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Real Estate Agents In Hobart
Considering selling your property in Hobart? We’re here to help. Below are the top agencies and agents near 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.
If you are wanting to buy property in Hobart, rather than sell one, then you should consider My Home Hobart – Buyers Agent Hobart.
Regardless of buying or selling, 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 selling real estate agents – click here.
Agents In Hobart
Change In Value
(Year To Nov 2023)
Change in Number Sold
(Year To Nov 2023)
Table of Contents
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
4.9 / 5 average rating of real estate agents in Hobart
From customer reviews
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 2019 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:
How long it is taking for property to sell (days on market) and,
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
Days on market is the time it takes to sell a property, from when it is first listed to when it is listed as sold.
The amount of time it takes to sell property trended slightly higher through the three months to October, with the median days on market nationally sitting at 30 days. Selling conditions are stronger year-on-year across the combined capitals, with the median selling time sitting at 26 days compared to 30 days in the same period of 2022.
Hobart’s days on market is 39 days, an increase from last year when it took 18 days to sell the property.
Source: Corelogic – Property market chart pack.
A vendor discount is the difference between the original listing price and the final selling price, usually expressed as a negative percentage rate. A smaller vendor discount indicates that the market is in a seller’s favour.
At the median level, vendors are now offering less of a discount on their property. The median vendor discount nationally was -3.6% in the three months to October, up from a recent low of -4.3% at the end of last year. However in Hobart it’s -4.6% versus -4.0% to the same period last year.
Source: Corelogic – Property market chart pack.
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.
Source: CoreLogic, updated daily, 12th November 2023
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:
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.
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.
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?”
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.