{"id":7808,"date":"2016-05-03T01:00:41","date_gmt":"2016-05-02T15:00:41","guid":{"rendered":"http:\/\/realestatetalk.com.au\/?p=7808"},"modified":"2016-05-03T01:00:41","modified_gmt":"2016-05-02T15:00:41","slug":"why-buyers-love-tassie","status":"publish","type":"post","link":"https:\/\/channels.realty.com.au\/realtytalk\/why-buyers-love-tassie\/","title":{"rendered":"Why buyers love Tassie"},"content":{"rendered":"

 
\nWe visit beautiful pristine Tasmania with its unofficial Ambassador John Lindeman<\/strong>.\u00a0 John passionately believes in the apple isle and it appears from the figures he shares with us that he is not the only one.
\nTranscript:<\/strong>
\nKevin:<\/b>\u00a0 I\u2019m pretty excited about talking to John Lindeman because John is going to give us a bit of an overview on the Tasmanian market. The reason I\u2019m excited \u2013 apart from John\u2019s a lovely guy and I like talking to him \u2013 is the Tasmanian market looks like it might be turning. There might be some good signs on the horizon.
\nG\u2019day, John.
\nJohn:<\/b>\u00a0 Hi there, Kevin, and hello, everyone.
\nKevin:\u00a0 <\/b>Nice to be talking again, John. Now, I know you spend a bit of time in Tasmania and you know that market quite well. Tell me what\u2019s happening.
\nJohn:<\/b>\u00a0 Well, you wouldn\u2019t think much was because Tassie <\/b>contains only 2% of our entire population and only contributes 1% of the gross domestic product, so it\u2019s not really significant in terms of that. But what I did realize when I looked at the history of the housing market is quite an interesting phenomenon that has occurred in the past, and that is that the last time we had a big boom in Sydney and Melbourne in 2000 to 2003, when it stopped, suddenly in one year, Hobart\u2019s house prices shot up by 50% in just the one year. That was in 2004-2005. This is using official ABS data.
\nWhen I looked at the cause of that, it was mainly investors from the mainland looking at opportunities to invest in Tasmania. At that time, Hobart\u2019s house prices were about a third of that of Sydney\u2019s and that\u2019s exactly what it is right now. I think that all the conditions are right for if the growth slows down in Sydney and Melbourne, it might kick off in Hobart especially.
\nKevin:<\/b>\u00a0 Yes, it\u2019s well poised. It\u2019s nice and close to the mainland, nice and close to both Sydney and Melbourne, as well. Here are some people who are almost putting them in parallel with Brisbane \u2013 Hobart and Brisbane \u2013 as the two big improvers this year, John.
\nJohn:<\/b>\u00a0 That\u2019s right. In particular, Hobart. I wouldn\u2019t say that so much for the rest of the state because they have a lot of economic issues there, but certainly Hobart. It\u2019s a very cosmopolitan city. It\u2019s only a fraction the size of the mainland cities, but it has everything and it\u2019s a market that has a lot of potential.
\nKevin:<\/b>\u00a0 Okay. Let\u2019s continue to talk about Hobart, then, because that seems to be the area that has the most promise. What are the good areas, and what are the areas maybe to avoid in Hobart?
\nJohn:<\/b>\u00a0 Hobart has a large percentage of ex-housing commission stock, and these tend to provide very high rental yields. It\u2019s very low price. You can buy in the outer suburbs, Bridgewater and Rokeby and those sorts of places. You can get properties under $200,000 that are producing great returns of around $250 a week.
\nKevin:<\/b>\u00a0 Wow.
\nJohn:<\/b>\u00a0 So if you\u2019re after cash flow, these are really good areas, but then if you go to the higher priced areas, that\u2019s where I think the growth is likely to kick in. The more well-established inner urban areas, there\u2019s a lot of growth potential there.
\nKevin:<\/b>\u00a0 Give me an idea on price range when you\u2019re talking about the upper price range in Hobart. What is it, John?
\nJohn:<\/b>\u00a0 Well it\u2019s a lot less than what it is in the mainland cities.
\nKevin:<\/b>\u00a0 Yes.
\nJohn:<\/b>\u00a0 The median in Hobart\u2019s about $370,000. When you compare that to $1 million in Sydney, you can see the difference. If you buy a property for $1 million in Hobart, you\u2019re buying a property that\u2019s on the waterfront, excellent views, close to the CBD, and Sandy Point, those sorts of places, which is about as high as you can get in the Hobart market.
\nKevin:<\/b>\u00a0 I was in Hobart I November last year, actually. It\u2019s a beautiful spot to drive around. And it\u2019s not hard to get around, either, John, is it? I found that very, very easy.
\nJohn:<\/b>\u00a0 Yes. Well, the population of Hobart is only 200,000 people, which is double the size of Darwin, so it\u2019s not a big city, but because it\u2019s a state capital, it has all the infrastructure \u2013 the government administration, all the shopping, everything is there, so it has everything you need.
\nKevin:<\/b>\u00a0 Just talking about infrastructure, are there any major projects on the horizon that are probably going to auger well for the future of Hobart?
\nJohn:<\/b>\u00a0 Not really. I wouldn\u2019t say there\u2019s a lot of infrastructure development going on in Tassie at all. It doesn\u2019t need a lot. When they build roads and bridges, they don\u2019t need to do a lot of work, and there\u2019s really no need for anything \u2013 no major projects that I\u2019m aware of going on or planned.
\nKevin:<\/b>\u00a0 John, great talking to you. John Lindeman is from Property Power Partners giving us that overview on Tasmania.
\nJohn, thank you for your time.
\nJohn:<\/b>\u00a0 That\u2019s a pleasure. As I said, it\u2019s a friendly place, a lot of it\u2019s clean, green, and pristine, and I think there\u2019s a good chance that we could find a big leap in prices in the way that we saw ten years ago.
\nKevin:<\/b>\u00a0 Good people visit there, too, John, don\u2019t they? Like you.
\nJohn:<\/b>\u00a0 I wish there were more of them coming, but of course, tourism is the future of Tassie. It has a lot of potential for investors right now.
\nKevin:<\/b>\u00a0 Good, John. Thank you very much for your time.
\nJohn:<\/b>\u00a0 That\u2019s a pleasure. Thanks, Kevin. Bye, everyone.<\/p>\n","protected":false},"excerpt":{"rendered":"

  We visit beautiful pristine Tasmania with its unofficial Ambassador John Lindeman.\u00a0 John passionately believes in the apple isle and it appears from the figures he shares with us that he is not the only one. Transcript: Kevin:\u00a0 I\u2019m pretty excited about talking to John…<\/p>\n","protected":false},"author":176692471,"featured_media":7809,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[32,10,11,13,22,27],"tags":[101],"class_list":["post-7808","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buying-a-property-topic","category-kevin-turner-sponsored-channels","category-kevin-update","category-latest-story","category-research-topic","category-trends-topic","tag-podcast"],"yoast_head":"\nWhy buyers love Tassie - Realty Talk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/channels.realty.com.au\/realtytalk\/why-buyers-love-tassie\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why buyers love Tassie - Realty Talk\" \/>\n<meta property=\"og:description\" content=\"  We visit beautiful pristine Tasmania with its unofficial Ambassador John Lindeman.\u00a0 John passionately believes in the apple isle and it appears from the figures he shares with us that he is not the only one. Transcript: Kevin:\u00a0 I\u2019m pretty excited about talking to John...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/channels.realty.com.au\/realtytalk\/why-buyers-love-tassie\/\" \/>\n<meta property=\"og:site_name\" content=\"Realty Talk\" \/>\n<meta property=\"article:published_time\" content=\"2016-05-02T15:00:41+00:00\" \/>\n<meta name=\"author\" content=\"rolanrush\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rolanrush\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/why-buyers-love-tassie\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/why-buyers-love-tassie\\\/\"},\"author\":{\"name\":\"rolanrush\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#\\\/schema\\\/person\\\/384a57ac9e52cb9bf19896cb15eaa52d\"},\"headline\":\"Why buyers love Tassie\",\"datePublished\":\"2016-05-02T15:00:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/why-buyers-love-tassie\\\/\"},\"wordCount\":987,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/why-buyers-love-tassie\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"keywords\":[\"podcast\"],\"articleSection\":[\"Buying a property\",\"Kevin Turner\",\"Kevin's Update\",\"Latest Stories\",\"Research\",\"Trends\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/why-buyers-love-tassie\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/why-buyers-love-tassie\\\/\",\"url\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/why-buyers-love-tassie\\\/\",\"name\":\"Why buyers love Tassie - Realty Talk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/why-buyers-love-tassie\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/why-buyers-love-tassie\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2016-05-02T15:00:41+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#\\\/schema\\\/person\\\/384a57ac9e52cb9bf19896cb15eaa52d\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/why-buyers-love-tassie\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/why-buyers-love-tassie\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/why-buyers-love-tassie\\\/#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/why-buyers-love-tassie\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Why buyers love Tassie\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#website\",\"url\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/\",\"name\":\"Realty Talk\",\"description\":\"Your Trusted Voice For Property Investing. Anywhere, Anytime.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#\\\/schema\\\/person\\\/384a57ac9e52cb9bf19896cb15eaa52d\",\"name\":\"rolanrush\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g\",\"caption\":\"rolanrush\"},\"url\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/author\\\/rolanrush\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Why buyers love Tassie - Realty Talk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/channels.realty.com.au\/realtytalk\/why-buyers-love-tassie\/","og_locale":"en_US","og_type":"article","og_title":"Why buyers love Tassie - Realty Talk","og_description":"  We visit beautiful pristine Tasmania with its unofficial Ambassador John Lindeman.\u00a0 John passionately believes in the apple isle and it appears from the figures he shares with us that he is not the only one. Transcript: Kevin:\u00a0 I\u2019m pretty excited about talking to John...","og_url":"https:\/\/channels.realty.com.au\/realtytalk\/why-buyers-love-tassie\/","og_site_name":"Realty Talk","article_published_time":"2016-05-02T15:00:41+00:00","author":"rolanrush","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rolanrush","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/channels.realty.com.au\/realtytalk\/why-buyers-love-tassie\/#article","isPartOf":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/why-buyers-love-tassie\/"},"author":{"name":"rolanrush","@id":"https:\/\/channels.realty.com.au\/realtytalk\/#\/schema\/person\/384a57ac9e52cb9bf19896cb15eaa52d"},"headline":"Why buyers love Tassie","datePublished":"2016-05-02T15:00:41+00:00","mainEntityOfPage":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/why-buyers-love-tassie\/"},"wordCount":987,"commentCount":0,"image":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/why-buyers-love-tassie\/#primaryimage"},"thumbnailUrl":"","keywords":["podcast"],"articleSection":["Buying a property","Kevin Turner","Kevin's Update","Latest Stories","Research","Trends"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/channels.realty.com.au\/realtytalk\/why-buyers-love-tassie\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/channels.realty.com.au\/realtytalk\/why-buyers-love-tassie\/","url":"https:\/\/channels.realty.com.au\/realtytalk\/why-buyers-love-tassie\/","name":"Why buyers love Tassie - Realty Talk","isPartOf":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/#website"},"primaryImageOfPage":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/why-buyers-love-tassie\/#primaryimage"},"image":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/why-buyers-love-tassie\/#primaryimage"},"thumbnailUrl":"","datePublished":"2016-05-02T15:00:41+00:00","author":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/#\/schema\/person\/384a57ac9e52cb9bf19896cb15eaa52d"},"breadcrumb":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/why-buyers-love-tassie\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/channels.realty.com.au\/realtytalk\/why-buyers-love-tassie\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/channels.realty.com.au\/realtytalk\/why-buyers-love-tassie\/#primaryimage","url":"","contentUrl":""},{"@type":"BreadcrumbList","@id":"https:\/\/channels.realty.com.au\/realtytalk\/why-buyers-love-tassie\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/channels.realty.com.au\/realtytalk\/"},{"@type":"ListItem","position":2,"name":"Why buyers love Tassie"}]},{"@type":"WebSite","@id":"https:\/\/channels.realty.com.au\/realtytalk\/#website","url":"https:\/\/channels.realty.com.au\/realtytalk\/","name":"Realty Talk","description":"Your Trusted Voice For Property Investing. Anywhere, Anytime.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/channels.realty.com.au\/realtytalk\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/channels.realty.com.au\/realtytalk\/#\/schema\/person\/384a57ac9e52cb9bf19896cb15eaa52d","name":"rolanrush","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g","caption":"rolanrush"},"url":"https:\/\/channels.realty.com.au\/realtytalk\/author\/rolanrush\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/posts\/7808","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/users\/176692471"}],"replies":[{"embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/comments?post=7808"}],"version-history":[{"count":0,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/posts\/7808\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/media?parent=7808"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/categories?post=7808"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/tags?post=7808"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}