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One of the most stable property markets in Australia, Tasmania is often considered a measuring stick of the market in other parts of the country. In the past year it has stayed true to recent form, with house and unit prices continuing to be affordable, and also strengthening the rental market, which is great news for increases in the property management industry, as quality and quantity of property managed may increase in response. Hobart, hosting the world renowned MONA Gallery, has followed the state trend by holding a steady median housing price of $325 thousand over the last 12 months.

What you need to know about property management in Tasmania

Property managers are relied upon to take control of several important roles within a property, as they provide the communication link between landlord and tenant. These responsibilities include managing rent, maintaining the property and maintaining transparency. Property management covers number of different properties, from high density apartment buildings in northern coastal city, Launceston, to opulent holiday houses near the ports of Hobart.

What to consider when finding the right property manager for your property

  • It’s important for property managers to be responsive to applicants if the property is in a densely populated area, like Devonport on the Mersey River, as many applicants will apply for several properties and take the first one they are offered.
  • Don’t choose an agent without serious consideration, as they will often become long time business partners, spanning a relationship of many years.
  • With all the different kinds of properties and specialisations in property management, it becomes greatly important to compare agents to see which is the right fit for you.

Want to find a property manager in Tasmania?

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