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It is difficult to believe such a compact island, with so few inhabitants, can have so much to offer. (There are more sheep in Tasmania than there are people, about 500,000, or fewer than many US suburbs!) There are 17 national parks surrounded by rugged coastlines, making Tasmania a favourite for hikers from the world over; they have branded it “the wilderness state.” Last year, Lonely Planet produced a free guide for backpackers and independent travellers called Tasmania: Adventure Island. That publication and the recent marriage of a Tasmanian commoner to the Crown Prince of Denmark have contributed to Tasmania being the flavour of the month amongst international and domestic travellers. The downside is that Tasmania is no longer the world’s best kept secret. Tomahawk, a town of 60 huddled dwellings, now has so many for sale signs that it may have to remove its entry sign that boasts it’s “Tasmania’s Best Kept Secret.” Selling Mania in Tasmania Real estate in Tasmania has always
been more affordable than the rest of Australia. And while the mainlanders
have recently plucked up many of the Apple Isle bargains, there remain
many opportunities for investors wanting “rent-now, retire-later”
properties or those wanting a seachange.
Selling a heavily mortgaged property in either of those two cities can allow a person relocating to purchase a house in Tasmania and still have funds to invest, buy a business, or perhaps a weekender shack on Bruny. A small cottage facing Adventure Bay - where Capt. Cook and later Capt. Bligh on The Bounty once took refuge - currently will fetch $330,000. While there are still opportunities
on the west coast, one of the most remote and spectacular parts of the
state, word has it that many more developments will be popping up along
the east coast, from the Freycinet Peninsula to the Bay of Fires. The imposing
red granite peaks and white sandy beaches in this long stretch of coastline
has been long cherished by naturalists, bush walkers, artists and writers
and, of course, it has become a hangout for the rich and famous once since
billed as “a luxury wilderness getaway.”
Tasmania’s most expensive suburbs are really just small neighbourhoods on the edge of the Central Business District and residences a combination of Georgian and Victorian architecture and super contemporary and elegant. Not counting the priceless heritage homes that line the streets of Hobart and Launceston, the largest cities, the median house prices range from under $150,000 in the northern part of the state to over $2,500,000 in tiny, quaint Battery Point in Hobart. Rent starts at $300 per week for a tiny cottage because of three little words, location, location, location. Luckily, some houses are coming on the market as executives take early retirement. Once cashed up, they take off on extended trips around the mainland or the globe. Currently on the market is a stunning redesign and refurbished home with breathtaking panorama harbour views on the most requested avenue in Hobart. Premium location price tag? About 1,825,000 USD. Someone from Sydney will find it cheaper to moor their sailboat and fly here for weekends than to keep their yacht in New South Wales! As Roger Gallo says, locations are like romances. Investors should buy in a place they want to live. Young professionals want to live in Hobart, and seachangers are choosing the tiny east coast villages like Swansea by the sea. After many sleepy years, Swansea is awakening to the herds of expats visiting and settling on the glorious east coast. Currently, 432 residents call it home, up to 1200 live and work there in tourist season. Hence the demand for rental properties; most landlords are from interstate or around Tasmania. One of the favourite pit stops for the coach-loads of tourists is the Swansea Wine & Wool Centre. It is housed i the Swansea Bark Mill, which used to process black wattle bark for leather tanning. The for sale sign has just been posted: $735,000 AUD. Because tourism is on an upward swing, and several other tourism businesses are on the block. While there’s an oversupply of B&B and Boutique Accommodations at the moment, there are some established ones, with the profitable mixture of size and location, for sale. They don’t come up that often, so no surprise that when they do, enquiries come from far and wide, even Antarctica workers wanting a warmer seachange! Offers are expected over a million AUD for the Bicheno Hideaway, a unique, ocean frontage group of 3.5 star chalets. Same for the circa 1854 Wagners & Keefers cottages, which are part of the early history of Swansea. If you want a contemporary property and none of the management headaches, you can buy into the 5 star spa retreat at Piermont, a time share with a twist and a million-dollar view of the Great Oyster Bay and the Hazard Mountains. If you prefer overlooking your own grapevines, a good-producing vineyard with 3 bedroom house is available for $650,000. If supplemental income is not your goal, there are plenty of prestige properties and shacks available. Some old beach shacks are coming down and big houses going up, although it’s being done sensitively and not in great numbers - yet. As coastal towns like Bridport north of Launceston and tiny Triabunna east of Hobart are expecting large golfing/retirement communities (like Greg Norman’s signature development) to come on line in the next five years, this will accelerate. Finding Gold Real estate bargains and favourable business opportunities are not the only reasons expats are flocking to the land of “no worries.” Tasmanians are the happiest Australians - and why wouldn’t they be. They enjoy a healthy, active lifestyle, four seasons of weather (some days you get all four in one), lots of space, zero “rush hours” and they are genuinely relaxed. A Tasmanian will take the time to look you in the eye and engage in conversation. It’s their friendly, welcoming way. Old fashioned, charming. When was the last time you caught up with your neighbour for a conversation in the middle of main street or in the corner grocery store? Besides the author, other expats who have made the east coast sea change are running a 5-star B&B, a cooking school, a bush-to-beach adventure tour company, serving serious coffee for the cafe society, growing prolific crops of cherries and strawberries, and playing very relaxing rounds of golf for $10 on the “honesty box” system. Many of them had first come to Tasmania on holiday, and enjoyed their experience so much, they eventually moved here to live, to study, to work and to enjoy the good life. Better hurry. You won’t latch onto an abalone fishing license, but you could buy a marine farm and harvest scallops, oysters and mussels. You could grow garlic, mushrooms, walnuts, olives or saffron, buy and sell wool, or export the new “black gold” - truffles. Big money that, and local producers are looking for investors. Resources Tasmania is probably only for a specific
type of migrant who's not looking for an especially warm climate (Tasmania's
climate is similar to that of North West Europe, with average daytime temperatures
in high summer of 22C/72F). Leaving climate aside, Tasmania can offer a
very good lifestyle provided you can find a job. The state has traditionally
lagged the rest of Australia, and unless you have specific skills in demand
there finding a job may be difficult. Once you do find a job, salary levels
won't be as high as elsewhere in Australia, although the cost of real estate
is still affordable.
There are numerous tourism and economic development government websites and a handful of private sites that provide insight to the business and social environment of the island-state. The best of the lot include www.brandtasmania.com for business entrants and skilled migrants, and www.discovertasmania.com for those seeking a summer hideaway or a better way of life. Check out tourismbusinessforsale.com, and businessforsale.com.au if you don’t want to relocate your own business. Two helpful publications are “Commercial Visitors Services Information Kit,” and “Tasmania: The Right Time...the right climate, the right lifestyle, the right education, the right housing, the right opportunities, the right contacts...for manufacturing, tourism, forestry, agriculture, aquaculture, mineral resources, and IT.” Be sure to bookmark the Real Estate Institute of Tasmania, www.reit.com.au, and other leading real estate sites, www.domain.com.au and www.buytas.com.au. No worries, mate. Tasmanian
businesses have access to the latest technology, thanks to fibre-optic
cable between the island and continental Australia that provides high-speed
voice and date links with the rest of the world. - - -
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