Hobart market halts home price slide

The brakes have been put on Hobart’s property price slide.Following three months of small pricing falls, the new realestate.com.au Home Price Index shows there was no change in Hobart home prices in September.Hobart home prices were steady in September, says realestate.com.au senior economist Eleanor Creagh. Picture: SuppliedAnnually, Hobart sits 5.3 per cent higher than a year ago and just 1 per cent below the peak price, $735,000, set in May this year.Hobart’s median home value, houses and units combined, is now $729,000.That is $91,000 more expensive than Darwin, $90,000 below Melbourne and $125,000 less than Canberra.Compared to prices five years ago, Hobart is 9.3 per cent higher, and compared to 10 years ago the growth is 106 per cent.Across the rest of the state, regional prices held firm in September and are 10 per cent higher than they were one year ago. $594,000 is a peak price for regional Tasmania.MORE: Only 6pc of homes within reach for average Tassie earnersSight unseen: WA buyers snap up famous Tasmanian ruinHobart Reserve Bank Building hits market for first time in 25 yearsSecrecy shrouds sale of historic Tas estate fit for a knightNo.35 Golden Grove Dr, Blackmans B...