Property Management in the Northern Territory
The desert state has been on the receiving end of outstanding growth in the property market over the last 12 months, as median house prices have reached $530 thousand and unit prices have grown to $445 thousand. The state capital, Darwin, to the east of Kakadu National Park, has seen a slight decline in house price, while unit prices have remained the same even since this time last year.
In centrally located Alice Springs, the hub for Uluru visitors, has interestingly only had one property sold in the CBD in 12 months, with property owning holding on to investment. These statistics may mean that the property management field will change little.
What you need to know about property management in the Northern Territory
Property management roles often fall into different categories of specialisation, as there are several types of properties that need to be managed differently. Sprawled rural properties, like those found in Borroloola, near the Tropical Pellew Islands, require a different set of skills compared to the larger apartment complexes found in metropolitan Darwin. As the link between you and your tenant, property managers need to be able to effectively inform tenant and landlord of all relevant information. Consider which property manager meets your criteria before making a decision.
What to consider when finding the right property manager for your property
- In Alice Springs, the comparatively larger number of property managers means that it’s especially important to compare agents directly, to give yourself the best idea of what’s on offer.
- Property management often creates a long time partnership between landlord and agent, so don’t choose a property manager without serious prior consideration.
- For rural and regional towns, such as inland Mataranka, it may be beneficial to consider property managers who are able to advertise to a wider audience.
Want to find a property manager in the Northern Territory?
The easiest way to find and compare property managers in your area is with AgentsCompare. It’s a 100% free online service that allows you to request no obligation quotes from local property managers. Register your property online today and you can feel confident that you’ve made the most informed choice possible.
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