Last year Hobart experienced the nation’s biggest surge in house prices | 7.30

Last year Hobart experienced the nation’s biggest surge in house prices, outstripping increases in both Sydney and Melbourne.

An influx of buyers from interstate is driving prices up, making properties harder for locals to afford.

Read more here: https://www.abc.net.au/news/2020-02-26/hobarts-gone-hipster-but-property-prices-are-locking-locals-out/12003522

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In This Story: Hobart

Hobart, capital of Australia’s island state of Tasmania, sits on the River Derwent. At its fashionable Salamanca Place, old sandstone warehouses host galleries and cafes. Nearby is Battery Point, a historic district with narrow lanes and colonial-era cottages. The city’s backdrop is 1,270m-high Mount Wellington, with sweeping views, plus hiking and cycling trails.

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In This Story: Sydney

Sydney, capital of New South Wales and one of Australia‘s largest cities, is best known for its harbourfront Sydney Opera House, with a distinctive sail-like design.

  • Population: 5.23 million (2018)

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