How Much is My House Worth – Hobart
When considering moving to a new city, it is important to know a little bit about the city that you are potentially moving to. The history of a city is one of the many factors that it is a good idea to look into. How much a house is worth is impacted quite a bit by the history of the city. When looking at moving to a new city many people do not think about the role that the history of a city has on the city that it is presently, and how that city factors into how much a house is worth.
The city of Hobart is both the capital and the largest city of the Australian island state of Tasmania, with a population of over 220,000 people. The city is located in the south-estate part of the state, on the edge of the Derwent River. This location makes it the most southern of all of Australia’s capital cities. Established in 1804, the city of Hobart is the second oldest capital city, second only to the city of Sydney, in New South Wales.
The city was developed by rapid settlement, along the Derwent River. This location has proven to be extremely beneficial to the development of the city as it has led to the creation of one of a major port, causing a surge in the ship building and manufacturing industries. This increase in industry has led to numerous job opportunities, and a demand for nearby real estate. This increase in industry and demand for real estate is a clear indicator that these factors impact how much houses in Hobart are worth.
When looking at buying a new house, the history of the city impacts how much houses are worth. The history of a city makes this impact for various reasons, if the city has been home to notable historical, or cultural events such as a dramatic role in a world war, or sporting events such as the Olympics, tend to attract tourists more so than areas that do not have them. While the city has not been home to many dramatic historical events, the port of Hobart is one of the deepest points in the world that has led to the development of a strong tourist industry. This industry has become one of the largest and most developed within the city. Perhaps one of the best things about the tourism industry is that it creates so many employment opportunities, for so many people, in so many different fields. As the tourism industry strengthen, so too does the need for: historians, to provide detailed tours and information to visitors; culinary professionals; engineers; and numerous more employees that work in various fields within the service industry.
Because of the history of Hobart, industries such as ship development and tourism have developed. These industries have created a demand for real estate within the city of Hobart and made the answer to the question of, “How much is my house worth?” that much more appealing. It is because of this demand for real estate that the city has experienced increasing housing costs, and begun developing housing in various different styles including apartment style condominiums, and multi-level townhouses.
How much a house is worth is constantly changing, and depends on a number of factors. While a city might not have the most exciting history, everyone has a history all its own. The history of a city will at the very least indirectly impact how much a house is worth within a city, just like it has in Hobart.