The Costs of Selling a Property in Tasmania — What to Budget For
The Costs of Selling a Property in Tasmania — What to Budget For
Thinking of selling your home in Hobart or elsewhere in Tasmania? One of the most overlooked parts of the process is calculating the true cost of selling. While your final sale price is important, knowing your expenses upfront helps you set realistic expectations and plan for your next move.
Here’s a breakdown of the key costs involved in selling a property in Tasmania in 2025.
1. Real Estate Agent Commission
This is typically the biggest expense. In Tasmania, agent commissions vary depending on location and agency but generally fall between:
• 2.5% and 3.5% of the final sale price (plus GST)
Many agents offer tiered or performance-based commission structures — meaning they earn more if they achieve a better sale price. Always discuss commission structure and value upfront, not just the percentage.
Example:
On a $700,000 sale with a 3% commission, you’d pay approximately $21,000 + GST.
2. Marketing & Advertising
A well-marketed property will attract more buyers and a higher sale price. Typical marketing packages range from $1,500 to $5,000, depending on how comprehensive the campaign is.
This may include:
• Professional photography
• Floorplans and drone footage
• Listing on realestate.com.au and Domain
• Social media advertising
• Brochures, signboards, video walk-throughs
Note: Marketing is often paid upfront or deducted at settlement — ask your agent what’s included.
3. Conveyancing or Legal Fees
You’ll need a licensed conveyancer or solicitor to manage the legal paperwork involved in selling. Typical fees in Tasmania range from:
• $800 to $2,000, depending on complexity
This covers the contract of sale, title search, disbursements, and liaising with the buyer’s representative.
4. Repairs, Maintenance & Presentation Costs
Before listing, you may want to invest in:
• Minor repairs
• Garden clean-up or landscaping
• Painting or cosmetic touch-ups
• Property styling or staging (typically $1,500–$3,000)
These can significantly impact your final sale price and time on market.
5. Moving Costs
Depending on where you’re heading next, you may need to budget for:
• Removalist services
• Temporary storage
• Cleaning services
Expect to pay anywhere from $500 to $2,500 depending on distance and volume.
6. Mortgage Discharge Fees
If you have a mortgage on the property, your lender will charge a discharge fee, typically around $300–$500. There may also be break fees if you’re in a fixed-term loan.
7. Capital Gains Tax (CGT)
If the property is not your principal place of residence, you may be liable for CGT. This applies to investment properties or secondary residences.
Always consult with your accountant to assess whether CGT applies and how much you may owe.
Summary: Estimated Costs to Sell a $700,000 Property in Tasmania
Estimated Cost
Agent Commission (3%)
$21,000 + GST
Marketing
$2,500 (average package)
Legal/Conveyancing
$1,200
Styling & Minor Improvements
$2,000–$4,000
Moving Costs
$1,000
Mortgage Discharge
$400
Total (approximate)
$28,000–$30,000+
Final Word
Selling a property is a big decision — and understanding the costs upfront ensures you’re financially prepared. With the right preparation and an experienced agent, you can minimise costs, reduce stress, and maximise your sale price.
Thinking of selling your home in Hobart? I’ll provide a free property appraisal and cost breakdown tailored to your goals. Reach out today!
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