CoreLogic report shows impact of increased demand for Tasmanian property: REIT

Tasmania’s housing challenge is not something that can be fixed overnight, and booming property values should not come as a surprise.

That’s according to Real Estate Institute of Tasmania president Tony Collidge, who said the results of the recently released CoreLogic report confirmed his long-held suspicions of the property market.

Mr Collidge said Tasmania’s market was made up of 70 per cent owner-occupiers and 30 per cent investors, which was in stark contrast to the mainland Sydney and Melbourne markets.

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Source: The Examiner