The Victorian capital, with its numerous attractions, including Crown Casino and the Melbourne Cricket Ground, has experienced a spectacular period of growth throughout the previous 12 months, with median house prices rising by a meteoric 6.6% and unit prices gaining 2.7%.
Picturesque Mt. Dandenong to the east has enjoyed very positive figures, where median house prices have lifted to $610 thousand, piquing the interest of property managers. In the northern cosmopolitan suburb of Brunswick, properties have been flying off the shelves, with 553 properties being sold in the last year.
What you need to know about property management in Melbourne
Property managers in Melbourne are able to fill a multitude of everyday roles, in anything from a Toorak mansion, to an apartment complex in the Docklands. One quality your property managers should have is responsiveness in finding a tenant, especially in areas like metropolitan Collingwood to the north, as it has a large number of properties, and many applicants will settle for the first one they are accepted into.
What to consider when finding the right property manager for your property
- Finding out the range and quality of services provided by property managers is important, and comparing them is the easiest way to see who’s right for your property.
- Never decide on a property manager without considering which of their skills may benefit you most; a property in Windsor may find property managers who market the appeal of shopping precinct, Chapel Street, to be useful.
- Make sure your property managers are able to effectively manage tenants, rent, repairs, and has a firm knowledge of their legal obligations.
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