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Investors should focus their house hunting on areas outside of Hobart or in Launceston, a property expert says.

Property Investment Professionals of Australia chairman Peter Koulizos believes there are still strong housing investments in Tasmania.

However, a new national PIPA survey of property investment professionals has found that only 4 per cent of respondents considered Hobart to have the country’s best prospects.

Mr Koulizos said Hobart was still intriguing.

“In recent times we saw huge growth in Hobart property prices, but those increases are not as good this year compared to last year,” he said.

PIPA’s annual Property Investment Sentiment Survey found that three in four respondents believe now is a good time to invest.

Half said they were looking to purchase price in the next six to 12 months.


Mercury (Hobart) 4 October 2018, Page 7