Tasmania's new AFL team may kick along Hobart's underperforming property market
A new stadium that will be home to the AFL's 19th Aussie Rules football team may inject some life into Hobart's floundering property market.
Hobart house prices are almost 10 per cent below their March 2022 peak. (Image source: Shutterstock.com)
House prices have fallen for four consecutive quarters, producing the longest stretch of continuous decline and the steepest annual decline in the Hobart’s history.
Tasmania’s own AFL team is about to become a reality but it’s the property market that’s getting kicked at the moment.
House prices are now 9.9 per cent below the March 2022 peak, down by about $75,000 and back to 2021 pricing.
While there are there are no suburbs in Hobart where…
