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.


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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