Friday, November 11, 2011

REIT stats for September rental properties across Tasmania

The REIT (Real Estate Institute of Tasmania www.reit.com.au) stats for September have just been released. Vacancy rates increased slightly in Hobart to 3.1%, with Launceston remaining the same at 2.0%.

Average time for an agency to rent a property in Launceston was as follows
Less than one week: 27.3%
1 – 2 weeks: 54.5%
Greater than 2 weeks: 8.2%

Average time to rent a property in Hobart was as follows
Less than one week: 6%
1 – 2 weeks: 40%
Greater than 2 weeks: 54%

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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