Forums / Property Investing / Help Needed! / Any advice on investing in Hobart in 2017???

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  • Profile photo of JanHJanH
    Participant
    @jhmz
    Join Date: 2017
    Post Count: 7

    I have talked to an agent in Hobart over the phone and was told that the property market has been booming there in the last 3 months….. I am living in Melbourne and am tempted to get a rental property in Hobart. However, I am fair new in doing property investment (first one). Much appreciated if anyone will share his/her opinion on this market.

    Profile photo of Corey BattCorey Batt
    Participant
    @cjaysa
    Join Date: 2012
    Post Count: 1,010

    The market has been moving up there, yields are still a lot higher than the mainland but thats not surprising considering it’s a small regional area. Historically Tasmania generally jumps up considerably in short busts than stagnates for years, so be careful to not assume the growth will continue trending in any linear fashion.

    YIP wrote about Tas here recently: http://www.yourinvestmentpropertymag.com.au/market-report/tas/tas-excerpt-from-the-2017-february-market-report-229464.aspx

    Corey Batt | Precision Funding
    http://www.precisionfunding.com.au
    Email Me | Phone Me

    Investment Focused Finance Strategist - servicing Australia-wide

    Profile photo of JanHJanH
    Participant
    @jhmz
    Join Date: 2017
    Post Count: 7

    Thanks Corey. I don’t think the properties in Hobart will perform as well as Melbourne and Sydeny. However, just to generate rental income, it probably should be OK?

    Profile photo of Corey BattCorey Batt
    Participant
    @cjaysa
    Join Date: 2012
    Post Count: 1,010

    It all comes down to your goals and what you want the investment properties to achieve. If you’re looking for investments which will provide you with a higher yield – then Hobart is definitely a place to consider.

    Corey Batt | Precision Funding
    http://www.precisionfunding.com.au
    Email Me | Phone Me

    Investment Focused Finance Strategist - servicing Australia-wide

    Profile photo of HobartBuildingInspectorHobartBuildingInspector
    Participant
    @hobartbuildinginspector
    Join Date: 2017
    Post Count: 3

    As always, a pre purchase building inspection is recommended. We can offer this and for convenience, the process can be started via an online agreement form on our website: building inspection agreement

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