Real Estate Institute of Tasmania releases its September quarterly report

House sales in Tasmania skyrocket

House sales in the North-West increased by 30 per cent over the September quarter - the biggest increase of the state's regions.

The Real Estate Institute of Tasmania released its most recent quarterly report on Wednesday which showed there was a 32 per cent increase on house sales compared to the June quarter.

House sales went up by 25 per cent in Hobart and 19.5 per cent in Launceston.

IN OTHER NEWS:

There were 2959 property sales overall worth $1.1 billion over the three-month period.

Unit and townhouse sales were up 39.1 per cent land sales increased by 70.1 per cent.

There were 518 property sales to first-home buyers over the quarter - an increase on the previous quarter of 48.4 per cent.

Of these buyers, 301 acquired homes and 148 bought land.

The median house price in Tasmania was $411,000.

The median price in Launceston increased to $383,500 and to $330,000 in the North-West.

Median rents also went up.

A three-bedroom home in Hobart on average cost $450 per week, $360 a week in Launceston, and $310 a week in the North-West.

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