Property Institute of Tasmania president Russell Yaxley. Photo: Provided REIT president Russell Yaxley stated 2025 was steady through three-quarters of the year, with a”fast finish”. “I wouldn’t call it a boom, however the last quarter was definitely strong,” he said.
The report showed first homebuyer numbers (1853) were down by 5.2 percent or 101 deals compared to 2024.
Mr Yaxley said these FHB figures were a surprise.
“Based on the opportunities like grants and duty exemptions to assist people into the marketplace, I anticipated to see more powerful results,” he said.
“Maybe they are being beaten to the stock by investors– we can’t state for sure.”
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Meanwhile, foreign buyers remained a tiny part of the Tasmanian market, accounting for less than half of 1 per cent of all sales (46 purchases) at a typical cost of $800,000.
Investment activity increased by 46 per cent to 1886 sales over the previous 12 months.
It was up by 84 per cent compared to 2023 outcomes.
Elders Realty has No. 3 Staff Rd, Electrona on the marketplace for $865,000-plus. Photo: Provided
Mr Yaxley said it’s pleasing to see that confidence has actually gone back to the marketplace.
“Demand is increasing; the number of properties for sale and rent is shrinking; properties are taking less time to offer or lease; and multiple-offer scenarios are arising more often,” he said.
“Provided the strength of our purchaser and rental demand and lessening stock levels, we anticipate the upward pressure on costs and rents to continue.”