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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 |
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.. 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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