Top-Rated Marrickville Property Manager

Property Management Agency Servicing Marrickville

NextGen Property Management stands out as the most acclaimed property manager in the Inner West and Marrickville areas. Their impressive journey spans over two decades, marked by significant achievements in real estate investment and management. Founded by Chris Dimitropoulos in 2017, NextGen is a Sydney-based agency, with a commitment to offer top-tier property management services.

Armed with a degree and an MBA from the University of Technology, the licensee-in-charge Chris Dimitropoulos is not only a licensed Real Estate Agent in NSW but also possesses an in-depth understanding of the industry, especially in Marrickville. His deep-rooted knowledge of the local market, honed from years of living in the area, distinguishes him as a leading property manager. Known for his dedication to excellence and utilising his extensive local insight, Chris consistently achieves outstanding results for property owners, ensuring they receive unparalleled service.

You can contact Chris now by sending him an email on chris@nextgenpm.com.au or by calling on (02) 9199 9651 to discuss your Marrickville needs.

Chris Dimitropoulos

Highest Rated Property Manager Inner West

Marrickville Rental Market

Nestled in the dynamic Inner West, Marrickville presents an eclectic mix of residential styles ranging from low to high density, alongside commercial and light industrial spaces. Its proximity to Sydney’s bustling CBD, coupled with an outstanding transport network, makes Marrickville highly attractive to both white-collar professionals and small business owners. The suburb stands out in the rental market, outshining nearby areas with its array of lifestyle choices and amenities.

Marrickville’s rental landscape is diverse, offering over 200 properties at any time, including traditional single-front or duplex homes (some without dedicated parking) and apartments varying from classic 70s red brick to modern designs. Rent for a 1-bedroom apartment ranges from $450 to $750 weekly, and a 2-bedroom is typically between $600 and $850. Houses, varying in age and condition, start at about $700 weekly, reaching up to $1000. These competitive rates draw a broad spectrum of tenants, enhancing property owners’ chances of finding dependable renters.

Marrickville Rental Market Trends

The Marrickville rental market has seen significant changes over the past year. As a property management agency deeply embedded in this vibrant community, we’ve observed several key trends that may impact both tenants and landlords:

  1. Fluctuating Vacancy Rates: The vacancy rate in Marrickville has been relatively stable at around 2.8%, but there are signs of slight increases in certain areas. Properties in the higher rent bracket, particularly those priced between $800 and $1,000 per week, are experiencing longer vacancy periods.
  2. Rental Prices: While the median rental price for a house in Marrickville is approximately $700 per week, there are notable variations across different streets and neighbourhoods. Areas closer to public transport and amenities tend to have higher rental prices compared to more suburban parts.
  3. Demand Shifts: There has been a noticeable decline in rental inquiries, which could be attributed to seasonal factors or a broader economic slowdown. Fewer people are attending open inspections, which suggests that the market might be experiencing a temporary dip.

Market Rental Statistics

To provide a clearer picture, here are some recent statistics on the Marrickville rental market:

  • Median Rent:
    • Houses: $700 per week
    • Apartments: $550 per week
  • Average Days on Market: Properties typically stay on the market for about 30 days.
  • Vacancy Rate: As of the latest reports, the vacancy rate stands at 2.8%.

For more detailed statistics, you can refer to the NSW Department of Communities and Justice Rental Bond Data.

Rental Market Useful Resources

For further insights into the Marrickville rental market and to stay updated on the latest trends, here are some valuable resources:

Suburb Profile

Established with its first land grant in 1794, Marrickville has grown to be the largest suburb in the Inner West Council area, celebrated for its diverse and dynamic culture. Along the Cooks River, it’s encircled by notable suburbs like Enmore, Newtown, Stanmore, and St Peters to its north, and Tempe, Earlwood, Dulwich Hill, and Hurlstone Park to the south and southwest. Just 7km from Sydney’s CBD, Marrickville is a multicultural haven with a strong bohemian and artistic flair, well-served by buses and trains. Its rich cultural tapestry is reflected in its community, where over 40% of residents are born overseas, with predominant ancestries being English, Australian, Irish, Greek, Italian, and Scottish, as per the 2021 ABS Census data.

Lifestyle

Marrickville stands out as a dynamic cultural centre, known for its independent art scene and a diverse array of cafes, restaurants, and global eateries. The area’s rich culinary landscape is enhanced by events at the Addison Road Community Centre and vibrant music venues like The Factory Theatre, Camelot Lounge, and Red Rattler, contributing to its lively atmosphere.

The suburb also excels in education, offering a range of public and private primary schools such as Marrickville Public School, Marrickville West Public School, and St Brigid’s Catholic School. Prestigious secondary institutions like Marrickville High School are renowned for academic excellence.

For shopping, Marrickville boasts multiple supermarkets, including Woolworths and Aldi, weekly farmer’s markets, bakeries, and delicatessens, solidifying its status as a haven for food enthusiasts.

Marrickville by the numbers (2021 ABS Census)

  • Population: 26,570
  • Males: 49.1%
  • Females: 50.9%
  • Median age: 37 years old
  • Number of Families: 6,678
  • All private dwellings: 12,127
  • Average people per household: 2.3
  • Median weekly household income: $2,170
  • Median monthly mortgage repayments: $2,600
  • Median weekly rent: $480
  • Average motor vehicles per dwelling: 1.2
  • Walk score: 80 – Very Walkable

Marrickville Property Manager? Why NextGen…

NextGen Property Mgmt (nextgenpm.com.au) is a Real Estate Agency that specialises in property management. Our team comprises many exceptional real estate agents who are dedicated to delivering unparalleled service, making us the best choice for property management in Sydney.  What sets us apart is that we are landlords ourselves! Inner West and Marrickville in particular are our playground, and we have had a strong presence in the suburb since our inception as a real estate agency.

With a substantial portfolio of rental properties currently under our management, we are always looking to add more as we love the demographic! Our property manager, Chris, has a deep-rooted connection to the area, having resided here for several years, and this is what he had to say when asked about the Rental Market in Marrickville:

“I lived in Marrickville as a tenant for a number of years, and very quickly fell in love with it. I love the lifestyle but more so the amazing transport system that Marrickville has to offer. These days, as a property manager, I have come to realise that, when combining lifestyle and access to the train line as well as numerous route buses, few suburbs fair better than Marrickville. 

That means that rarely properties stay vacant at Marrickville for longer than 2 or 3 weeks. At a recent first open for inspection on this delightful unit close to the Marrickville station, I had 25 parties come through and 3 applications submitted 3 hours later, on a grey Wednesday night. The amazing tenants moved in that Sunday and gave us a 5 star Google rating in the process! As a property manager, this was an amazing result and showed me the strength of the market.”

If you have any questions about the rental market, or would like a second opinion on your rental property, please let us know and our local property manager will be able to meet with you and discuss. Our advice to landlords looking for a property manager to manage their property, is to look for someone that has the capacity and headspace to care for their property, their tenant, and them as a customer. Our local dedicated property manager can certainly do that.

If you want to learn more about us just click here to organise a time for a chat, or call us on (02) 9199 9651. We would love to hear from you and to share our story.

References and Useful Links

TOP