Tasmanian Real Estate Sets New Record
The state’s median house price is at a record level.
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Launceston has seen median house prices increase by 23.8% in the past year – now up to $470,000, according to the latest data from the Real Estate Institute of Tasmania (REIT).
The REIT’s quarterly report noted a record 4.46 billion in real estate sales in Tasmania over the past 12 months until September.
Sales in 2021 lifted by 15.8% on the previous year with values up 18.7%.
Across the state, the median price for a Tasmanian home in September was $520,000 – an increase of 7.4% over 12 months.
According to REIT, the lift in property prices has lowered investment levels. Mainland buyer numbers were up to 1653 from 1051 last year but only represented 18.1% of sales.
Investor levels tell a similar story with sales to investors up to 36.5% compares to last year however represented 19% of all sales.
Real Estate Institute of Tasmania president Michael Walsh said strong buyer demand and a severe lack of supply was being experienced by each Australian capital city.
“We clearly need to find avenues to release the pressure that has been placed on the rental and sales markets by seeking the government’s help to look for ways to expediently create more rental properties and building more established homes for sale,” said Mr Walsh,
With investor levels down, a rise in pressure on rental asking prices has been felt across the Tasmanian market. The quarterly report indicates rental vacancy rates are between 0.8 to 1.2 % across the state.
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There’s no shortage of design inspiration online but nothing beats the joy of spending an afternoon immersing yourself in a good interior design book. Edited, carefully curated and, above all, designed, these titles take you behind the scenes of some of the world’s most beautiful interiors in a considered way. Think of it like the difference between listening to a few tunes on Spotify versus releasing a thoughtfully crafted studio album. We’ve assembled our top six of interior design books on the market right now for your viewing and reading pleasure.
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2 House of Joy
If there was ever a book title for our times, then this is it. With a subtitle of Playful Homes and Cheerful Living, this book champions fun in interior design, with bold and bright homes from around the world to delight and inspire. While there’s a good dose of the unexpected, like a disco ball in the garden, there’s no mayhem in these spaces. Instead, they’re beautifully executed to tempt even the most colour shy. Gestalten, $105
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Looking for a visual crash course in international design trends with longevity? This is the book for you. Featuring homes across the globe, from New York to Auckland via Avignon, the biggest dilemma for readers is settling on a style. Many of the projects are owned by designers and creatives, lending a dynamic edge to this tome, now in its 40th year. Taschen, $50
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6. The Layered Interior
Released last year, this is the third volume from award-winning interior designer Greg Natale. Different in format from his earlier books, the eight projects featured are Australian but with a slight Euro-centric focus. The writing is conversational, almost intimate, inviting the reader into the most luxurious spaces beautifully captured by photographer Anson Smart. This coffee table tome is perfect for dreamers and doers alike. Rizzoli, $110
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Continue reading “Pot Stocks Are Getting Crushed. What You Need to Know.”
