Cheap Victorian and Tasmanian suburbs brace for home price boom

Homes like 25 Kerria Rd, Risdon Vale, Tasmania, could be set for a home price uptick thanks to their affordability. This one is advertised under $600,000. Affordable Victorian and Tasmanian suburbs are bracing for a doom-defying growth spurt after recording a hefty surge in proactive house hunters. But with most of the areas recording a key signal that they could be about to see demand and prices rise offering typical homes under $600,000, first-home buyers are being warned they might be in for a more competitive entry to the market than they were hoping for. Realestate.com.au has recorded key inquiries as more than tripling for the typical house in Risdon Vale in Hobart as well as in Upper Burnie near the island state’s northwestern coast. RELATED: How Aussie homes are killing petrol stations Richlister Danny Wallis snaps up failed Block homes at big discount Record number of homeowners face loan default This reflects an increase in homebuyers emailing agents, booking inspections and a variety of other activities that shows them being more proactive than simply viewing the home on the real estate listings site. Chigwell and Bridgewater in Hobart, as well as Sebastopol in Ballarat,...