Tasmania

What a capital idea


HOBART’S median dwelling price is climbing closer and closer to those in Darwin and Adelaide — Australia’s next most affordable capital cities.

If the southernmost capital’s home value growth continues this year, Hobart might lose its grip on the title of Australia’s most affordable city.

For the past eight months in a row, Hobart homes have led the nation for the percentage of growth in median prices.

What was once a shock — seeing large Hobart growth figures sitting alongside those in Sydney and Melbourne — has become the norm.

Last week CoreLogic released its monthly Home Value Index, which reported annual growth of 13 per cent in Hobart.

The next highest figure was Melbourne at 5.3 per cent.

Clearly this level of activity is pushing Hobart’s median price upwards.

CoreLogic’s March report put Hobart’s median dwelling price at $423,468, Darwin’s at $429,048 and Adelaide’s median at $434,629.

That is a difference of only $5580 between Hobart and Darwin, and $11,161 …

Read the full article at: http://www.news.com.au/national/tasmania/will-hobart-catch-darwin-or-adelaides-median-price/news-story/0f7b4a8d6dcfb9106bd39b90362cdd1c

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