National

Tasmania

Tasmania, (TAS), is an island state of Australia. It is located 240 km to the south of the Australian mainland, separated from it by Bass Strait. The state encompasses the main island of Tasmania, the 26th-largest island in the world, and the surrounding 1000 islands, almost all of which are uninhabited apart from the prolific wildlife. TAS has some of the world’s most unpolluted and pristine air, land, and water, leading to exceptional standards of produce from fruit to seafood, to meat, vegetables, and world-class wine. The capital Hobart is like stepping back in time with many faithfully restored sandstone buildings from the early settlement days onwards. Hobart is also home to the exceptional and famous Museum of Old and New Art (MONA).

Area: 68,401 km²

Population: 541,071 (Sept 2020)

Property Outlook

Over the course of 2021 Hobart has seen activity levels and house price increases to the order of those found in Sydney, being close to 20%. There are less options in regional TAS where prices have risen by a moderate 4%. Prices are expected to level out across Tasmania over the course of the rest of 2021 and into 2022.

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