New research by property analysts at Propertyology has revealed why the market upswing in Hobart looks set to continue.
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Propertyology's credentials were confirmed when the company began investing in the Tasmanian capital in early 2014 - a time when all others were focussing in on Sydney and Melbourne.
Propertyology Head of Research, Simon Pressley, said buying in Hobart ahead of the cycle meant smart investors had seen property assets increase in value by 50 per cent or more, as well as rents grow by 25 per cent in five years.
"There is no question that Hobart has been Australia's best-performed property market over the past five years, and I think there's a good chance of it gathering a second wind," Mr Pressley said.
"None of us could complain if it ended now, however Propertyology's assessment of current conditions makes us believe that Hobart real estate prices still have petrol in the tank."
Mr Pressley detailed the fundamentals of positive news that will continue to push Hobart property prices high in the near future.
Mr Pressley said in-depth research had identified Hobart as a solid investment property way back in late 2013, however, it was one fundamental in particular that showed a market upswing was potentially afoot.
"In a nutshell, the initial cause of Hobart's property boom was the remarkable improvement in the State's economy.
The extra jobs led to an increase in local buyer confidence and improved buyer financial capacity," Mr Pressley said.