Property Management in Western Australia
Western Australia’s location, wonderful climate and encapsulation of Australian lifestyle have made it one of the most migrated to places in Australia, benefitting the property market greatly, as the last 12 months have shown with property prices skyrocketing 6.3% in units and houses.
The stunning capital, Perth, nestled between the Swan River is seeing a small decline in house prices, though unit prices have remained strong over the year, leaving unit leasing as a very promising investment option. The northern coastal town of Port Hedland has shown unbelievable strength over the year, where median house and unit prices have soared up 14.7% and 26.5% respectively.
What you need to know about property management in Western Australia
It’s important to realise that property managers have the potential to form long lasting partnerships with you, the landlord, so choosing a property manager wisely is strongly suggested. The role of property management can be described as forming the bridge between landlord and tenant, so communication is key.
There are various properties that property managers can take responsibility for, so make sure your agent has experience with your type of property; acreages in the coastal forests of Kalbarri may not benefit from an agent who deals with only metropolitan units.
What to consider when finding the right property manager for your property
- In the port city of Fremantle, property managers who can respond quickly to applications may prove useful, as applicants often apply for several properties, choosing the first offer that comes along.
- It’s very important to compare property managers, as the variety of properties will mean some agents are more suited to your property than others.
- Make sure your prospective agent is capable of taking responsibility for rent and tenants, maintaining the property and know their legal obligations.
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