It’s interesting that Australia’s population grew by 863 people per day during the quarter ending June 2016 according to ‘Propertyology’. The good news is that Tasmania’s improved economic conditions have sustained the population rebound. We are told our beautiful state has produced positive growth in four of the last five quarters.
So for all you investors out there you can feel happy about your investments in Tasmania. Launceston has a really low vacancy rate at the moment, in fact the vacancy rate at Living Here Launceston is currently less than 1%.
With the continuing market momentum enjoyed by the mainland cities, Launceston investment property, whilst still very affordable, can only expect positive outcomes drive by this momentum.