Tasmanian property investor drop 'a worry' for the rental market, REIT says
- Aug 10, 2022
- 1 min read
There are growing concerns a drop in investors buying into Tasmanian real estate could further shrink the availability of rental properties in the state.
The number of investors purchasing a Tasmanian property in the June quarter fell by 20 per cent compared to the previous quarter.
Out of 1,781 properties sold, just 16 per cent were purchased by investors, with even fewer Hobart properties (12 per cent) purchased as investments.
"That's a worry," the president of the Real Institute of Tasmania, Michael Walsh, said.
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