The median house price of Hobart’s innermost suburbs has surpassed $1 million for the first time, according to the Real Estate Institute of Tasmania (REIT).
490 properties have sold for over $1 million when compared to 163 the year prior, - a 200.6 per cent increase year on year.
A representative from REIT says Tasmanians are now becoming more accustomed to the idea their real estate market has caught up with the rest of Australia.