Owing to skyrocketing prices in Melbourne and Sydney, Tasmania attracts seekers of Prestige property

A number of travelers are attracted to Tasmania owing to its accessibility, cuisine, pristine nature and blending culture. Statistics have revealed that a number of visitors are arriving at this island of 68, 000 square kilometers for gourmet weekends than ever before.

The average price for a Prestige Hobart property can be considered as a minor change for buyers at Melbourne or Sydney.  Offers that range more than 2.25 million dollars are charged for a grand house at South Hobart. It appears that spending just some more days in Tasmania are not sufficient.

As per the reports of the Australian Bureau of Statistics and Tourism Tasmania around 31% of the travelers who arrived in Tasmania were visiting it for the first time. It also revealed that for the year ending in September 2016, the net overseas immigration arrivals to Tasmania increased by 9.2%, as quoted by Domain.

The current population of Tasmania has increased by 26, 000 more residents to reach 519, 800.

Andrew Wilson, the Chief Economist of Domain has said that Hobart’s top-end property market with residences for sale such as the ones in Birchs Bay is the strongest in the state.

In the year 2016 tourism sector had made a direct contribution of 1.17 billion dollars to the economy of the state which was a share of 4.6% of the gross product of the state and 1.38 billion dollars indirectly, the maximum contribution in the nation.

Y-Axis Australia office is situated in affinity to Melbourne Central amidst innumerable educational institutions. Everyday immigrants, skilled professionals, and students visit our office seeking legal advice on immigration. They are provided assistance for immigration and visa applications by Registered MARA Agents.

If you are looking to Migrate, Study, Visit, Invest or Work in Australia, contact Y-Axis, the world’s most trusted Immigration & Visa Consultant.

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Anshul Singhal

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