events and Mona are still losing money.

 

I was in Hobart and surrounding areas in December last year and apart from the day of my arrival the weather for the week was great (sunny and mild). It was a welcome relief from the typical disgusting Sydney heat and humidity that I have put up with all my life from December to February each year. The relentless population growth has also reduced Sydney's livability. I truly believe in global warming and its only going to get worse.

I know Tasmania and Hobart doesn't have the excitement and variety of choices of places like Sydney and Melbourne but I suppose it depends what you are looking for. I liked it, and will definitely return for another holiday and would consider living in a nice part of Hobart etc when I retire. The old cliche of Sydneysiders relocating to Queensland (Cairns anyone?) for retirement or cheaper housing would my absolute %*&@ing worst nightmare.

 

It's probably more reliant on Centerlink Benifits ...

Cliff

 

Launceston ♥

 

"The 2011 census revealed that over a third of Tasmanian households derived their sole or primary source of income from a Commonwealth government payment: old-age pension, disability, supporting parent, and, of course, unemployment."

and

"Only a minority of Tasmanian households derive their income from participation in the private sector, and few indeed are dependent on the portion of the private sector traded out of the state."

Source: What's wrong with Tasmania, Australia's freeloading state? - Crikey