Hobart, capital of Tasmania, has shown a solid performance in the property field over the last 12 months, and is seen as a staple of a solid market, with house and unit prices staying at an even price. What this suggests for property management is that it too will likely see little change, although population increase would suggest a slightly higher number of property managers in the city.
The northern sea-lined suburb of Rosetta sits just south of the MONA gallery, where the median house price has risen to $310 thousand over the last 12 months. In the south, the rural suburb of Dynnyrne lies at the base of Mt. Wellington, and they have seen a good mix of units and houses being sold over the year.
What you need to know about property management in Hobart
Serving as a link between landlord and tenant, property managers need to be both communicative and able to handle some important elements. Their roles includes responsibility for tenants and rent, property maintenance and knowledge of relevant legislation.
Property management applies to all kinds of dwellings, from high value houses in metropolitan Sandy Bay, to high density apartment blocks in Hobart’s CBD, and property managers should be considered according to experience.
What to consider when finding the right property manager for your property
- Choosing property managers is not just a one-time transaction; they may be working with you for many years to come, so it’s especially important to compare agents to see which is best for you.
- In high density suburbs, like urban North Hobart, property managers need to be highly responsive to prospective tenants, as applicants in these areas may apply for several properties, settling on the first one to accept them
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