For the December quarter, the median house price in Hobart went up by 3.5% to $265,000. For the year to December 2004, Hobart experienced the largest growth amongst all state capitals in Australia – showing an increase in the median house price of 17.1%.

Some market forecasters believe the recent interest rate rise has knocked the wind out of the property market and it will be three years before a rebound is evident.

The news for property investors isn't all bad though. While, your short term cash flow position may suffer due to the higher cost of money, there should be more opportunities for those who are cashed up.

As a first step, every Hobart resident holding real-estate should ask themselves the following questions:

Are you paying as little as you can for the most flexible mortgage product available?
When was the last time your property was re-valued ?
The equity in your property can provide you with a great opportunity to capitalise on the growth potential still present in the Hobart real estate market.

To ensure that you are prepared to take advantage of all investment opportunities that may come your way, please complete a Hobart Home Loan Refinance enquiry and a Home Loan specialist will contact you to discuss your finance needs.








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