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1362.6 - Regional Statistics, Tasmania, 2005  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 11/10/2005   
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From 2002-03 to 2003-04, the number of property sales in the Northern Region decreased by 12.4%, from 7,531 sales to 6,594 sales. Over the same period, the mean sales price increased by 45.9%, from $113,687 to $165,896.

From 2002-03 to 2003-04, the number of residential property sales in the Northern Region decreased by 16.8%, from 5,805 sales to 4,828 sales. Over the same period, the mean sales price increased by 41.7%, from $115,011 to $163,001. All local government areas except Dorset recorded a drop in the sales of residential property from 2002-03 to 2003-04.

Over the same period and for the following local government areas:

  • Launceston - recorded a 17.0% decrease in the sale of residential properties
  • Break O'Day - recorded a 28.6% decrease in the sale of residential properties
  • Dorset - recorded a 9.6% increase in the number of residential property sales, the only local government area to record an increase.


PROPERTY SALES, Number and mean value - Northern Region(a)(b)
Residential
Other
Total
Mean sales price
Change in no. of sales, 2002-03
to 2003-04
Mean sales price
Mean sales price

Local government area
no.
$
%
no.
$
no.
$

2002-03
Break O’Day
412
104,275
..
335
54,135
747
81,789
Dorset
239
96,845
..
98
89,137
337
94,604
Flinders
20
85,687
..
54
74,550
74
76,402
George Town
310
76,412
..
115
75,359
425
76,127
Launceston
2,730
118,697
..
441
193,449
3,171
129,093
Meander Valley
745
121,547
..
238
106,843
983
117,987
Northern Midlands
453
100,429
..
127
150,267
580
111,342
West Tamar
896
129,511
..
318
60,500
1,214
111,434
Total

5,805
115,011
..
1,726
109,235
7,531
113,687
Tasmania
19,842
124,179
..
6,051
103,030
25,893
119,237

2003-04
Break O’Day
294
146,365
-28.6
276
97,628
569
122,982
Dorset
262
122,522
9.6
136
152,069
398
132,619
Flinders
18
105,138
-10.0
68
108,099
86
107,479
George Town
298
118,356
-3.9
148
86,921
446
107,925
Launceston
2,265
164,253
-17.0
443
350,093
2,708
194,654
Meander Valley
623
180,539
-16.4
245
113,669
868
161,665
Northern Midlands
413
146,367
-8.8
197
135,526
610
142,644
West Tamar
655
198,042
-26.9
253
116,554
909
175,272
Total

4,828
163,001
-16.8
1,766
173,811
6,594
165,896
Tasmania
16,334
178,615
-17.7
6,620
146,877
22,954
169,462

.. not applicable
(a) May include sales from previous period and exclude sales from current period due to lags in processing.
(b) Excludes details of property splits due to subdivision and strata titling.
Source: Information and Land Services Division, Department of Primary Industries, Water and Environment.


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