Hobart Property 70% Increase
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It's the Real Estate Podcast across every state, city and town of Australia. And welcome to another episode of the Real Estate Podcast, available on iHeartRadio every morning and also on Spotify and Apple and wherever you get your podcast from. It is a Wednesday, yes, the middle of the working week, the 24th day of August for 2022. And it was a sad day yesterday with Margaret Ehrlich, the singer passing away after a two-year battle with cancer. She was just 57 years young.
Put my heart on the shelf, hiding inside myself. What am I doing? No, you've been faking. Ooh, boy, take it. There's no more. And who can forget her hit single, Escaping, a very big talent that was lost. Coming up this morning, we are headed to Hobart to talk about the numbers from a recent set of metrics about property listings for Tasmania's largest city. And we'll be talking to Nat there this morning. If you're celebrating your birthday today for the 24th of August, have yourself a fantastic Wednesday. You're in pretty good company. Stephen Fry, the English comedian best known for Blackadder. He is turning 65 today. From the history books, if there was ever a time to know this, then the time is this year.
The Ukraine on this day gains its independence. It happened on this day back in 1991. I wonder what Mikhail Gorbachev and a lot of others that have since passed would have thought about what is going on today in 2022. We are just as addicted to property as you are. Every weekday morning from 6.30. It's the main centre forecast with propertybuyer.com.au. All right, checking on your weather around Australia. And first we go to Sydney. Good morning to you. Expecting mostly sunny conditions today, a high of 17 degrees. In Melbourne, expecting one or two showers to develop. Expect a high of 14. Good morning to you in Brisbane, expecting blue skies and sunshine, a high of 21 degrees, and in Perth becoming cloudy and a top today of 21.
From first home buyers to property investors and everything in between, every morning on The Real Estate Podcast. It's The Real Estate Podcast across Australia, seven days a week. Well, we are checking in on Tasmania this morning and looking at some positivity in Hobart, where their listing numbers are climbing towards pre-pandemic levels. Yes, the latest PropTrack listings report tells us that there was a 70% increase year-on-year in the total number of Hobart homes listed for sale. Angus from PropTrack says it's the largest annual increase in total supply on record out of any city. So let's bring in Nat Downton from Downton Property there in Hobart to help us break all of this down this morning.
And a very good morning to you, Nat. Welcome to the Real Estate Breakfast podcast. Thanks for having me. So this has got to be good news for you to sort of keep up with some of these properties that are coming onto the market there in Hobart. Yeah, we have seen particularly over the last couple of months a huge growth in the number of listings or properties that become available on the market down here. everything was sort of being snapped up very quickly there was low stock but lots of buyers floating around our marketplace down here but we're just starting to find now that the increased levels of stock numbers are giving our buyers a lot more choice down here. Yeah, it's all about better choice for those buyers, particularly first home buyers.
And how are you finding the market right now outside of this big bump of listings? What's really going on there in Hobart? Yeah, so as I said, over the last few months, it has been all about the owners having the strength in the market, so to speak, whereas buyers were being a little bit hard done by in our market because there was so much competition going on. That shift now we've seen particularly over the last couple of weeks. For instance, myself and my off-sider Hamish, we've listed 12 properties in the last week and a half. That's been a huge increase on what we were seeing. So now it's starting to turn around a little bit more into a buyer's market where buyers aren't feeling like they have to rush in to do a decision.
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