The trails have become a tourist hot spot since they opened and the area is set to gain an even stronger reputation after it was announced that the Derby would play host to the prestigious Enduro World Series.

Harcourts North-East director Andrew Bennett said the surge in investments meant there was currently very little on offer. 

“In Derby the market’s pretty hot, people are buying just primarily to do overnight accommodation, so there’s very little up for sale up there,” he said. 

Mr Bennett said Scottsdale and the North-East were only beginning to get back on its feet following the closure of the softwood mill in 2010 and a decline in forestry some years ago. 

“A lot more went on the market, and there was a lot less selling,” he said.

“It’s only in the last three to four months that’s it’s started picking up, it’s probably low interest rates for starters. We went through a bit of instability with the Green-Labor government for a while.” 

According to the REIT, sales in Scottsdale declined by more than half in 2011 when compared to the previous year.

“The prices sort of went backwards but people are jumping in and they’re buying them because they’re cheaper based on the rental returns,” he said. 

“Other areas vary. If you’re going to a town like Ringarooma, houses sell from about $80,000 through to about $200,000. Cheaper ones tend to get bought as rental properties.” 

Some years later, the market appears to have made a recovery, with 27 sales recorded in Dorset in 2015 compared to 17 in 2011. 

But sales in Derby appear to have grown during that time, and in 2015 the median sale price saw a 23 per cent increase. 

Real Estate Institute of Tasmania president Tony Collidge said that sales in the Dorset municipality this year for the period to June 30 were well down on the previous March quarter.

He said 16 sales were recorded at a median price of $144,000, and one house had sold in Derby during this period for $90,000.