With the first quarter of 2017 now done and dusted the Northern Suburbs marketplace shows no signs of slowing down with on average 2.8 properties selling each day over the past three months.
We here at 4one4 Real Estate have found that a large percentage of our buyers have been mainland investors that have taken the opportunity to move in on Tasmania’s strong rental market. This strong demand along with affordable property prices has allowed many investors to achieve strong rental yields north of 6.5% and as high as 8.5% in some areas which is an outstanding return on investment currently available across the Northern Suburbs.
In 7009 the average days on market have dropped to only 18 days with 7030 being the longest period at an average of 44 days showcasing that right across the market is strong and you need to act quickly to secure your next property.
There seems to be no foreseeable slowdown in property prices and demand as more properties come onto the marketplace, so if you have been thinking of selling then now could be the ideal time to take advantage of a very buoyant marketplace. For more information check out the attached Edition 12 of our Northern Suburbs Quarterly Report or feel free to call our award winning agency or call into our newly renovated concept office at 414 Main Road Glenorchy.