Real Estate Agents In Hobart


Considering selling your property in Hobart? We’re here to help. Below are the top agencies and agents currently operating in Hobart, plus some important agent statistics and market updates to help you make the most of the current market conditions.

For most Australians your home represents your largest asset and getting a great sales price can take a few years off your mortgage or help take you comfortably into retirement.

When embarking on the sales process it can be difficult to know who to talk to, not helped by the fact that there are over 900 agents working in Hobart. It’s essential to find a top-performing real estate agent who has extensive experience and local property knowledge. Someone who can use the current market conditions to their advantage to help secure you a quick sale and a great price.

Not only is agent selection important, but so is understanding the current market in Hobart, which we will give an overview on below.

For an expert opinion on what’s happening in your suburb and to compare and connect with your top local agents – click here.

Agents In Hobart

893

(September 2019)

Properties For Sale

1,060

(September 2019)

Change in Number Sold

+6.9%

(Year to September 2019)

Real Estate Agencies In Hobart

There are almost 200 agencies currently operating in Hobart, comprised of well-known franchise brands and lesser-known independent agencies. As with all companies, the service offering, price and local experience amongst these agencies can vary dramatically. To be sure you select the best brand for you, we recommend you speak with agents from 2 or 3 agencies to understand their differences in these areas as well as their recommended strategies for selling your home.

Below is our list of the top-selling agencies located in Hobart. To generate this ranking, we looked at the total value of sales conducted by each agency over the past 12 months. This doesn’t mean they’re the most-suited to sell your property! To see who is experienced in your suburb, click here.

Best Real Estate Agents In Hobart

Selecting the agency brand that you would like to have manage your sale is only half the battle – and often the easier decision. Individual agent performance within an agency can vary significantly (as in all companies) and it’s critical that you select the right individual to manage your sale.

Some things to keep in mind: the agent should be focused on selling property in your suburb, experienced at selling homes like yours, have a track record of successful negotiations and have character traits that work well with you and the demographic of the prospective buyers.

Below is a list of the top-selling individual agents located in Hobart. To generate this ranking, we examined volume of sales conducted in the 2018 calendar year by each individual agent.

To start to create your shortlist of top agents in your area, click here.

Agent Performance Statistics

There are lots of articles out there claiming to have the most up-to-date information on the performance of the Australian property market, however, Hobart is often overlooked and performs differently from the rest of the country. 

We’ve sourced Hobart-specific data and believe there are 2 key metrics that provide a clear picture on where things currently sit in Hobart.  They are:

  1. How long it is taking for property to sell (days on market) and,
  2. What level of discounting is required to secure a sale.

Current CoreLogic data on these areas is outlined below and compares Hobart with the rest of the country.

Days on Market

The listing time of Hobart property is rising due to low transaction volume with fewer active buyers in the Hobart property market. However, the trend is expected to turn to the positive in the coming months as buyers have slowly regained their market confidence.

The median days of the market of Hobart have more than tripled in 2019 compared to 2018 from a short 11 days in 2018 to 35 days in 2019.

Average Days On Market Hobart

Corelogic – Property market chart pack  Median vendor discount Aug-18 vs Aug-19  

Vendor Discounting

Hobart housing market has slowed down significantly, which has driven vendors to offer more significant discounts to secure a sale. In August 2019, Hobart properties receive on average a discount of 4.2% – a moderate increase from 3.4% discount rate in August 2018.

Average Vendor Discount Hobart

Corelogic – Property market chart pack  Median vendor discount Aug-18 vs Aug-19  

Property Market Trends – Hobart

Whilst we believe that selecting the right agent vs. an agent inexperienced at selling property like yours can cost you tens of thousands of dollars, we are the first to admit that there are some things that an agent can’t control.

These broader market factors should be considered when deciding when to sell your property along with your individual circumstances.

We’ve looked through CoreLogic’s data, one of Australia’s leading property data providers, to give you these property market data insights.

CoreLogic Index Price Changes

Source: CoreLogic, updated daily, 19th November 2019

CoreLogic also produce monthly update videos on the Australian property market. We’ve placed the latest video on the national housing market below.

Real Estate Agent Fees Hobart

When you’ve decided on your agent and understand the market you’re about to sell into, the next question on most people’s minds is, “how much will it cost to sell my property?”

The main costs when selling a property in Hobart are:

  1. Marketing Costs: as standard, advertising fees are usually paid up-front, but it can be negotiable based on your personal situation. Just to advertise your property online, expect to pay $300 at the cheapest and $400-$600+ for premium advertising tiers, which involve extra photo slots and larger ads. Don’t forget that online advertising is just one part of marketing your property. Remember to factor in fees for photography, brochures and even the signboard out front. Many agents in Hobart still recommend print advertising, such as inclusion in the weekly real estate lift-out in The Mercury.
  2. Agent Commission: this is agreed upon at the time of agent appointment and paid upon settlement. Agent fees in Hobart generally range between 2% to 3.5%, depending on location, property value and commission structure.  If you would like to see average fees per postcode, look here.
  3. Conveyancing/Solicitor fees: yhese tend to be less in Hobart than the rest of the country as the Real Estate Agent provides a standard contract for sale, not the vendors solicitor.  It is also up to the buyer (and their conveyancer/solicitor) to conduct and pay for most of the searches that are usually required (e.g. title search and council searches).  The vendor’s solicitor will manage the settlement process and any legal queries from the prospective buyers, and you can expect to pay between $600 – $1200 for this service.

We are believers in ‘you get what you pay for’. If you skimp on marketing, fewer people will see your property and it will be harder for the agent to create competition amongst buyers (which is what can drive the price up).

As for the commission, we certainly agree that you should negotiate, and talking to two or three agents will help you understand what is reasonable commission to pay for the sale of your home.

One question to ask yourself though,

“Can you be confident that the agent who dropped their commission to secure your listing will be the one to negotiate hard with the buyers?”

For further information see our article on fees and commissions in Tasmania.

Real Estate In Hobart

Hobart is the capital city of Tasmania. Situated on the Derwent River, the city CBD resides on the western side of the river. Tasmania is famous for its produce, particularly in seafood, wine and dairy.

The real estate landscape in Hobart has been of particular interest as investors scramble to buy in the area. Its recent historic data indicates a booming market that flies in the face of downturns in property values.

Of particular note are suburbs near or on the Derwent River that present ease of transport to the city, good services and river views. Suburbs such as West Hobart, South Hobart, Sandy Bay and Bellerive have been experiencing particularly high amounts of growth as the number of jobs in Hobart expand and new families and retirees move in.

In a booming market, it’s important you select your agent very carefully. Seller’s markets can attract agents that are there just to ride the wave of high property values and collect an easy payday. Select an agent that has been in the industry for some time, has a good track record of going above and beyond, and works well with you. If you want an idea of top-performing agents in Hobart, have a look here.

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