News Corp Australia Network
One of Tasmania’s finest homes has been brought to the rental market, so if you have the funds you can live here.
Vernon was built in 1878 and has been updated in a sleek, contemporary style with interiors that look like they were ripped straight from an architecture or design magazine.
The five-bedroom, three-bathroom Mona Street home is one of the few Tasmanian homes to sell for more than $5 million, achieving this feat in May 2021.
The current rental pitch describes the home as an “iconic residence.”
“It is rare to see a property of this size in such a prestigious address come up for sale in the Hobart rental market,” the company said.
“Words and pictures cannot fully describe the beauty of this home.”
Details: Overall gorgeous, Vernon is one of the best in Tassie
Dream homes of all shapes and sizes sell for top dollar.
No.11 Mona St, Battery Point features large formal and casual living rooms and a stylish eat-in kitchen with a long stone island bench.
The family room has a central fireplace that catches the eye.
The top floor has water and garden views and features a double bedroom with bespoke wardrobes, bathroom and study.
The master bedroom is pure luxury with its own marble en suite bathroom and dressing room.
For more information, please contact Edward Windsor.
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Meanwhile, Hobart’s vacancy rate fell to 1.21% in October, according to Prop Track’s latest rental figures.
This monthly decline of 0.18 percentage points was the largest among capital markets.
In the Tassie region, the vacancy rate was 1.03% in October, down 0.12 points from the previous month and down 0.52 points for the quarter.
Economist Anne Flaherty said tenants faced a tough situation in October, with fewer vacancies.
Mr Flaherty said vacancy rates across Australia had been on a downward trend for more than three years.
“With strong population growth and slowing new housing supply, this trend is likely to continue,” she said.
Figures from SQM Research show there were 373 rental vacancies in Hobart in October 2023, down from 455 a month earlier.
At this time last year, there were only 127 properties available for rent in Hobart.
SQM managing director Lewis Christopher said the prospects for rent easing were “very low” in a rental market where vacancy rates are tight in urban and rural areas.
He said he expected rent increases of 10 to 15 percent in the future.
“These increases will continue to run counter to the RBA’s objective of returning inflation to 2-3%,” he said.