Discover Tasmania's Longest-Held Suburbs: Why Residents Stay Put

The Property Pod

If you are on the hunt for your dream Tasmanian abode, but finding yourself lost in a maze of location choices? Or perhaps you’re a savvy investor in pursuit of the golden opportunity but can’t find the perfect address to turn your financial dreams into reality?

Listen along as we navigate some of the best-kept secrets of Tassie and explore where people have moved in and refuse to move out–which might help you decide on your current property venture or your next long-term residency.

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The episode discusses Tasmania's longest-held suburbs and why people choose to stay in these areas. Some of the suburbs with the highest average hold periods include West Moonah, New Town, Launceston, Moonah, and South Hobart. Factors such as desirable lifestyle, infrastructure improvements, family-friendliness, property value, affordability, and sentimental attachment contribute to residents' decision to stay. The limited supply of properties in these areas poses challenges for buyers.

Key Takeaways

• West Moonah, New Town, Launceston, Moonah, and South Hobart are some of Tasmania's longest-held suburbs.
• Desirable lifestyle, infrastructure improvements, and accessibility are factors that make these suburbs attractive.
• Family-friendliness with parks and proximity to water is important to residents.
• Property value appreciation and affordability influence residents' decision to stay.
• Older homeowners may hold onto their property as a store of wealth for their children.
• Limited supply of properties in these areas poses challenges for buyers.
• Being prepared to take calculated risks is crucial when opportunities arise in these tightly held suburbs.