Craig

And just coming back to that Roqueby median house price, because they've mentioned Roqueby at $480,000 for a house.

and land package.

I mean, that's not too bad, isn't it?

It's under half a million dollars.

People's expectations probably just have to be realigned a little bit in terms of Rokeby, but you're in the market for under half a mil.

And Brighton Estate, this is a new estate.

Four in every five homes sold in this development have been snapped up by first home buyers.

There was a prediction that was made back in March, and that was that the price of $1.2 million is anticipated for housing in Hobart by the year 2027.

Now, I should sort of point out that there's three possible scenarios with this.

The first scenario forecast is at a growth of 3% annually.

The second one assumes that prices will increase at the average rates seen over the last five years.

And the third scenario predicts a price increase based on the average rates observed during the last 10 years.

But that's not too bad, is it?

1.2 mil for a median house price.

Well, I guess, you know, we'll have a conversation back in 2027, Barry, and you can say, yeah, I told you so.

All right, I'll let you get back to selling this morning and thanks for coming on to The Real Estate Podcast.

Thank you so much, Craig, and thank you to the listeners.

it's the real estate podcast brought to you by ray white the largest real estate and property group in australasia and welcome to another episode of the real estate podcast available on iheart radio also spotify and apple podcasts or wherever you get your podcast from it's a thursday and the month of may getting very close it's the 28th of april for 2022

And in just a moment, Scott O'Neill is here from Rethink Investing and we're going to be looking at a few commercial property acquisitions Scott has set up just to give you an insight into how those deals look and felt.

But first, let's have a look at the main centre forecast.