Hobart house values drop of 7pc a 'cooling' rather than a 'plummet'

A decrease in buyer FOMO — fear of missing out — and rising interest rates have combined to push Hobart property values down by nearly 7 per cent in 2022. 

Hobart dwelling prices declined 5 per cent in the last quarter of 2022, and 1.9 per cent in December alone, according to the latest data from property analysts CoreLogic.