Property owners in Sydney are rejoicing, and it comes no surprise, as the New South Wales capital shoots up to an unequalled median house price of $914 thousand and median unit price of $609 thousand.
The centrally located suburb of Pyrmont, with Darling Harbour and Cockle Bay, is representing over 14 thousand units, which is likely to entice some high quality, high density property management. In the southern suburb of beachside Cronulla, property prices are climbing steadily and auction clearance rates are reaching a staggering 83.8% for units in the 12 month period.
What you need to know about property management in Sydney
Property managers are responsible for looking after the day-to-day operations at and in your property. They are responsible for the managing of rent, tenants, maintenance among other things, in a wide variety of properties. In a rural property in south west Camden Park, it would be beneficial for property management to know where skilled labour and specific items may be, as they are scarcer than in metropolitan areas.
What to consider when finding the right property management for your property
- Property management requires several important skills, so make sure your prospective property managers can handle repairs, liaise with tenants, negotiate rent and know their legal obligations.
- Always look for what a property manager can offer your rental property; in affluent coastal suburb, Mosman, property managers should provide a high duty of care for high value properties.
- If you want to find out which property managers offer great services, compare them directly, as it is an excellent way to know what to expect.
Want to find a property manager in Sydney?
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