Why Hobart is a terrible place to invest

Recent reports show that Hobart has had the highest price growth of any capital city in Australia. Sounds like a good investment location right?

Wrong!

The drivers behind this growth are affordability and migration, demonstrating that the price growth is being driven by mainlanders who are looking for a more affordable lifestyle than the other capital cities offer, also helped by technology or ‘e-change’. For investors, the drivers to consider are infrastructure projects, employment, economics, and supply and demand. These drivers attract renters who will ultimately pay for you investment property.

Call Calla Property to speak to an investment property expert on the areas for growth and rapid returns - 02 9016 2852