Property managers manage and supervise the letting of commercial, residential, industrial and retail rental properties on behalf of their owners.
Registration or licensing may be required.
Job Duties:
InAustralia, the job duties of Property Managersinclude:
Accept and list properties and businesses for lease, conducts inspections, and advises renters on the merits of properties and businesses and the terms of lease
Catalogues and details land, buildings and businesses for lease and arranges advertising
Market vacant properties for lease and organise viewing sessions for prospective tenants
Assess renters needs and locate properties and businesses for their consideration
Perform background checks of references, employment and rentals before selecting suitable tenants
Negotiate lease terms and conditions and ensure that they are observed
Collect and hold rent monies from tenants, and remit to owner on agreed basis
Monitor and address non-compliance with terms and conditions of tenancy and pursues rental arrears.
Manage other accounts and finances such as insurance and budget requirements
Arrange and perform regular property inspections
Monitor property condition and arrange for maintenance or repair
Advise on market rents and conduct rent reviews to assess the current rental price
Represent property owners at residential tribunal hearings
Employment Prospect
Property managers often work in the residential sector, but are also employed by corporations and financial institutions in areas such as retail and industrial property. Employment opportunities for this occupation vary depending on the state of the real estate industry. The property market is very sensitive to the general state of the economy and factors such as government policy and interest rates.
Employment Facts about Property Managers in Australia:
Future Growth: Strong
Full-Time Share: 75%
Average Hours: 43
Weekly Pay: AUD$1,161
Employment by state:
ACT: 1.7%
NSW: 31.8%
NT: 1.0%
QLD: 27.0%
SA: 5.7%
TAS: 1.5%
VIC: 20.6%
WA: 10.6%
Education Requirement
To become a property manager, you usually have to complete a nationally accredited short course or a VET qualification. You can also become a property manager through a traineeship. Entry requirements may vary, but employers generally require Year 10.
Education Level:
Postgraduate/Graduate Diploma or Graduate Certificate: 6.6%
Bachelor Degree: 18.5%
Diploma/Ad Diploma: 18.8%
Certificate III/IV: 22%
Year 12 and below: 20.2%
Related Course: Associate diploma orC3/C4 Certificate in Property Management; Bachelor of Business, etc
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