Weighing up rental vacancies and unemployment rates
Ideally property investors will purchase in a suburb where vacancy rates are high and unemployment figures are low, but the two factors have to be weighed up if either is less than ideal.
"With Australia’s cheapest housing, solid investment returns, and increasingly optimistic outlook, I remain positive on the direction Tasmanian real estate is heading," says REIT President Tony Collidge.
Pleasingly, since the Christmas and New Year period there has been more balance and stability in the market with the median house price evening out and sales activity increasing 15 per cent on the December 2015 quarter.
