The REIT stats for August have been released. (Real Estate Institute of Tasmania www.reit.com.au ) There is promising news for investors.
Vacancy rates dropped in Launceston to 2% and remained the same in Hobart at 2.9%.
Average time for an agency to rent a property in Launceston was as follows
Less than one week: 25%
1 – 2 weeks: 62.5%
Greater than 2 weeks: 12.25%
Average time to rent a property in Hobart was as follows
Less than one week: 10%
1 – 2 weeks: 44%
Greater than 2 weeks: 46%
If we can help you with any of your property management needs in Launceston or Hobart - please let us know! Phone Elephant Property today on 03 6334 6399 (Launceston) or 03 6223 2011 (Hobart).
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