Australia

How many Tassie homes joined the $1m+ club in June?

OVER 120 Tassie homes have been sold in excess of $1 million in 2020.

Despite COVID-19, despite doomsday warnings from finance experts and despite regular old Apple Isle winter which can dull the level of transactions some — the market has keep on ticking along.

Per realestate.com.au, last month there were 15 residential sales for $1 million or more throughout the state, plus a bunch of farms, land holdings and commercial operations.

But lets stick to houses and units.

In June, four of these top end sale have priced revealed on the website between $1.075m and $1.31m with the rest undisclosed at this point.

In May there were 17 million dollar sales, plus 16 more in April, 24 in March, February was particularly busy with 33 and in January agents sold 16 homes at this level.

Knight Franks sales consultant Abi Freeman sold five million dollar homes in June.

She sees her job as not just selling houses but also providing the reassurance that people are making the right decisions on their property journey.

During the early stages of the COVID-19 outbreak and beyond, this was vital.

Abi said she used FaceTime to walk people one-on-one through properties.

“It is all about having a connection with people,” she said.

A number of Abi’s top end sales were sight unseen to interstate buyers, but she said with FaceTime they often felt like they had visited the property they were interested in.

“People that have sold well recently have switched from sellers to buyers, they are still active in our market,” Abi said.

“A few people think they can find bargains but we are far from that stage at the moment.

“The lifestyle and the quality of homes available here are still fantastic for the price.”

Before Tassie’s most recent property market boom around 2015-2018, it was not common for the market to record in excess of 100 $1m sales in a calendar year.

Per Real Estate Institute of Tasmania data, the first time was in 2010 (104 sales at that level) then a drought of a few years before it happened again.

The State jumped over the 100 mark again in 2015 (109 sales) and never looked back.

By 2017 it reached 168, followed by a record-setting 181 in 2018. Last year dipped backward a little with a still healthy 175 transactions.

With 121 sales in the books already this year, it is fair to wonder where the market will finish up by year’s end. Will it slow through the rest of the year or go the other way and set a new benchmark?

If and when Tasmania’s boarders are reopened, what will the impact be — not just on the top end but the middle and most affordable ends of the market, too?

Will Springtime bring its typical bustling business to the marketplace plus some extra oomph with an influx of sellers that may have been holding off waiting to see how COVID shook out?

Time will tell.

TASSIE’S BIG JUNE SALES

3/479 Churchill Ave, Sandy Bay – Knight Frank – $1.075m

3 Niree Heights, Sandy Bay – Knight Frank – $1.31m

430 Black Hills Rd, Black Hills – Charlotte Peterswald – $1.3m

15a Lord St, Sandy Bay – Harcourts Signature – $1.15m

7 Heathorn Ave, Sandy Bay – Knight Frank – contact agent

9 Nile Ave, Sandy Bay – Knight Frank – contact agent

23 Wandella Ave, Taroona – Knight Frank – contact agent

4/20 Ellerslie Rd, Battery Point – Knight Frank – contact agent

Allens Rivulet, address by request – EIS Property – contact agent

5-7 Pelham St, Sorell – Charlotte Peterswald – contact agent

1/3 Marine Tce, Battery Point – Nest Property – contact agent

56 St Georges Tce, Battery Point – Charlotte Peterswald – contact agent

112 King St, Sandy Bay – St Andrews Estate Agents- contact agent

2 Larooma Rd, Hawley Beach – One Agency – contact agent

16 Goulburn St, Hobart – Harcourts Signature – contact agent

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