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Home › Property Management › Property Management Fees › Hobart, TAS
Hiring a property manager in Hobart can save you a lot of time, stress, and headaches but it’s important to understand the costs involved before you sign an agreement. Whether you own a single investment property or a growing portfolio, knowing how fees are structured will help you budget properly and avoid hidden surprises.
In this guide, we’ll break down the main types of property management fees in Tasmania, explain how they’re calculated, and show you what to expect in Hobart compared to regional areas. We’ve also included a handy Property Management Fees Calculator so you can estimate your yearly expenses.
Key Takeaways Hobart property management fees usually range from 5% to 10% of weekly rent, with rural areas often charging higher percentages. Letting fees are between 1–4 weeks’ rent and only apply when a new tenant is found, so long-term tenancies can save you money. Other fees such as advertising, inspections, lease renewals, and annual statements may also be charged, so always request a full fee schedule. Median weekly rent in Hobart (2025) is around $540 for houses and $480 for units, which means average annual management costs often sit between $2,000 and $3,000. Property management fees are tax deductible in Australia, making them a legitimate investment expense you can claim back at tax time (source: ATO).
Key Takeaways
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.
When you engage a property manager in Hobart, you’ll usually pay two main types of fees:
Letting Fee – This is a one-off cost charged when your property manager finds a new tenant for your property. It covers tasks like advertising the property, hosting inspections, screening applications, and preparing the lease paperwork. In Hobart, letting fees typically range from 1 to 4 weeks’ rent, depending on the agency.
Management Fee – This is the ongoing fee charged for the day-to-day management of your rental property. It’s usually a percentage of the weekly rent collected and in Hobart it generally falls between 5% and 10%. The percentage can be lower in the city but may be higher in rural or regional areas due to fewer agencies and travel requirements.
These are the two standard fees, but there are also other costs you may encounter. These can include inspection fees, lease renewal fees, annual statement fees, and advertising costs.
Tip: Always ask your property manager for a full fee schedule in writing so you can compare agencies fairly and avoid unexpected charges.
Weekly Rent – This is the amount your tenants pay. As of 2025, CoreLogic reports that the median rent in Hobart is around $540 per week for houses and $480 per week for units.
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 – This is what you pay over a full year. For example, if your Hobart house rents for $540 per week and your management fee is 7%, you’ll pay around $1,960 per year in management fees.
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.
Not all property management fees are the same, and there are several reasons why costs vary between agencies and regions.
Location of the Property – Properties in central Hobart usually attract lower management fees (closer to 5%–7%) because agencies compete heavily in the city market. In contrast, rural or regional Tasmanian properties may have higher fees (closer to 9%–10%). This is because there are fewer agencies available, and managers often need to travel further for inspections, which increases their workload.
Type of Property – A modern apartment in the city centre is generally easier to manage compared to a large rural house or heritage-listed property. Properties that need more frequent maintenance, compliance checks, or specialist trades may come with slightly higher fees.
Level of Service Provided – Some agencies offer a “basic” package at a lower percentage, while others provide a “full-service” package that includes routine inspections, detailed financial reports, tribunal representation, and emergency repairs coordination. A lower headline fee doesn’t always mean you’ll pay less overall if you’re charged separately for add-ons.
Rental Market Conditions – In high-demand markets like Hobart, where vacancy rates are low, property managers may be more willing to reduce fees to win your business. In contrast, in areas where fewer properties are rented out, agencies may charge more to cover their overheads.
Negotiation Power – If you own multiple investment properties, you’re in a stronger position to negotiate discounted fees. Many agencies will offer lower percentages to investors with two or more properties under management.
Fees differ because agencies balance competition, travel costs, and service levels. When comparing property managers, don’t just look at the headline percentage, carefully check what’s included in that fee and what’s charged as “extras.”
Like every capital city, Hobart’s rental market is closely linked to the broader Australian property market, which in 2025 has been shaped by rising interest rates, strong rental demand, and ongoing affordability pressures. These national trends don’t just influence property prices, they also affect how much tenants are willing to pay in rent and how competitive agencies are when setting their management fees.
For example, in larger cities such as Sydney and Melbourne, rapid rental increases have put pressure on tenants, while in Hobart the market has remained steadier with solid rental yields and consistent demand from both locals and interstate movers. This stability often means Hobart property managers can keep fees within the 5%–10% range, while still offering competitive service packages to landlords.
Understanding these national and local dynamics is important when comparing property management fees. If rents rise sharply, a percentage-based management fee can quickly add up. On the other hand, in steadier markets like Hobart, fees may feel more predictable, allowing landlords to plan their investment budgets with greater confidence.
Fewer agencies, higher travel distances for inspections, and smaller rental markets usually push fees higher.
No. Fees vary by agency, property type, and location. Always compare.
Yes. Many agencies will reduce fees for multiple properties or long leases.
No. Only when a new tenant is found. If tenants stay long-term, you won’t pay this regularly.
Annual statement fees, inspection fees, advertising fees, and lease renewal fees.
Around $2,000 to $3,000 per year, depending on rent, fees, and tenancy length.
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