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Vacant land in Tasmania

Discussion in 'Real Estate' started by New Trader, 19th Sep, 2010.

  1. New Trader

    New Trader Active Member

    Joined:
    19th Sep, 2010
    Posts:
    28
    Location:
    adelaide
    Hi guys, im new to this site so firstly a big HELLO to you all.
    I was wondering what peoples thoughts on Tassy property.
    Im currently looking at some 20 or 30 acres within 40mins of Hobart CBD.
    It seems very cheap,and im looking at a cash purchase with a view to building myself slowly over the next 5yrs (again for cash)
    For around $100k you can buy the land, and being a builder i figured all up i can have a new house on 30 odd acres or so for around $150k to $180k paid for in full within a few yrs.
    Now i know its cold down there lol. But do people think prices are going to go gangbusters or drop or remain level?
    Any pros/cons that anyone wants to share much appreciated
    Thanks:cool:
     
  2. Jacque

    Jacque Team InvestEd

    Joined:
    16th Jun, 2005
    Posts:
    1,885
    Location:
    Sydney
    Hi there

    I don't know the first thing about Tassie property but I would think that 40mins out of Hobart is probably considered real "country" in terms of area. Check out other land sales in the area first to ensure what you're buying is fair value. Don't forget to also factor in site costs, services etc
    Good luck
     
  3. New Trader

    New Trader Active Member

    Joined:
    19th Sep, 2010
    Posts:
    28
    Location:
    adelaide
    Cheers, 30 acres 40 mins from a capital city seems a good long term investment is all.
    Thanks
     
  4. Billv

    Billv Getting there

    Joined:
    15th Jul, 2007
    Posts:
    1,796
    Location:
    Sydney, NSW
    Welcome to the forum.
    I'd be looking at population growth.
    Is population going up and Hobart is growing?
    Assuming Hobart is growing, how many years will it take to reach your land?
    Can you afford to wait that long?
     
  5. New Trader

    New Trader Active Member

    Joined:
    19th Sep, 2010
    Posts:
    28
    Location:
    adelaide
    Gday Bill, yes i can afford to wait as ill be buying it for cash and growing crops on the land.
    Im just curious as to anyones opinions or if it really is the "LAST FRONTIER" so to speak.
    My research shows that in 10 to 15yrs Hobart waterfront and wharf precinct will take the shape of a mini gold coast.
    Penny for anyone elses thoughts!
    Cheers