Property managers play a vital role in the residential property market by linking landlords with tenants. There are currently 2.3 million rental households in Australia, with an estimated 6.0 million residents. Most of these tenants are managed by property managers on behalf of landlords. Property managers charge a fee, taken as a percentage of the rental income. Over the five years through 2014-15, industry revenue is forecast to grow at annualised 6.1% to reach $3.6 billion. Declining affordability for most of the period and higher housing prices supported this growth.
Firms in this industry lease and manage residential real estate, or other property that they do not own, on behalf of clients.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.