Property Unpacked podcast: What's behind Tasmania's property market strength?

House prices in Hobart have gone from strength to strength, rising to record levels in recent months despite the coronavirus pandemic.

After five years of price growth, our southernmost capital city continues to outstrip the others. It has also seen the steepest rent hikes off the back of an incredibly low vacancy rate. 

“It’s a matter of supply and demand. The supply of housing has been constrained in Tasmania for a long time because for a long time – there was virtually no population growth,” independent economist Saul Eslake told Property Unpacked this week.

“But over the last five years or so, there’s been a significant pickup in demand because there’s been a significant acceleration in Tasmania’s population growth.”

Also this week, national news editor Ellen Lutton unpacks the results from Domain’s 2020 School Zone Report, which reveals the school catchment areas seeing strong property price growth. 

To wrap up another season of The Block, associate editor of Domain Review Jemimah Clegg, then joins us to chat about all the auction-day action after a record-breaking result for the winning contestants Jimmy and Tam.