October Market Update

And just like that another month is over! How are we already so close to Christmas, with just eight weeks separating us and the festive season!?

October has been yet another busy month for us here at Buyers Agents Tasmania. We have been busy buying properties for first homeowners and investors, both locally and interstate. Here’s our full recap of the October market update for the Tasmanian property market.

October update

This month we purchased a total of seven properties across the state. One of these purchases was off-market, one was for a local first home buyer and one was for a local family looking to secure their first investment property.

Another one of our purchases was a vacant block of land in Riverside, a popular suburb in Launceston overlooking the Tamar River. The remainder of our buyers this month were interstate investors, who are eagerly buying up property investments throughout Tasmania.

On average, it is taking four weeks for our clients to find and purchase the right home. The market is however moving very quickly, with most homes under contract within a week of hitting the market and an average of 10 contracts being presented to the vendor.

That’s it for this month. I look forward to sharing another update with you at the tail end of November!

Samantha