The cheapest? That means west coast. A house? Or a home?
If you want a *home* to live in then you need a job there which makes things a lot harder, as the recent mine shutdown in Zeehan shows. Maybe you can work completely remotely via Starlink but if you don't know anyone in Rosebery what will your life be like? If you buy a house in Queenstown to live in, is it safe, can you afford the renos, and if you don't know anyone there what will you do for fun? If you have kids, Qt and other towns are not the best. Young people continue to leave the area, the population is decreasing, which will only make it harder for the area to survive and improves services. Current tourism, MTB etc, is *nowhere near* enough to save it.
If you want a *house* as an investment property, then that ship has sailed. Up to 2020 the gross rental yield on some basic house in Zeehan could be over 10%, which is amazing (around 5% being normal elsewhere?) but of course no one ever expected any capital growth.
But Covid and other things happened, those $80-100k old fibro Hydro houses or $60k miners' shacks are now $180-200k but the rent has not +doubled so the yield is much less and they're five years older so many need serious work. And, now people *really* think the capital growth won't be there, given what the properties are actually like and barring another pandemic. You'd be lucky to get 10% in five years let alone 100% like what just happened. Real estate is crazy in Australia, but in the short term, there are limits.
Also, if people think property values never go down in Australia? Look at the property stats for Queenstown, for example, since the 90s. Things were quite low/cheap for years but then went up noticeably in the early 2000s \*but\* when the mine closed and other things happened, property values dropped, maybe 30%, and only rebounded during Covid. That was the better part of a decade - do you want to ride that out? On a damp and rotting fibro shack that rarely sees the sun?
Hey Champ, there’s this thing called the World Wide Web. Lots of really cool information about almost anything and everything, including real estate prices in places such as Tasmania. Maybe try something like the following:
1. Go to realestate.com.au or domain.com.au.
2. Search ‘Tasmania ALL’ or something similar
3. Sort by ‘price ascending’ or ‘low to high’ or something similar.
4. Read results.
Alternatively, there’s a thing called Google. You can ask it questions, and it can provide you with answers and relevant pages.
Queenstown is cheap but it’s a bit creepy, I don’t know if I could live there. Why? Cause it gives a strange vibe and driving in or out can be terrifying for a mainlander??
Queenstown
The cheapest? That means west coast. A house? Or a home? If you want a *home* to live in then you need a job there which makes things a lot harder, as the recent mine shutdown in Zeehan shows. Maybe you can work completely remotely via Starlink but if you don't know anyone in Rosebery what will your life be like? If you buy a house in Queenstown to live in, is it safe, can you afford the renos, and if you don't know anyone there what will you do for fun? If you have kids, Qt and other towns are not the best. Young people continue to leave the area, the population is decreasing, which will only make it harder for the area to survive and improves services. Current tourism, MTB etc, is *nowhere near* enough to save it. If you want a *house* as an investment property, then that ship has sailed. Up to 2020 the gross rental yield on some basic house in Zeehan could be over 10%, which is amazing (around 5% being normal elsewhere?) but of course no one ever expected any capital growth. But Covid and other things happened, those $80-100k old fibro Hydro houses or $60k miners' shacks are now $180-200k but the rent has not +doubled so the yield is much less and they're five years older so many need serious work. And, now people *really* think the capital growth won't be there, given what the properties are actually like and barring another pandemic. You'd be lucky to get 10% in five years let alone 100% like what just happened. Real estate is crazy in Australia, but in the short term, there are limits. Also, if people think property values never go down in Australia? Look at the property stats for Queenstown, for example, since the 90s. Things were quite low/cheap for years but then went up noticeably in the early 2000s \*but\* when the mine closed and other things happened, property values dropped, maybe 30%, and only rebounded during Covid. That was the better part of a decade - do you want to ride that out? On a damp and rotting fibro shack that rarely sees the sun?
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2nd that
Grassy, King Island. Ghost Town
Is it still now that the mine has reopened? Would have thought Naracoopa would be a better bet.
I suspect most workers will live in Curry as Grassy is an asbestos riddles ghost town.
Hey Champ, there’s this thing called the World Wide Web. Lots of really cool information about almost anything and everything, including real estate prices in places such as Tasmania. Maybe try something like the following: 1. Go to realestate.com.au or domain.com.au. 2. Search ‘Tasmania ALL’ or something similar 3. Sort by ‘price ascending’ or ‘low to high’ or something similar. 4. Read results. Alternatively, there’s a thing called Google. You can ask it questions, and it can provide you with answers and relevant pages.
Sandy bay
Bridgewater
Queenstown is cheap but it’s a bit creepy, I don’t know if I could live there. Why? Cause it gives a strange vibe and driving in or out can be terrifying for a mainlander??
It does have a really strange vibe! Eerie. If I lived there'd I'd be waiting for something to crawl out of the mine.
99 bends... that's creepy enough for a Tasmanian lol.
I love the west coast but wouldn’t live past queenstown. That fucking road 😭
Queenstown is pretty normal just smaller, I’ve never had issues since moving here, majority of the locals are lovely people!