Hobart Property Management Fees [2025 Guide] + Cost Calculator

If engaging the services of a Property Manager in Hobart, Tasmania there are two main fees payable. These are: a letting fee and a management fee. The letting fee is payable at the beginning of the lease if the agent has sourced a new tenant. In Hobart and throughout Tasmania this is usually between 1-4 weeks rent.

In addition, you can expect to pay a management fee of 5-10% for the day-to-day management of the lease. In Hobart and other key Tasmanian cities, a fee at the lower end of the scale is possible, whilst a higher management fee can be expected in rural areas. Be sure to check exactly what services are included in the management fee to avoid unexpected charges.

Need more information on fees? We’ve updated our property management fees guide to include extra information about the types of fees you may encounter and how they can be structured.

Property Management Fees Calculator – Hobart (TAS)

Below you will find our Property Management Fees Calculator. Input the individual costs to uncover the annual property management fees you can expect to incur. The costs listed below are not a comprehensive list. Before appointing your Property Manager be sure to ask them for a full list of possible additional charges and allow for this is in the field marked ‘Other Fees’. This can include such things as annual statement fees, routine inspection fees, advertising fees etc.

Bear in mind, you will also have other costs associated with insurance and possible repairs and maintenance to your property.

Looking for a property manager? Follow this link for access to current promotional property management packages from top agencies.

Hobart Property Management Fees List

Weekly Rent – Actual or estimated rent collected from the tenants of your property on a weekly basis. The median rent in Hobart for the March 2019 quarter was $450 for a house and $365 for an apartment, while the rest of the state was $295.

Letting Fee – A fee collected by the property manager in return for sourcing a new tenant for your property. In Hobart and the rest of Tasmania, this is generally equivalent to 1-4 weeks rent.

Management Fee – Ongoing cost of managing your property paid to the property manager, and is usually expressed as a percentage of the rent. In TAS, the fee can range between 5 to 10%, depending on the location and style of property. You can use the interactive map above to find an average management fee.

Other Fees – This covers all other fees that you and/or your property manager may encounter while looking after the property and tenants. This may include annual statement fees, inspection fees, advertising fees and more.

Annual Management Fees – A summary amount that purely shows the management fee over the course of a year for your property. For a median Hobart house collecting $450 a week, this would be somewhere between $1,000 to $2,300 annually.

Total Annual Fees – These are your total fees for an entire year’s worth of property management, including the management fees, letting fees and any other fees you may encounter. It assumes that the letting fee and other fees are incurred annually, but your tenants may stay for a number of years. This would save you from paying multiple letting fees or advertising costs.

If you’re interested in finding a property manager, follow this link for access to current promotional property management packages from top agencies.