With over 987 real estate agents and 187 real estate agencies operating across the state, choosing the best agent to sell or manage your home can be a difficult process. Which Real Estate Agent helps sellers make an informed decision by comparing all Hobart real estate agents within your property’s immediate surrounds and outlines the following information in an unbiased and free report.
Companies have good and average employees and real estate is certainly no different. We analyse all individual agents so you know exactly which agent to approach. Our report highlights those who sells:
Our report will help you identify the most experience and suitable agents to sell your property, however it is also important to know what you should pay for their services. Click here for more detailed information on agent fees, the sales process and associated costs refer to our in-depth Hobart real estate fees and commissions guide.
Please note the better agents generally charge slightly more than average, as the adage ‘you get what you pay for’ also holds true in real estate.
In their last yearly property market update, issued January 2014, RP Data provided the following summary of the Hobart real estate market. We update this section every January, when the new report is issued.
Hobart home values fell by 0.2 per cent over the 12 months to January 2014.
House values recorded an annual increase of 0.4 per cent which
was offset by a 5.5 per cent fall in unit values. The 0.4 per cent increase in
house values was slightly weaker than the 0.8 per cent annual increase in
values at January 2013 and the fall in unit values was much greater that
the annual fall of 0.5 per cent a year ago. Both house and unit values in
Hobart remain a long way from their previous peaks with house values
10.4 per cent lower and unit values 13.1 per cent lower.
Hobart home values have increased at a compounded annual rate of
7.7 per cent over the 15 years to January 2014 with value growth slowing
significantly more recently. Between January 1999 and January 2004,
home values increased by a total of 135.4 per cent compared to a 35.1
per cent increase over the five years to January 2009 and a 3.7 per cent
fall over the most recent five year period.
Values have fallen but sales activity in Hobart has
The annual number of house sales across Hobart is estimated at 3,101
over the past year and for units the estimate is 885. The annual number
of house sales has increased by 12.2 per cent over the past year
however, sales volumes have eased over recent months. Unit sales have
also escalated over the year, up 4.4 per cent although they have been
fairly stable over recent months. The slight decline in sales volumes
over recent months indicates that transaction activity across Hobart
may have peaked.
Limited growth in Hobart rents throughout the past year
Hobart rental rates increased by just 1.9 per cent for houses and by
1.7 per cent for units throughout the 12 months to January 2014. At the
end of the year, the median rent for a Hobart house was recorded at
$336 per week and for a unit it was $284 per week, both of which are the
lowest amongst all capital cities. Over the past five years average annual
rental growth in Hobart has been comparatively low however, it has been
stronger than growth over the past year at 2.4 per cent for houses and
2.5 per cent for units. With home values falling over the past year and
rental rates increasing, yields have increased over the year. Gross rental
yields for houses are currently recorded at 5.3 per cent and at 5.4 per cent
for units. 12 months ago, rental yields sat at 5.2 per cent for houses and
5.0 per cent for units.”