Everything you need to know about finding a reputable and experienced buyer’s agent in Hobart.
Hobart’s property market, just like the real estate market in every other Australian capital city, is highly competitive. With the southern city boasting a median dwelling price of $355,000, savvy home buyers are always on the lookout for ways to save money and gain even the slightest advantage over other house hunters.
One great way to do that is to find an experienced buyer’s agent who can help you find the perfect property and then negotiate a great price on your behalf. Read on to discover how you can find a trusted and reputable buyer’s agent in Hobart.
How to choose the right buyer's agent
If you’re hunting around for a buyer’s agent to help you buy your next property, it’s essential that you first conduct extensive research before making a choice. Compare the services and fees of a range of agents, ask questions about their skills and experience, and request proof of their qualifications and knowledge of the local market.
How much does it cost?
There are two main ways in which buyer’s agents calculate their fees:
- Some charge a flat fee, which typically ranges from $4,000 to around $12,000
- Others calculate their fee as a percentage of the purchase price of your property. Most charge a fee of 1% or 2%, but some buyer’s agents will go as high as 3%. With this in mind, for properties at Hobart’s median dwelling price of $355,000, fees will usually range from $3,550 up to $10,650.
You should also be aware that different agents require payment at different times. While there are some agents that only charge a fee once you have purchased a property, others require you to settle part of your fee with an upfront payment.
There's plenty more in our guide to buyer's agent fees
What is the median dwelling price of a property in Hobart?
As of 31 March 2017, Hobart’s median dwelling price was $355,000. While this figure made it the most affordable of all Australian capital cities, it also represented a whopping 10.2% rise in the Hobart median dwelling price in the past year.
This is a clear indicator that the Hobart property market is heating up and shows that if you want to gain a competitive edge over other home buyers, finding a good buyer’s agent could make a critical difference.
Popular Hobart suburbs to buy a property in 2017
Median sales price: $626,500
A hilly suburb just to the west of the Hobart CBD, West Hobart is an inner-city suburb increasing popular with buyers. The median house price in West Hobart of $626,500 has risen 25.3% in the past 12 months.
Median sales price: $315,000
Moonah is found 5km north of Hobart’s CBD and boasts cafes, restaurants and a farmers’ market. Its median house price of $315,000 has risen 9.1% in the past 12 months.
Median sales price: $800,000
Located on the banks of the Derwent River, Sandy Bay boasts some of Hobart’s most expensive real estate. Its median house sales price of $800,000 has increased 14.9% in the previous 12 months.