The cost of getting into the real estate market in Tasmania's North-West has hit a new high.

The region's median house price has broken the half-million-dollar level for the first time, and properties priced above $1 million are more common.

The Real Estate Institute of Tasmania says that despite ongoing political and economic volatility, Tasmanian real estate posted its strongest quarterly results over the past 12 months.

The REIT June 2025 quarterly report shows Burnie had the highest level of sales for a Tasmanian location (94 transactions), followed by Devonport.

Battery Point, in Hobart, is the most expensive suburb in which to buy a house, while Queenstown retains the title of Tasmania's most affordable location with a median price of $210,000.

The REIT says investors have retur

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