Are you searching for a one-bedroom apartment close to the city or planning to a big house with a garden in one of the best Tasmanian suburbs? Either way, it pays to know the upfront costs of buying a house apart from the home loan deposit. These costs may include government taxes and other associated […]
Hobart Real Estate: Discovering the Allure of Buying a House in This Thriving City
By Deltos Finance on October 12, 2023
Hobart, Tasmania’s picturesque capital, is a city that effortlessly blends natural beauty and cultural richness with a thriving real estate market. No wonder it has attracted a lot of new residents in recent years. In fact, between 2016 and 2021, around 30% of those who moved within Australia picked Hobart as the perfect spot for their new homes. So, we understand if you are also contemplating purchasing a home in Hobart. We’ll provide the support you need to own a piece of Hobart real estate, sign the dotted line and finally make this lively capital your new home.
Is Hobart a Good Place to Live?
Nestled amidst Tasmania’s stunning landscapes, Hobart has garnered a reputation as one of Australia’s hidden gems. But is Hobart truly a good place to call home? Let’s explore what makes this city an enticing destination, especially for those seeking a high quality of life.
Scenic Beauty
Hobart is renowned for its stunning natural surroundings. With the majestic Mount Wellington as a backdrop and the picturesque Derwent River flowing through the city, it offers breathtaking views to residents and tourists alike. Plus, it’s home to beautiful beaches! Sandy Bay, Kingston Beach and Clifton Beach are just a few of the pristine coastal areas where you can relax, swim or stroll along the shore.
Lifestyle and Culture
Despite being a small city, Hobart has a vibrant cultural scene. The renowned Museum of Old and New Art (MONA) showcases cutting-edge art installations, while the Salamanca Arts Centre hosts numerous cultural events. Hobart’s culinary landscape is equally impressive, with a burgeoning food scene that features fresh seafood and gourmet dining. The city’s strong sense of community is also evident in its festivals.
Relaxed Pace of Life
Hobart’s relaxed pace of life is one of its defining characteristics, setting it apart from the hustle and bustle of larger Australian cities like Sydney or Melbourne. Whether it’s enjoying a leisurely morning coffee by the waterfront, taking a scenic hike in the nearby wilderness or simply strolling through the historic streets, Hobart encourages you to pause, breathe and appreciate the beauty of the present moment.
Educational & Employment Opportunities
Hobart is home to several reputable educational institutions, including the University of Tasmania. So, families looking to buy a house in Hobart can benefit from excellent educational options. Looking for a new job in this city? While the job market may not be as robust as in larger cities, Hobart offers employment opportunities in various sectors, including government, healthcare, education and tourism. Besides, the remote working opportunities these days means you can have a very successful career from the comfort of your own home!
Strong Community Bonds
Looking for a new place where you can settle down and meet new sets of friends? You will be pleased that Hobart has a strong sense of community, with many local events and community gatherings throughout the year. It’s a place where people often know their neighbours and feel a sense of belonging.
Buying a House in Hobart: What the Local Market Offers
Are you interested in buying a property in Hobart? Navigating the local real estate market is inarguably a crucial step when buying a house in Hobart. Here are some valuable insights to guide your home buying journey.
Affordable Housing
Hobart’s real estate market is relatively more affordable compared to cities like Sydney and Melbourne. This affordability has attracted both first homebuyers and property investors. So, whether you’re looking for your first or second home for your growing family or a rental property to boost your investment income, Hobart might be suitable for you.
Diverse Neighbourhoods
Hobart boasts a variety of neighbourhoods, each with its unique character. Whether you prefer historic Battery Point, the vibrant North Hobart or the family-friendly suburbs, there’s a neighbourhood to suit your lifestyle. Just be sure to perform thorough research to find the area that best meets your needs and lifestyle.
Thriving Tourism Industry
The tourism industry is a significant driver of the local economy. It creates jobs and contributes to the city’s vibrant atmosphere. A thriving tourism industry means accommodation is vital. Owning property in Hobart could provide rental income through the short-term rental market.
Future Growth Potential
Hobart’s real estate market has shown growth potential in recent years. While property prices have generally increased, they remain more affordable than in many other Australian cities.
Engage the Best Mortgage Brokers in Hobart Today
Now that you’ve discovered the allure of buying a house in Hobart and gained insights into the local real estate market, it’s time to take the next step towards your homeownership journey. Engaging with the best mortgage brokers in Hobart can make all the difference in securing your dream home.
Contact the expert team at Deltos Finance, Hobart’s premier mortgage broking company. We’re ready to assist you in turning your property aspirations into reality.
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