But down south it’s a different story, with prices in Tasmania growing 7.17 per cent in the same period, according to the latest CoreLogic RP Data.Propertyology managing director Simon Pressley says Tasmania’s growing reputation as a clean, green tourism hotspot with good food and wine made it attractive to a wide range of people from other states looking for a change.
“There has been a significant number of 25-29 year olds moving out of cities. They are particularly leaving Sydney — there has been a real shift,” University of Tasmania demographer Dr Lisa Denny says. Dr Denny also has anecdotal evidence that hotter and more unpredictable weather is prompting people to move to Tasmania, a reversal of the traditional Australian trend of migrating north to tropical Queensland.“At first glance, Charlie’s numbers appear to show a statistical relationship, and it’s worthy of further research,” Dr Denny says.
“The heat was definitely a factor in moving to Tassie — there were weeks of being over 37 degrees in Adelaide, and it was horrible. Some days the grapes would come in like raisins,” he says. “With increasing dry periods, you really needed more land to farm for the same yields. The rainfall was getting lower and more sporadic,” Ms Coleman says.
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Great news. Now more people can afford to have a roof over their heads. A step in the right direction.
What a great opportunity for people to buy their first home.