How Technology is Transforming the Rental Market

During a recent chat with LAFM’s Shayne, our Business Development Manager, Leanne, shared some fascinating insights into how technology is changing the way we rent, lease, and manage properties across Launceston.

1. The Market Snapshot
According to Leanne, the Launceston rental market remains steady, with a slight $10 per week increase in the median rent for three-bedroom homes. This growth is attracting more investors back into the market as rental returns continue to strengthen.

2. From Newspapers to Newsfeeds
Gone are the days of flicking through rental listings in the weekend paper. “Today, over 90% of tenants start their search online,” Leanne explains. “Platforms like realestate.com, agency websites, and even social media—especially Facebook and Instagram—are where most rental activity happens.”
She adds that virtual tours and 360° walkthroughs have completely changed the game, allowing renters to explore homes from their phones or laptops before ever stepping inside.

3. Smarter Maintenance
Technology is also improving how maintenance is handled. Many agencies, including Peter Lees Real Estate, now use online maintenance portals where tenants can log issues, upload photos, and track repairs in real time. “It makes the process more efficient for tenants and landlords,” Leanne says. “Repairs get sorted faster, and records are automatically stored for compliance.”

4. High-Tech Inspections
Even property inspections are becoming smarter. “Through our AI-powered inspection software, we can capture a whole room in one photo,” Leanne explains. “If we see something like a water stain on a ceiling, we can measure it accurately, log the data, and share it instantly with contractors.”
The system can even identify appliance models or wall colours, making replacements and repairs quicker and more accurate.

As Leanne says, “Landlords should be excited—property management has evolved, and we now have access to incredible tools that make renting smarter and more transparent for everyone.”