How many blocks of land are on the market in Hobart?

Two Hobart suburbs have way more land available than any other — and prices are climbing. SEE WHAT’S AVAILABLE

• Greater Hobart homeowners making big profits on sales
• Hobart home listings grow from historic low

FOR those that dream of building a home in Hobart, securing a block of land is step number one.

But how many land buying opportunities are there?

New data from PropTrack has put a spotlight on what budding builders will be up against.

In the week ending June 10, there were 140 land listings on realestate.com.au in Hobart.

The suburbs with the largest number of listings were Sorell, 16, and Primrose Sands, 13.

Oakdowns had eight lots listed, Campania and New Norfolk had seven each, Lenah Valley six and four suburbs offered five options.

Throughout 2021, greater Hobart recorded 466 land sales, per Real Estate Institute of Tasmania data.

In 2020, the city had 390 sales; there were 432 in 2019, 356 in 2018 and 363 in 2017.

Over those five years, the median land price grew from $175,000 to $260,000.

So far this year, in figures to the end of April, Hobart had 144 sales at a $284,400 median value.

A new homes neighbourhood in Sorell.

Director of economic research Cameron Kusher.

PropTrack director of economic research Cameron Kusher said based on current sales so far this year, it looks as if the volume of vacant land sales is going to be a bit higher than the number over recent years.

“Should this come to fruition, this would be very encouraging given the limited supply of new land throughout the city over recent years,” he said.

Mr Kusher said prices in Hobart have recorded significant growth over recent years due to an imbalance between high demand for buying properties in the city and low supply of properties.

“When housing is unaffordable, an increase in the supply of housing stock should be seen as a positive to bring a better balance between demand and supply,” he said.

“The biggest challenge right now is the rapid escalation in housing construction costs, which means that any increase in land supply is likely to take some time to translate into physical dwellings as the cost of building homes is rapidly rising.”

Fall Real Estate agent Suzanne Eaton.

Fall Real Estate’s Sorell expert Suzanne Eaton said interest in the suburb and surrounding areas has been growing, which is welcome news for developers and investors.

“Most land prices have doubled in value in the past couple of years,” she said.

“And with the lack of houses that have been on the market, land sales have gone through the roof.”

Mrs Eaton said part of the appeal of Sorell was its location.

While only a 30-minute drive from the city centre, Sorell is considered to be appealingly “further out of town”.

“Sorell is no doubt a growing area,” Mrs Eaton said.

“There are many new developments happening that suit all age groups, including a massive and long overdue new child care centre.

No.24 Torquay Dr, Sorell is listed with Harcourts Hobart at “Best offer over $400,000”.

“There are good employment opportunities and most of the new land developments are on the flat and within walking distance of all of the shops and services that Sorell has to offer.

“This makes it perfect for retirees, as well.

“Sorell is not far from Hobart, which is appealing and we have the most stunning beaches located about 15 minutes away.”

EVERY BLOCK OF LAND FOR SALE

REA Listing ID, Suburb, Postcode

202972522 RISDON VALE 7016

203309403 MAGRA 7140

203323811 BERRIEDALE 7011

203162006 SORELL 7172

203296511 DUNALLEY 7177

202214394 CAMPANIA 7026

203234047 OLD BEACH 7017

700172370 CARLTON RIVER 7173

202816402 LAUDERDALE 7021

203167482 SANDY BAY 7005

203155666 MIDWAY POINT 7171

203283231 MIDWAY POINT 7171

203204994 MIDWAY POINT 7171

203305363 PONTVILLE 7030

203285487 SORELL 7172

203318999 HOWRAH 7018

202813046 HOWRAH 7018

203264587 MOUNT RUMNEY 7170

203323815 SANDY BAY 7005

203002750 OAKDOWNS 7019

203328703 CLARENDON VALE 7019

203317371 GEILSTON BAY 7015

203002702 OAKDOWNS 7019

203002622 OAKDOWNS 7019

203301855 SORELL 7172

203285503 SORELL 7172

203285499 SORELL 7172

203223883 NEW NORFOLK 7140

203190030 NEW NORFOLK 7140

203068298 FERN TREE 7054

203167834 SORELL 7172

203338279 KAOOTA 7150

203228083 MOONAH 7009

203287939 FORCETT 7173

203294979 CONINGHAM 7054

203241283 BLACKMANS BAY 7052

203285479 SORELL 7172

203327935 CARLTON RIVER 7173

203311035 OLD BEACH 7017

202167534 GRANTON 7030

203327711 PRIMROSE SANDS 7173

203291115 GEILSTON BAY 7015

203342919 DUNALLEY 7177

202745650 RISDON VALE 7016

203291843 BERRIEDALE 7011

203305719 DODGES FERRY 7173

03332975 MIDWAY POINT 7171

203285483 SORELL 7172

203309963 DYNNYRNE 7005

203067758 CAMPANIA 7026

203300451 ROSETTA 7010

203334195 SORELL CREEK 7140

203123246 MAGRA 7140

203113010 NEW NORFOLK 7140

203053906 MOUNT NELSON 7007

203311107 BLACKMANS BAY 7052

203067782 CAMPANIA 7026

203309399 MAGRA 7140

203285495 SORELL 7172

203326135 GEILSTON BAY 7015

203278895 PRIMROSE SANDS 7173

203178666 SORELL 7172

203265003 LAUDERDALE 7021

203311639 SANDY BAY 7005

203316179 WEST MOONAH 7009

203302575 PRIMROSE SANDS 7173

203148466 PRIMROSE SANDS 7173

203198742 PRIMROSE SANDS 7173

203239963 NEW NORFOLK 7140

203250275 PRIMROSE SANDS 7173

203327191 CARLTON RIVER 7173

203134130 LENAH VALLEY 7008

203301987 HONEYWOOD 7017

203002746 OAKDOWNS 7019

202649762 DUNALLEY 7177

203329759 RISDON VALE 7016

203222403 MOUNT RUMNEY 7170

203337531 CARLTON RIVER 7173

203273395 PRIMROSE SANDS 7173

203287271 FORCETT 7173

203244475 MOUNT NELSON 7007

203172918 MALBINA 7140

203063906 RISDON VALE 7016

203283211 MOUNT NELSON 7007

203240431 SORELL 7172

203002666 OAKDOWNS 7019

203263115 PONTVILLE 7030

203208330 NEW NORFOLK 7140

203333911 PRIMROSE SANDS 7173

203298475 KAOOTA 7150

203250131 WEST MOONAH 7009

203310795 SOUTH HOBART 7004

203172982 LENAH VALLEY 7008

203255879 NEW NORFOLK 7140

203167838 SORELL 7172

203287367 MOUNT NELSON 7007

203310763 PRIMROSE SANDS 7173

203293775 LENAH VALLEY 7008

203002670 OAKDOWNS 7019

203144634 GAGEBROOK 7030

203336507 MOONAH 7009

201766506 DUNALLEY 7177

202991682 MIDWAY POINT 7171

203002742 OAKDOWNS 7019

203301435 SOUTH HOBART 7004

203236103 SORELL 7172

203067790 CAMPANIA 7026

Source: realestate.com.au

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