Hobart sizzles on national property hot list

Hotspotting managing director Tim Graham said Kingston recorded more house sales than any other suburb across greater Hobart. Picture: Supplied Hobart is home to two of the hottest LGAs in Australia. The latest Price Predictor Index by Hotspotting named Glenorchy and Kingborough municipalities in its Top 10 markets. Hotspotting managing director Tim Graham said Glenorchy has become one of the markets to watch in Hobart. This follows a McGrath report in July that named Glenorchy LGA as No.1 in Australia in its Local Residential Index Winter/26 report. Mr Graham said Glenorchy houses remain relatively affordable at about $620,000, yet values were up 8 per cent over the past year, while units rose 11 per cent. “Add extremely tight rental vacancies and significant new investment into the area and there is a fairly compelling demand story developing there,” he said. MORE: 1860s farmhouse with charm and development upside 10 days to sell: The Tassie suburb beating the nation ‘Generational’ site for sale — could hold 200 homes Glenorchy is a growth area to watch. No.105 Main Rd, Claremont is listed with LJ Hooker and priced at $795,000-plus. Picture: Supplied Mr Graham noted that Kingboro...