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Research
Winter/25 Regional Tasmania Residential
The Big Picture Recent interest rate reductions have been designed to boost economic activity, and have prompted banks to adjust mortgage rates. However, some buyers remain cautious and holding out for more anticipated rate cuts. Regional Tasmania has experienced an upward trend in sales activity over the past year, despite a lower number of new listings and properties taking longer to sell with many attracted to the value proposition.
Property prices across Regional Tasmania have modestly recovered over the past year with a similar trajectory to continue over the next two years supported by a small number of new homes coming to market and improving buyer sentiment. Unless more homes are made available, rents are likely to keep climbing, adding to the cost-of-living pressures for many households.