Rather than being racked by two-speed troubles, Tasmania’s property market is more likely to be in cruise control this year, coasting along the bottom amid dire predictions for its wider economy
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Hobart may have used up most of its downside, but 2013 is likely to be flat at best for property prices. The Australian dollar needs to fall in value for the Tasmanian economy to kick back into gear.
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A lack of confidence in the local economy has put property on the back burner for investors
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