Guide to Condensation & How to Prevent It
Property maintenance is one of the most important aspects of living somewhere, whether you rent or own a home. It includes tasks like keeping drains clear, cleaning the garden and clearing gutters. However, one aspect often overlooked as life gets busier is addressing damp patches that may start appearing on your walls and around your windows. This involves preventing condensation buildup in your home.
Suburb Profile: Sandy Bay
Suburb Profile: Sandy Bay, Tasmania
Nestled along the picturesque shores of the Derwent River lies Sandy Bay, a jewel in Hobart’s crown. Boasting an illustrious reputation for its opulent real estate and captivating blend of heritage charm and contemporary elegance, Sandy Bay is the epitome of prestige.
Sandy Bay Buyers Market Overview
Sandy Bay’s property market reflects its highly regarded status, with a median sales price of $1,250,000 for houses, $730,000 for townhouses, and $650,000 for units. Owner-occupancy rates stand at 61.5%, underscoring the suburb’s desirability and stability as an investment destination.
Investment Potential of Sandy Bay Properties
With its coveted status and enduring allure, Sandy Bay presents an enticing opportunity for property investment. The suburb’s enduring popularity, coupled with its affluent demographic, positions it as a promising prospect for investors seeking stable returns and long-term growth.
The median rent for houses in Sandy Bay is $650 per week, with a median yield 3%, with units receiving median weekly rent of $475, with a median yield of 4.3%
Location and Accessibility
Sandy Bay enjoys a prime location, merely a stone’s throw away from the heart of Hobart’s CBD. Situated just 2.5 kilometres from the city centre, residents relish the convenience of easy access to urban amenities. For those commuting, Sandy Bay offers excellent access to public transport to the Hobart CBD, and to suburbs further afield.
Local Attractions and Amenities
Sandy Bay is home to an array of local attractions and amenities catering to residents’ every need. From its vibrant village hub teeming with desirable boutiques, bustling cafes and restaurants to its serene parks and pristine beaches, Sandy Bay offers a lifestyle second to none.
For families, Sandy Bay boasts a selection of respected educational institutions, including the University of Tasmania’s Hobart campus and renowned private schools like Fahan and Hutchins. Additionally, the suburb boasts a wealth of essential services, medical clinics, supermarkets, and recreational facilities, ensuring residents enjoy unparalleled convenience.
The Sandy Bay Community
Sandy Bay is a vibrant tapestry of diversity, owing to its thriving student population and discerning residents. According to the 2016 national census, Sandy Bay’s population stood at 11,925 with a median age range of 20-29 years (no doubt due to the university), the suburb is also called home by professionals and childless couples.
Fun Fact
Sandy Bay is home to Australia’s first legal casino, the Wrest Point Hotel Casino and Long Beach, located in Lower Sandy Bay, was one of the first venues for horse racing. Now it is a popular and well-loved destination for walking alongside the waterfront in all-seasons, and a popular swimming and recreational spot in the warmer months with no horses in sight!
Sandy Bay is also where we, at CPPM, call home. Our office in Sandy Bay can be found in Magnet Court at the centre of the shopping precinct.
In summary, Sandy Bay encapsulates the essence of luxurious living, offering residents an idyllic blend of sophistication, convenience, and community warmth. Whether you’re seeking an investment opportunity or a place to call home, Sandy Bay beckons with open arms.
If you’re considering buying or investing in a home in Sandy Bay or one of the surrounding suburbs please get in contact with our Sales team via email, or give us a call to discuss your options.
If you’re an existing homeowner and are interested in listing your Sandy Bay property our Property Management team would be happy to chat with you about the process and our approach to property management.
Suburb Profile: Battery Point
Suburb Profile: Battery Point, Tasmania
Welcome to Battery Point, where history, charm, and modernity converge to create a truly captivating living experience in the heart of Hobart! Situated just a stone’s throw away from the CBD, Battery Point offers residents a unique blend of heritage ambience and contemporary convenience.
Battery Point Buyers Market
The median listing price for a house for sale in Battery Point is $1,600,000 which has changed -1.54% in the last year (2023 compared to 2024), and changed +18.51% within the last two years (2022 compared to 2024).
The median listing price for units for sale in Battery Point is $895,000, up 15.4% in the last 12 months (April 2024 compared to April 2023)
Investment Potential of Battery Point
With its prestigious reputation and enduring appeal, Battery Point presents a compelling opportunity for property investment. The suburb’s historic charm and desirable location command a median weekly rent of $625 for houses and $525 for units, and a healthy rental yield of 2.03%, making it an attractive prospect for investors seeking stable returns.
Location and Accessibility
Nestled within easy walking distance of Hobart’s CBD, Battery Point boasts unparalleled access to urban amenities and cultural attractions. For those looking to commute to the Hobart CBD it’s a fairly easy, and picturesque, walk into the city from most locations within Battery Point.
Battery Point’s Attractions and Amenities
Battery Point is a treasure trove of local attractions and essential amenities and a number of heritage features and architecture. From its quaint cafes and boutique shops to its lush parks and waterfront promenades, Battery Point offers endless opportunities for leisure and recreation.
At just under 2 km from Hobart CBD Battery Point is the perfect hub to experience the inner-city lifestyle with easy access to everything Hobart offers.
Battery Point is located right next to Sandy Bay (link to suburb profile) for access to major supermarkets, cafes, boutique shopping, and a diverse range of restaurants.
Whether you’re indulging in gourmet dining or exploring the area’s historic landmarks, Battery Point promises a lifestyle of sophistication and convenience.
The Battery Point Community
Battery Point is home to a small community, with a population of just over 2000 people, primarily inhabited by professionals, families, and retirees.
Fun Fact
Did you know that Battery Point is home to Salamanca Place, one of Hobart’s most iconic precincts? Explore the vibrant Saturday markets, galleries, and eateries nestled amidst historic sandstone buildings, and immerse yourself in the bustling energy of this cultural hub!
In summary, Battery Point offers residents a harmonious blend of heritage charm, modern amenities, and urban convenience. Whether you’re seeking an investment opportunity or a place to call home within close proximity to the Hobart CBD Battery Point is an excellent option.
If you’re considering buying or investing in a home in Battery Point or one of the surrounding suburbs please get in contact with our Sales team via email, or give us a call to discuss your options.
If you’re an existing homeowner and are interested in listing your Battery Point property our Property Management team would be happy to chat with you about the process and our approach to property management.
Suburb Profile: Kingston
Suburb Profile: Kingston, Tasmania
Welcome to Kingston, where urban convenience meets suburban lifestyle on the outskirts of vibrant Hobart. Situated a mere 12 kilometres from the CBD, Kingston serves as the gateway to the picturesque D’Entrecasteaux Channel region, and is located a stone’s throw from the bustling Kingston Beach area with its beach cafe culture and promenade.
Kingston Buyers Market Overview
As of June 2021, Kingston’s estimated population stood at 13,473, underscoring its status as one of Tasmania’s fastest-growing regions. With 67.3% of the population owning or buying their own homes, Kingston embodies stability and desirability in the property market.
The median listing price for a house for sale in Kingston is $735,000 (accurate as of April 2024), and the median listing price for a unit for sale in Kingston is $599,999 (as of April 2024).
Kingston’s Investment Potential
With its rapid growth and burgeoning community, Kingston presents an enticing opportunity for property investment, the suburb’s thriving market promises attractive returns for savvy investors.
Houses in Kingston receive a median weekly rent of $600 with a healthy median rental yield of 4.3%, whereas the median weekly rent for units is $485 with an even healthier rental yield of 4.6%. From these numbers, it’s clear that Kingston offers a lucrative investment proposition for those seeking to capitalise on Tasmania’s growing property market.
Location and Accessibility
Boasting easy access to Hobart’s CBD, Kingston provides seamless connectivity via public transport, ensuring stress-free commutes for residents. Whether you’re heading to work or exploring the city’s vibrant offerings, Kingston’s strategic location makes every journey a breeze.
Local Attractions and Amenities
Kingston is more than just a residential hub—it’s a vibrant community teeming with local attractions and essential amenities. From its lush parks and recreational spaces to its bustling shopping precincts, Kingston caters to every lifestyle need. The suburb boasts a plethora of supermarkets, medical clinics, and schools, ensuring residents enjoy unparalleled convenience and access to essential services.
For outdoor enthusiasts, Kingston offers an abundance of natural wonders to explore, including the renowned Blackmans Bay and Kingston Beach. Additionally, history buffs will delight in exploring the region’s rich heritage, dating back to its settlement in 1808.
The Kingston Community
Kingston is a melting pot of diversity, comprising primarily couples with children who relish the suburb’s family-friendly ambience. With a strong sense of community spirit and a laid-back lifestyle, Kingston residents enjoy the perfect balance of urban convenience and suburban tranquillity.
Fun Fact
Did you know that Kingston is home to the national headquarters of the Australian Antarctic Division? Embrace the cool allure of Antarctic exploration right here in your backyard!
In summary, Kingston epitomises the essence of modern suburban living, offering residents an ease of access to the CBD, a community, and natural beauty. Whether you’re seeking an investment opportunity or a place to call home, Kingston is definitely worth your consideration.
If you’re considering buying or investing in a home in Kingston or one of the surrounding suburbs please get in contact with our Sales team via email, or give us a call to discuss your options.
If you’re an existing homeowner and are interested in listing your Kingston property our Property Management team would be happy to chat with you about the process and our approach to property management.
Tax Time Deductions
Tax time is nearly here once more. So, if you’re a landlord in Australia, it’s imperative that you take control of the situation ahead of the October 31st deadline.
Preparing for winter and fire dangers
With winter well on the way, attention is turning to how we can prepare our homes for the colder weather. Low temperatures aren’t the only issue we face over June, July and August: fire hazards are a concern too.
Owner Obligations
Many responsibilities come with owning property and being a landlord. It’s not as easy as finding tenants and then walking away and hoping for the best. There are certain owner obligations you must know about and follow if you’re going to stay in good standing and avoid any sticky or unwanted situations and consequences.
Changes to Land Tax in Tasmania
The Tasmanian Government have recently made changes to land tax, with the hope of easing the cost of living pressures for families in Tasmania. With that being said, continue reading to find out more about the changes to land tax and what this means for you.
Minimum Standards For Rental Properties
The rental market in Australia has skyrocketed in recent years. Did you know that Australian households are now made up of almost one-third of renters?