TAS What do you guys think of Hobart to buy house

What do you guys think of Hobart to buy house

 

Oh dear... are we going to get one of these for every postcode in Australia?

Sigemup, you need to do some research of your own. It’s not sexy, but start with every other thread first to get some background. “Where to buy” is literally the last question in the process. And even when you get here - start with the search bar. Plenty on Hobart, as well as the other cities/towns you are scattershotting us all with.

 

The time to buy in Hobart might have been a couple of years ago.

Great city, though.

 

To live in or invest? I noticed you've asked about a few suburbs in separate threads, Quaenbeyan, Regents Park, Dubbo, Artamon, Katoomba - What's attracting you to these areas, is it price?

 

Op, search overseas property as well.

 

Hi Guys,

Thank you for your replies ! I am doing research as well but asking these questions to get a general high level feel of the locality. (Besides I saw a lot of such posts asking if this or that area is good :-D )

I do understand what you guys are saying

What I am looking for is to invest in. But I am not would not be for a big capital growth. I am looking at property with below specifications:

1. Less than $250,000 (Max stretch to $350,000) (less than $1000 payments per month)

2. Location that is middle income range people and house prices are not inflated

3. Potential to not go down in this market (something that is not inflated in price) and potential to maybe grow 2 or 3 % over next few years

4. Rental yield enough to cover costs (mortgage and strata etc) and give 1 % or so profit.

Hence looking at regional areas or smaller cities etc and I like smaller cities as well to stay so. And since units do not grow quick and are less inflated than houses, looking at those as well.

Thank you

 

Would have been a great purchase between 2015 to early 2017. Not now ... party's over.

 

And whats the point here? 2k a year income, 10k gains over a few years. For what?

 

A house for retirement and would not have to pay rent then correct ?

 

Why not move to a cheaper country if you dont seem to care where you live? Most people here aim higher.

 

I do care where I live and prefer somewhere here in the countryside or smaller city. And I would have the equity that keeps up with the market so I can buy where I want later. Or maybe now in places such as Hobart or Katoomba. With others it just keeps with the property market so I have equity to buy later.

Does not matter whether I aim higher or not. Just here for property chat so.

 

Funnily enough I have properties in both Upper Blue Mountains and Hobart.

On your budget I would be looking more regional again. Launceston, Bathurst,

 

Agree. Bathurst is a great place in that $$$ range. A beautiful town with lots of potential

 

I think you would have received a better response as what some of the others said by doing some research first, as it may be perceived negatively as a freeloader. Btw my hot tip area for you is Australia.

 

I think this is a fair assessment. Probably some good opportunities still there but not going to see the immediate capital growth.

 

Interesting to see the sentiment from a year ago vs what actually happened. Incredibly, Hobart's party is still going strong. 10's to 100's of people through open homes, multiple offers, offers well above asking price... 90% of purchasers have been locals. Talking to a few agents, all are expecting even more pressure on the market once the borders open in a couple of days.

Hobart Australia's best performer on Knight Frank's Q2 global index

 

The best prediction doesnt help if people dont actually buy anything.

 

Hobart is still going strong but it’s now pricey. More value maybe at Lsunceston and Adelaide. No quality homes under 500k in the blue mountains.