Tasmania

Benchmark April18

Landmark Harcourts Benchmark | 23 Tasmania Settled sales were 7.5% higher across the regional property markets of Tasmania, taking the annual number of sales to 8,346. The residential sector was responsible for the rise, with sales surging 11.4% higher over the year, offsetting a 1.9% fall in rural sales over the same period. The annual value of settled sales paints a stronger picture of the regional Tasmanian market, with the gross value of sales up 11.2% over the past twelve months. The rise in overall value of sales was attributable to an 18.1% surge in the value of residential sales over the year while the value of non-residential sales slipped 2.6% lower. The most substantial jump in activity has occurred across the Launceston and North East region where residential sales were 12.7% higher year on year. The South East region of the state saw sales activity rise 10.6% while the West and North West region recorded a 10.1% lift in transactional activity. The performance of the rural sector wasn’t as strong across the sub-regions, with the South East the only region to record a lift in the number of rural sales (+10.6%). Price Trends Gross value of sales – rolling 12 months Residential houses (Less than 4 Ha) 2000 1500 1000 500 NOV 07 NOV 08 NOV 09 NOV 10 NOV 11 Agriculture/Rural Less than 40 Ha 400 300 200 100 Agriculture/Rural 40 Ha to 100 Ha 360 270 180 90 Agriculture/Rural 100 Ha to 1,000 Ha 120 90 60 30 10.0 7.5 5.0 2.5 Left axis: Total value of sales $ (millions) Right axis: Number of sales 2017 2016 6,085 5,462 268,000 255,000  5.1%  0.4% 2017 2016 1,503 1,549 102,000 105,000 q–2.9%  2.9% 2017 2016 719 705 300,000 310,000 q–3.2%  8.3% 2017 2016 36 50 525,000 574,000 q–8.5%  43.5% 2017 2016 3 1 N/A N/A N/A N/A Agriculture/Rural 1,000 Ha+ NOV 12 NOV 13 NOV 14 NOV 15 NOV 16 8000 6000 4000 2000 NOV 17 0 0 NOV 07 NOV 08 NOV 09 NOV 10 NOV 11 NOV 12 NOV 13 NOV 14 NOV 15 NOV 16 3000 2250 1500 750 NOV 17 0 0 NOV 07 NOV 08 NOV 09 NOV 10 NOV 11 NOV 12 NOV 13 NOV 14 NOV 15 NOV 16 1200 900 600 300 NOV 17 0 0 NOV 07 NOV 08 NOV 09 NOV 10 NOV 11 NOV 12 NOV 13 NOV 14 NOV 15 NOV 16 100 75 50 25 NOV 17 0 0 NOV 07 NOV 08 NOV 09 NOV 10 NOV 11 NOV 12 NOV 13 NOV 14 NOV 15 NOV 16 4 3 2 1 NOV 17 0.0 0


Benchmark April18
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