Need for speed buying
PAUL Wright has seen firsthand how the increased demand for Tasmanian homes has affected the property market – both as a buyer and seller.
Mr Wright, 45, who works in marketing and sales, purchased his Lindisfarne property with fiancee Alison Surtees, earlier this year. The couple looked at 20 to 30 houses before buying their home on the very first day it went on the market for $430,000 – it was being sold for offers over $390,000. “We’ve been trying to get into market in Lindisfarne for probably a couple of years, and missed out on a number of opportunities,” Mr Wright said
“Eventually we got this, and we made it subject to selling a home in Glebe Hill and a home in Warrane.”
Mr Wright’s Glebe Hill property sold within four days, and the Warrane home didn’t last much longer on the market.
“There’s no time, basically unless you’re being an aggressive buyer, you’ve got no chance of getting anything,” he said.
“There’s no such thing as ‘We’ll put in an offer next week’.”
Downton Property consultant Russell Yaxley expects the property boom to continue.
“A lot of things can change the market – but in saying that if things pretty well stay the same I still see things continuing on the same trend,” Mr Yaxley said.
“Listings are still very competitive, and in terms of people selling ... the general feeling is it’s a confident market and vendors and people selling are getting the results they want.”