Hobart Waterfront
Global Spotlight: Indulge in Tasmania’s Island State of Mind
On set of the Property Pod podcast.
By RISMedia Staff
T
his month, we turn the spotlight on Tasmania, the largest island of Australia, where Patrick Berry, director of 4one4 Property Co.—a member of Leading Real Estate Companies of the World® (LeadingRE)—shares his insights on the local market. Tell us about your company. Patrick Berry: Our origin story begins back in 2006, and since our humble beginnings, we have grown from a small team of three agents to a team of 28. We transacted over $94 million worth of property over the past 12 months and manage 850-plus rental properties across the Greater Hobart area. We are not here to follow the norm; we don’t conform to the perception of corporate real 62 June 2022 RISMedia’s REAL ESTATE
estate; and we certainly don’t follow the cookie-cutter approach. In-house, we design marketing strategies, produce podcasts, develop publications, create content, print signage, design apparel, build buildings, style homes, landscape property and host events. We get creative when connecting with homebuyers and sellers in order to build trust so that they know we can handle their greatest asset.
How would you describe your current housing market? PB: Our average home price is $500,000, and prices have been increasing by about 22% year-overyear for the past few years. As is the case in many markets, our inventory has been extremely low, but it’s starting to increase. We listed 43 properties in March, which equates to a nearly 110% increase on previous months. What types of properties are popular in your market? PB: Our mission statement is clear:
