APM Housing Market Report June 2013 – Hobart

According to Australian Property Monitors, “Hobart’s housing market remains subdued, reflecting the ongoing impact of a weak local economy. Hobart’s unemployment rate over April was 6.8 percent, and remains the highest of all the capitals, with no real indication of an improvement in the near-term despite low interest rates. The housing market continues to bump along the bottom, with Tasmanian owner-occupier loans, for the March quarter, up just 1.3 percent compared to the same period last year.”