Top 4 Tasmania investment suburbs for 2015
Clarendon Vale
Selected by Louis Christopher
Parts of the Tasmanian market could be on their way to recovery, and Louis Christopher points to this northern Hobart suburb’s cheap entry point and strong rental yield as drawcards. He warns that the Hobart economy still has long-term issues, but says investors who do their due diligence (and stick to houses) could do well in this suburb.
Gagebrook/ Bridgewater
Selected by Todd Hunter
Todd Hunter describes these as his cheapie suburbs of choice. “Although there are more social issues and unemployment, the yields on o er make these two suburbs very attractive,” he says, adding that if you can nab a property for under $140,000, you can secure a solid rental yield. He does warn, “When the Hobart market goes quiet, it shuts off completely, so market timing is crucial for purchasing, as well as selling.”
Hobart Central
Selected by Louis Christopher
Rents in the centre of the Tasmanian capital are on the rise, according to Louis Christopher, who says investors would be advised to target units in Hobart’s inner city. Although there are signs of increased economic activity and development, he says the biggest risk facing this market (like most Tasmanian suburbs) is the state’s long-term economic prospects.
When the Hobart market goes quiet, it shuts off completely, so market timing is crucial
Mornington
Selected by Michael Fuller
Another suburb north of the Tasman Bridge, high yields are a strong possibility for investors here, and Mornington is an a ffordable option compared to neighbouring suburbs. Houses represent better value than units, says Michael Fuller, given they boast the ninth-highest yields compared to other suburbs listed in this year’s report.
Find out what other suburbs from across the country are set to offer investors the biggest rewards:
Top Victoria investment suburbs
Top Queensland investment suburbs