How to become a Property Manager

Property managers manage and supervise the letting of commercial, residential, industrial and retail rental properties on behalf of their owners.

Personal requirements of a Property Manager

  • Good communication and negotiation skills
  • Good presentation and a pleasant manner
  • Able to work independently
  • Excellent organisational skills and attention to detail
  • Good working knowledge of the local area

Education & Training for a Property Manager

To become a property manager, you usually have to complete a nationally accredited short course or a VET qualification. As subjects and prerequisites can vary between institutions, you should contact your chosen institution for further information. You can also become a property manager through a traineeship. Entry requirements may vary, but employers generally require Year 10.

Duties & Tasks of a Property Manager

Property managers:

  • market vacant properties for lease and organise viewing sessions for prospective tenants
  • 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 bond and rent monies from tenants
  • 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.

Working conditions for a Property Manager

Property managers often work irregular hours, including weekends. This occupation involves a great deal of contact with the public and with associated professionals, such as builders, plumbers and electricians.

Employment Opportunities for a Property Manager

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.

Avg. weekly wage:

$1,150

Future growth:

Moderate

Employment by state:

ACT ACT 1.6%

NSW NSW 31.5%

NT NT 1%

QLD QLD 25%

SA SA 5.9%

TAS TAS 1.3%

VIC VIC 22.4%

WA WA 11.4%

Hours worked:

43.6

Unemployment:

Lower unemployment

Gender split:

Male 49.2%

Female 50.8%

Education level:

Not completed Year 10: 1.3%

Not completed Year 12: 10.4%

Highest qualification is secondary school: 19%

Highest qualification is a Certificate 3 or 4: 19.8%

Highest qualification is a Diploma or Advanced Diploma: 16.9%

Highest qualification is a Bachelor degree: 25.1%

Highest qualification is a Postgraduate Diploma or Graduate Certificate: 7.6%

Age brackets:

15-19 - 1.4%

20-24 - 7%

25-34 - 23.2%

35-44 - 23.8%

45-54 - 21.2%

55-59 - 8.8%

60-64 - 6.9%

65 and Over - 7.7%

*The data above is sourced from the Department of Employment’s Job Outlook website.

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