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Tasmania offers 'great buying opportunities'

Plenty of positive property opportunities are arising in Tasmania, it has been claimed.

Tasmania has been highlighted as one market where anyone keen to invest in Australian property at present could receive excellent returns.

Michelle Williams of At Home Property Management told Australian Property Investor that rents across the region have risen by ten percent over the last year, while transactions and tenancy rates are presently low, meaning there is considerable scope for growth.

She commented: "It's certainly a good buying market for investors right now with a large number of opportunities available. Where else can you buy a CBD property for around $200,000?"

Ms Williams added that sales prices have fallen somewhat in recent months, meaning investors are now well placed to make positive returns if they purchase property in Tasmania.

Earlier this week, senior research analyst at RP Data Cameron Kusher told The Age that improving clearance rates, increasing rents and rising property prices mean now could be an excellent time for individuals to invest in property across the country.

Posted by Steve Douglas

- Tasmania, property, rent, prices, sales

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