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Tasmania has little to recommend in the form of emerging property hotspots. The high value of the Australian dollar is crippling many of the state’s key industries, and until it falls back the property market will mirror the struggles of the economy. Investors should ultimately keep in mind that there are few supply-and-demand drivers to push up property values at the moment.
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The property outlook for the rest of the year remains bleak for the Apple Isle, despite improving consumer confidence and establishing growth rates.
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A high unemployment rate, increasing vacancy rates, and an uncertain economic future place Tasmania’s property market at the bottom of the pile
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