The property market in Tasmania has remained steady over the last year, with the median house price coming to rest at $283 thousand over the 12 month period. The state’s capital and cultural hub, Hobart, has also retained a solid position, where real estate fees have remained considerably lower than the state average, thanks to higher agent density and property values. The link to the mainland, northern port town of Devonport, has been dynamic in the market, with 271 properties being sold in the past year.
There are no regulations on real estate agent fees in Tasmania, allowing agents to charge fees according to the flow of the free market. The untouched landscapes of Bruny Island, in Tasmania’s south, will typically have higher real estate fees, on account of the lower property prices and a lack of agents competing in the area. In metropolitan areas, however, the higher value properties and numerous agents serve to lower fees.
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