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About Property Management
You'll become
Average Salaries
Property Management workers may earn between $38,000 and $70,000 per year
Turn your natural organisational and management skills into an exciting new career by studying a property management course.
A person’s home is their castle, and with a qualified property manager, it’s in safe hands. Property managers deal with tenants and prospective tenants to manage all aspects of property leasing, helping homeowners successfully manage their assets and feel confident and secure in the way their properties are used.
Deciding whether to hire a property manager is one of the most difficult and emotional decisions a homeowner can make, and by studying a property management course, you’ll build the essential skills, knowledge and personal insights required to manage properties successfully and provide peace of mind to clients.
As a property manager, you’ll manage all aspects of leasing a property, including collecting rent, handling maintenance and repair issues, responding to complaints and queries from tenants, and pursuing evictions. You’ll draw on your organisational and critical thinking skills to skillfully manage and maintain a wide variety of residential and commercial properties, and offer comfort, security and confidence to the people who trust you with their most valuable assets.
As Australia’s property market tightens, skills professionals that can help people and businesses navigate competitive environments are in high demand. By studying a property management course, you’ll build the critical skills, experience and personal abilities required to thrive in a newly competitive market, help people meet their goals, and ensure their most valuable assets are managed with success.
What do property management graduates do?
After completing a property management course, you’ll likely work as a property manager. Property managers manage and monitor all aspects of the property management process, from managing applications for tenancies, to collecting rent and assisting tenants with enquiries and issues, to pursuing evacuations if necessary.
You can expect to perform tasks such as:
- Researching market trends and forecasts;
- Meeting with prospective tenants to assess their needs and identifying appropriate properties or businesses;
- Coordinating and organising open houses, meetings, inspections and showings;
- Assisting with prospective tenants to complete rental applications;
- Meeting with homeowners to assess and identify property management needs and plans;
- Accepting and listing properties and businesses for lease;
- Drafting rental contracts and specifying the terms of such agreements;
- Cataloguing and detailing land, buildings and businesses for lease and arranging advertising;
- Developing strategic marketing plans for advertising properties for lease and consulting with creative stakeholders;
- Monitoring, managing and addressing tenants’ compliance with lease terms;
- Collecting rent and paying relevant dues and fees;
- Managing property repairs and maintenance, including liaising with repair workers;
- Liaising with clients to answer questions, provide information and resolve problems;
- Pursing rental arrears; and
- Preparing reports and documentation for homeowners.
Career Outcomes
Career Outcomes
Graduates of property management courses work as property managers, real estate agents or business brokers, and may choose to work in a firm or independently. You may study a property management course as a certificate or diploma course.
After completing a property management course, you may seek employment as a:
- Property Developer
- Property Manager
- Asset Manager
- Portfolio Manager
- Business Broker
- Investment Trust Manager
- Property Consultant
- Property Finance Consultant
- Property Researcher
- Rural Property Broker/Consultant
- Sales and Leasing Negotiator
- Valuer
- Facilities Manager
- Facilities Maintenance Manager
- Risk and Safety Manager
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Is property management right for you?
You’ll thrive working in property management if you:
- Are highly organised and motivated
- Are a natural leader
- Have excellent administrative skills
- Love working with people
- Have excellent communication and interpersonal skills
- Are proactive and autonomous
- Enjoy problem-solving
- Like taking responsibility
- Are enterprising and persistent
- Work well with details
- Want a fast-paced and people-focused job
- Want to help people with your work
Job opportunities
According to the Australian Government’s Job Outlook, the property sector is large and growing. Employing approximately 88,900 people, the sector has grown consistently since 2005, with very high growth over the past two years, and Job Outlook predicts that trend will continue until at least 2020. Job Outlook predicts approximately 10,000 new real estate professionals will be needed by 2020, indicating the broad availability of roles in the sector across Australia, and the relative security of employment in property management roles.
Average Salaries
According to PayScale, property managers can expect to earn between $38,000 and $70,000 per year, with an average salary of approximately $49,000 per year. Up to half of a property manager’s salary may come from bonuses and commissions, in addition to a base salary.
PayScale notes that while earning capacity increases in line with experience, entry-level property managers can expect to command a competitive salary, with managers who have fewer than five years of experience earning on average $45,000 per year. Property managers with 20 years or more of experience earn on average approximately $57,000 per year.