Tasmania

Population 471 000
Land Area 67 800 sq km

Gross Production

Mining 78.4%
Manufacturing 10.8%
Agriculture 7.1%
Major Cities Population
Hobart 193 249
Launceston 97 463
Burnie & Devonport 79 031

The Hobart Commercial office market contains over 330,000 sqm of office space and is one of Australia's smallest commercial districts. Office space can be rented for under A$200 per square metre per annum and, in terms of investment, achieves yields around 12% and can be purchased for approximately A$900 per square metre of building area.

Industrial property can be purchased for around A$500 per square metre of building area or rented for A$60 per square metre per annum. Investment yields vary around 13%.

Hobart's has a limited hotel market with eco-tourism a major feature in the rural areas.

The median residential house price in Hobart is only A$1105,000


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