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From 2002-03 to 2003-04, the number of property sales in the Greater Hobart-Southern Region decreased by 12.5%, from 12,514 sales to 10,950 sales. Over the same period, the mean sales price increased by 42.1%, from $133,740 to $190,052.
From 2002-03 to 2003-04, the number of residential property sales in the Greater Hobart-Southern Region decreased by 18.3%, from 9,406 sales to 7,688 sales. Over the same period, the mean sales price increased by 44.8%, from $144,632 to $209,382. All local government areas except Central Highlands 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:
- Clarence - recorded a 23.8% decrease in the number of sales of residential property
- Hobart - recorded a 14.6% decrease in the number of sales of residential property
- Central Highlands - recorded a 15.8% increase in the number of residential property sales, the only local government area to record an increase.
PROPERTY SALES, Number and mean value - Greater Hobart-Southern 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 |
| Brighton | 560 | 93,485 | .. | 184 | 50,734 | 744 | 62,749 |
| Central Highlands | 133 | 55,840 | .. | 92 | 85,348 | 225 | 67,906 |
| Clarence | 1,734 | 152,361 | .. | 401 | 105,256 | 2,135 | 143,514 |
| Derwent Valley | 399 | 86,189 | .. | 119 | 81,029 | 518 | 85,003 |
| Glamorgan/Spring Bay | 311 | 132,106 | .. | 310 | 73,209 | 621 | 102,705 |
| Glenorchy | 1,802 | 106,181 | .. | 227 | 129,574 | 2,029 | 108,798 |
| Hobart | 1,696 | 239,561 | .. | 332 | 284,780 | 2,028 | 246,964 |
| Huon Valley | 640 | 111,836 | .. | 353 | 66,066 | 993 | 95,565 |
| Kingborough | 1,095 | 169,020 | .. | 437 | 85,958 | 1,532 | 145,327 |
| Sorell | 686 | 101,282 | .. | 390 | 48,847 | 1,076 | 82,277 |
| Southern Midlands | 189 | 115,218 | .. | 85 | 129,284 | 274 | 119,582 |
| Tasman | 161 | 95,771 | .. | 178 | 37,769 | 339 | 65,315 |
| Total
| 9,406 | 144,632 | .. | 3,108 | 100,778 | 12,514 | 133,740 |
| Tasmania | 19,842 | 124,179 | .. | 6,051 | 103,030 | 25,893 | 119,237 |
|
2003-04 |
| Brighton | 477 | 145,973 | -14.8 | 303 | 100,100 | 780 | 128,153 |
| Central Highlands | 154 | 63,161 | 15.8 | 169 | 77,867 | 323 | 70,855 |
| Clarence | 1,321 | 219,988 | -23.8 | 330 | 147,081 | 1,651 | 205,415 |
| Derwent Valley | 378 | 122,593 | -5.3 | 153 | 70,529 | 531 | 107,592 |
| Glamorgan/Spring Bay | 211 | 226,195 | -32.2 | 186 | 137,474 | 397 | 184,628 |
| Glenorchy | 1,537 | 162,617 | -14.7 | 318 | 154,757 | 1,855 | 161,270 |
| Hobart | 1,449 | 329,515 | -14.6 | 247 | 545,424 | 1,696 | 360,959 |
| Huon Valley | 506 | 169,133 | -20.9 | 422 | 82,350 | 928 | 129,669 |
| Kingborough | 830 | 258,260 | -24.2 | 353 | 195,356 | 1,183 | 239,325 |
| Sorell | 524 | 157,497 | -23.6 | 434 | 53,622 | 958 | 110,439 |
| Southern Midlands | 161 | 133,185 | -14.8 | 157 | 84,659 | 318 | 109,227 |
| Tasman | 140 | 127,459 | -13.0 | 190 | 81,452 | 330 | 100,970 |
| Total
| 7,688 | 209,382 | -18.3 | 3,262 | 143,433 | 10,950 | 190,052 |
| 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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