Concerns have been raised within the Launceston's real estate market around the viability of a drop in homes being put on the market.
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Harrison Humphrey's sales consultant and auctioneer Jesse Denholm said after August 2019 and prior to coronavirus, there were plenty of properties selling to first home-buyers in the $350,000 range.
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"I think the demands dropped from a first-home buyers point-of-view ... in every other price range the supply's not there." he said.
"Given probably a lot of first-home buyers or those in that age demographic work in tourism, hospitality or retail - their lending capacity is probably not there because they're not working at the moment.
"Our sales are certainly outweighing our listings at the moment and I would imagine that's probably the same with every real estate [group]."
April figures from the Real Estate Institute of Tasmania revealed a 39 per cent drop in housing sales in Launceston. However, properties in the state were being sold by an average of 1.7 per cent higher than the asking price.
Mr Denholm said given the market strength prior to the pandemic, he hoped people would resume selling now that real estate restrictions are gradually being lifted.
"There's a lot more off-market sales: bringing buyers to property owners rather than just waiting for the buyers to come to you," he said.