There has been a lot of press regarding the property market in Tasmania and guess what, its all true, its booming down there on the Apple Isle. We have been following the data for sometime in Tasmania having had great success for our clients in the Hobart market, Launceston was next on the radar. One of our clients was looking to buy again and was keen to look at the Tasmanian market so we researched the northern Tasmania region and found a great property at South Launceston. This weatherboard 3 x bedroom, I x bathroom and 1 car garage sits on 491m2 of land and we were able to secure this for the client at $346,000. The property is in a great location close to the hospital, CBD and schools. The place needed some minor repair work and we installed a new front picket fence and side gate to ensure the property was pet friendly. Allowing your property to be pet friendly greatly assists in securing tenants and if you are specific with you tenant selection you should get people who appreciate the allowance of pets and will keep the place nice and tidy. Ensure a pet friend clause is inserted into the rental agreement will cover your investment against damage to yard and building from pets. We have established a great relationship with one of Launceston’s leading Real Estate Agents to manage the property which has secured a 12 month lease at $395 p/w. This real estate agent assisted in managing some renovation needs on the property that were required to ensure we achieved and appropriate rental yield.
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