Tasmania has just done well in a National report for affordable housing. Suburbs such as Clarendonvale and Glenorchy offer good choices if you are after affordable housing. See below for the full details and contact us to explore your personal options for moving to Tasmania or relocating to Tasmania.
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Clarendon Vale on top
HOBART’S Eastern Shore suburb Clarendon Vale is one of the top 10 performers in the national property market – and the McKay family couldn’t be happier.
New national data has revealed that the suburb – one of Tasmania’s broad-acre public housing areas – has the most affordable median house price at $155,000.
Denise McKay and her husband Jason bought their home in Launde Ave, Clarendon Vale, for $40,000 from Housing Tasmania about 10 years ago.
The couple, who have a seven-year-old son Lachlan, have paid off their house.
“We wanted to get out of the rental market when we bought this,” Mrs McKay said.
“They gave us paint and put the carpets in.”
They looked at various homes to buy at Clarendon Vale because it was affordable, before settling on their three-bedroom house.
“I like the support round here — I like the friends I have made,” Mrs McKay said.
Two other Hobart suburbs also topped the nation for most affordable properties.
Glenorchy had the most affordable median sale prices ($217,000) for units within 10km of a capital city.
And Risdon Vale had the highest rental yields (8 per cent).
TheRP Data-Rismark Home Value Index results to October shows that values fell by 4 per cent across the combined capital cities while rest of state house values dropped by 3.5 per cent.
As a comparison over the first 10 months of 2010 capital city home values had increased by 4.9 per cent and regional house values had increased by 2.1 per cent.
Analyst Cameron Kusher said the poor market results for 2011 reflected housing credit growth was extremely limited, coupled with low consumer confidence and affordability barriers.
In Tasmania the greatest 12 month change in median sale prices for houses was Margate (median price $436,000) up 17.8 per cent followed by South Hobart ($437,000) up 7.1 per cent, then Snug ($347,500) and Mount Nelson ($502,250) both up 6.9 per cent.
And for units it was Hobart ($497,500) up 22.8 per cent, Claremont ($242,500) up 21.3 per cent, and Howrah ($313,750) up 6.4 per cent.