Property sales up 70 per cent in Tasmania in first quarter of 2023: InfoTrack report

The number of property sales recorded in Tasmania in the first quarter of 2023 was significant – and one real estate agent says he knows the reason behind the huge increase.

New data has shown there was a 70 per cent increase in property sales across Tasmania in the first quarter of the year, eclipsing the national average by 8 per cent.

The latest Property Market Update from InfoTrack found that sales had skyrocketed by 62 per cent around the country between January and March, with the best-performing jurisdictions being the ACT (+130 per cent), NSW (+109 per cent) and Victoria (+78 per cent).

Tasmania was fourth on the list, seeing its sales increase by 70 per cent.

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