Tasmania highly valued in property stakes
Australia's real estate gaze has been captured by the island state in recent years and official figures confirm property values have increased by more than a third.
Almost 100,000 properties in nine Tasmanian local government areas have been revalued for the first time in six years and all have increased in capital value.
Capital value, the combined worth of land and dwelling, has climbed a whopping 34.4 per cent in Clarence on Hobart's eastern shore since the state valuer-general last released figures for the area in July 2012.
Other areas of significant increase include the Northern Midlands with 27.9 per cent, Brighton (on the the northern outskirts of Hobart) 25.2 per cent, and 22.9 per cent in Meander Valley.
Increases were smaller in the northern part of the state including the councils of Break O'Day, Burnie, and Central Coast.
Valuer-General Tim Grant said there had been substantial changes in the property market since the properties were last valued, particularly in the south of the state.
Tasmania continues to buck the national trend, with Hobart frequently topping the list as Australia's best-performing capital city for house price growth in recent months.
The nation's southernmost city has seen home prices increase by 4.6 per cent in the past year, according to the Australian Bureau of Statistics' most recent Residential Property Price Index.
Mr Grant said the new values will take effect from July 1 for rating and taxation purposes.
