Finding Real Estate in Tasmania

The real estate Tasmania market has been noted and, in some views, most influenced in terms of its proximity to Australia, where residents often choose real estate Tasmania purchases as means of adopting lower-cost and lower-stress lifestyles. In this regard, for a period the real estate Tasmania market was mainly limited to that of buyers from mainland Australia looking for retirement sites or vacation homes, while more recently buyers from elsewhere have become more interested in real estate Tasmania purchases.

The 2009 year for real estate Tasmania purchases saw a significant increase in interest and activity, one up to the level of 42% more purchasers selecting lots from the island. Tasmania’s East Coast has been noted for a particularly high number of real estate developments, while western real estate Tasmania lots are known for being more available and as yet less exploited for development purposes. That being said, forecasts have currently tended to predict that real estate Tasmania transactions will adopt a more regular and less hurried time-frame. A significant market still exists, however, of current real estate Tasmania owners looking to divest themselves of their holdings.

Real estate Tasmania prices have been positively affected by an increasing interest in the area as a tourism and vacation destination. In 2009, for example, the popular Lonely Planet travel guide issued a free publication on the natural beauty and varied vacation sites in Tasmania, which it referred to as Adventure Island. Real estate Tasmania value was also positively affected by international news over a Tasmanian citizen marrying Denmark’s Crown Prince.