About the Business

Owned by current owner/s since November 2022 the portfolio has grown organically.

Total of 177 residential properties under Management consisting of 4 apartments, 19 flats, 72 houses, 15 townhouses and 67 units.

The average weekly rent is $559.32.

The average management commission percentage is 7.19%.

The Average annual management income is $2,080.08.

Annual Projected Management Income is $368,174.80.
 Current Vacancy Rate is 3.4%.
 Total number of outstanding maintenance items is 95.

5.00% of the Rent Roll is on Periodic Tenancy.

The ideal business investment is one that gives you the security of low-risk exposure through consistent revenue generation and reliable profitability regardless of the financial climate.
Property management has demonstrated an enviable resilience and stability rarely found in business these days.
The portfolio is 96.6% tenanted with negligible arrears and boasts an impressive average management commission of 7.19%.
The asking price represents a multiple of 3.0 times which ticks all the boxes for an outstanding investment:
 Strong sales team achieving impressive results and independent of the principals.
 Consistent and reliable rent roll with immediate capacity for growth
 Demonstrated resilience to major economic factors
 Stable and reliable profitability
 Well situated locations with ample capacity to sustain growth