‘Bombarded’: 200 people at Moonah inspection as market lifts

Home sellers Sharon Wilson and Craig Harvey at their Moonah home that attracted 200 people to inspect it within days. Picture: Jarrad Bevan

Everyone wanted to see this Moonah home in person.

Mid-morning Thursday, over 70 people turned up; over 100 people inspected it on Saturday; and then more than 20 others checked it out on Monday.

It was a roaring success with five competing offers and a sale to a young Tasmanian buyer who had attended every open home.

This comes as Hobart housing prices start to rise. New PropTrack figures show Hobart recorded September’s highest percentage of month-on-month price growth among the capital cities at 0.8 per cent.

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This Moonah home attracted 200 people to inspect it.

This Moonah home attracted 200 people to inspect it.

Fall Real Estate agent Jason Andrikonis said not every listing will reach the heights that this Moonah home did. However, this type of turnout is a great sign for a “heating up” housing market.

“First-home buyers are back. It’s so refreshing,” he said.

“There is a new breed of first-home buyers who are determined not to be beaten by investors.

“These three open homes were like a nightclub, like a game of Tetris with people trying to move through and see it.

“We were bombarded. A mortgage broker that came along said he was shocked by the huge turnout.”

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Jason Andrikonis, Fall Real Estate agent.

Home sellers Sharon Wilson, 61, and Craig Harvey, 60, said while they had worked hard to make sure their 102-year-old house presented in the best possible light, the sale campaign results were surprising.

“We were blown away,” Mrs Wilson said.

“It is a good spot, near eateries and schools, it’s flat, and in a price bracket that suits young people, families, singles, and retirees — it ticked boxes for people.

“But how does that translate to 200 people coming to see it? It was unreal.”

Mrs Wilson purchased the home in 1994 as a single lady for $72,500, and said she was happy to see it bought by a young owner.

“Hopefully she will enjoy it as much as I have,” she said.

Mr Harvey said this sale, alongside a couple of other property moves, had allowed them to buy their dream home.

“We are excited about it, it’s a home that’s well beyond what we expected to find,” he said.

PropTrack’s September Home Price Index shows, annually, home prices in Hobart were up 5.2 per cent, pushing the median value up by $27,400 to $672,000.

REA Group senior economist Eleanor Creagh said Hobart is “rebounding” after a long period of underperformance.

“Hobart led monthly gains in September, and it showed one of the sharpest annual accelerations in home price growth across the capitals,” she said.

“Buyer demand has increased over the past year. The number of inquiries per listing has increased significantly.”

PropTrack economist Eleanor Creagh.

Ms Creagh said regional Tasmania’s home prices grew 0.5 per cent in September to hit another new peak of $522,000.

She said it is 5.2 per cent higher than a year ago.

“Regional Tasmania’s prices continue to lift. It is still a comparatively affordable market,” she said.

SEPTEMBER PROPTRACK HOME PRICE INDEX

City, Monthly growth, Annual growth, 5-year growth, Median

Sydney 0.7% 5.1% 42% $1.213m

Melbourne 0.5% 3.4% 19% $839,000

Brisbane 0.5% 10.2% 92% $952,000

Adelaide 0.5% 8.6% 88% $862,000

Perth 0.5% 9.8% 91% $875,000

Hobart 0.8% 5.2% 31% $672,000

Darwin 0.4% 11.4% 38% $558,000

Canberra 0.5% 2.5% 33% $856,000

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