For many years Tasmania deserved its reputation for being a comparatively cheap place to live, with relatively low house prices and rental costs. This has changed dramatically in recent years, with increases in the private rental market far outstripping the incomes of average Tasmanians. Data from CoreLogic shows the median rent in Hobart at $464 per week ($7 more than Melbourne) and a vacancy rate of just 0.6%, signifying a very tight market. Read more…