Rent out Property in Hobart: Location, Location, Location
media

Baxton.me
7 February 2018

Rent out Property in Hobart: Location, Location, Location

When it comes to property, location is an important deciding factor that not only determines how easily you’ll find a tenant, but what you can charge in rent. The good news for property owners who hope to rent out property in Hobart is that it’s a sellers’ market. That is to say, you get to call the shots because it’s so easy to find tenants – but only up to a point.

If you’re hoping to take advantage of the high demand for properties to rent in Hobart as an opportunity to buy a property that more-or-less pays for itself, location will be high on your list of criteria. What should you look for?

Anything Near the Sea

Sea views, beach access, and enjoyment of the coastal lifestyle are big drawcards. We recently discussed the higher maintenance costs of seafront property, so bear this in mind when you choose an investment property. Your profits may not be all that they appear to be on the surface. Nonetheless, there’s no denying that finding tenants who are willing to accept relatively high rents is easier when you’re close to the sea.

Schools and Shops

While couples without kids or singles may not be put off by a home that’s relatively far from schools and shops, most families prefer convenient access to these amenities. Once again, it’s not only easier to find tenants, but also a location that allows you to command a higher rent. That’s particularly good news if you’re hoping to finance a mortgage through renting out a newly-purchased investment property. There are some excellent schools in Hobart, but your tenants won’t be able to send their children to them if they’re not zoned for them, so if you’re hoping to attract families with school-aged children, keep this in mind when choosing an investment property.

Top Areas in Hobart for Investment Property

Hobart as a whole is a great place to buy investment property, but if you want to rent out property in Hobart for top dollar, there are definitely some stand-out areas to look at. Battery Point and Sandy Bay are top spots – but property prices reflect that. North Hobart was tagged as a top area for investors back in 2013 and remains that way, but West Hobart is as good. Bellerive and Taroona are also proving hugely popular with investors and tenants. Nevertheless, it’s worth looking at some of the cheaper areas. Every suburb has its quiet streets and little suburban havens.

It’s true that tenants are scrambling for any properties to rent out in Hobart, no matter where they are located, but location still works in your favour when you’re looking to maximize your return on investment.

A Hobart Property Manager’s Perspective

Hobart property is a good investment. People on the mainland are queuing up to enjoy the Tassie lifestyle, but with employment scarce elsewhere in Tasmania, Hobart is the hub they’re gravitating towards.

Even so, there are definitely areas where you can command higher rentals, and that comes thanks to the location factors we’ve just discussed. If you’re considering buying a particular property in Hobart and would like to know what your rental prospects are, Baxton Property Management has the answers you’re looking for. Looking to rent out property in Hobart? Talk to us first.

 


RELATED ARTICLES

FOLLOW US

Apple News | Facebook | Google+ | Twitter | Instagram | LinkedIn


#1 – Australia’s Property Management Specialists

We hope you enjoyed this article

The information contained in this article is based on the authors opinion only and is of a general nature which is not indicative of future results or events and does not consider your personal situation or particular needs. Professional advice should always be sought relevant to your circumstances.

See more articles below

You May Also Like

Corrimal Anti-Wrinkle Skincare Treatment Clinic Features HIFU Natural Facelift In Wollongong

Corrimal Anti-Wrinkle Skincare Treatment Clinic Features HIFU Natural Facelift In Wollongong

People are Saying “No” to the Knife Says Beauty Expert It’s not just her own experience...

Baxton.me

31 Oct 2018

media
Corrimal Wollongong Anti-Ageing Skin Treatment Clinic Expands to Canberra With HIFU Ultraformer3 Technology

Corrimal Wollongong Anti-Ageing Skin Treatment Clinic Expands to Canberra With HIFU Ultraformer3 Technology

Case Study: Marketer Talks About Her Biggest Confidence Problem Corrimal, Wollongong, Illawarra, New South Wales, October...

Baxton.me

31 Oct 2018

media
Best Wollongong Skin Enhancement, Face Lift, Fat Freezing Body Tightening Clinic

Best Wollongong Skin Enhancement, Face Lift, Fat Freezing Body Tightening Clinic

Cosmetic Clinic Treatments Increasingly Popular Says Trained Nurse Corrimal, Wollongong, Illawarra, New South Wales, October 2018 Advances...

Baxton.me

28 Oct 2018

media
Wollongong Skin Care Clinic’s Cheap Ultraformer 3 HIFU Anti Ageing Rejuvenation Tips

Wollongong Skin Care Clinic’s Cheap Ultraformer 3 HIFU Anti Ageing Rejuvenation Tips

Signs of Ageing Affect Career Opportunities Warns Skincare Expert Corrimal, Wollongong, Illawarra, New South Wales, October...

Baxton.me

21 Oct 2018

media