- Launceston, Tasmania offers Aussie buyers its rural lifestyle and historic mansions
- Downsizing Aussies drawn to new developments
Tasmania’s second largest city, Launceston, offers Australians hassle-free lifestyles, happening cultural and food scenes and affordable heritage housing.
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In one of Australia’s oldest cities just 200 kilometers from Hobart, the state of Tasmania’s capital city, Launceston still holds signs of early 19thC European heritage in its semi-rural setting. Launceston’s most prestigious inner-city historic mansions are considered a bargain at $2.5M when compared with like housing in Australia’s mainland cities of Melbourne and Sydney and the historic suburbs of Toorak and Rose Bay, $3.5M – $4.5M.
The median home price in Launceston is now $400,000, according to The Real Estate Institute of Tasmania, up from $377,000 in Q1 2020. “Character homes in central Launceston and East Launceston are still going very strong…Launceston is very attractive for mainland buyers in particular. We’re a good-sized regional town with lots to offer in terms of wineries, the beautiful Cataract Gorge, unemployment levels were very low, good proximity to the coastline, no traffic congestion and you have a beautiful character city,” said Mr. Bushby, owner of the Bushby Property Group.
A “sleeper city” no more, Launceston has been discovered by semi-geographically independent and remote workers for its fly-in/fly-out ease to Sydney/Melbourne, its relative affordability, its fuss-free lifestyle, and its inherent rural charm.
New condominium developments in Melbourne and Sydney are also appealing to both time-poor, agile entrepreneurs and families and to active retirees who no longer champion quarter-acre properties now wanting lower-maintenance lifestyles without sacrificing space or quality.
According to Knight Frank which last month published its “Rightsizing – Australian Prime Residential Insight 2020” report, buyers are looking for low-maintenance properties with “house-like proportions and great amenities.”
Michelle Ciesielski, Head of Residential Research with Knight Frank and author of the Rightsizing report said, “”Downsizing the living areas is not part of this movement – the yard most certainly – but the new luxury apartment must be the right size, with amenities to match. Rightsizers want to be in a walk-able location with proximity to activity hubs and amenities.”
Thanks to MansionGlobal.