Top-Rated Property Manager Sydney

Property Management Agency Servicing Sydney

Welcome to NextGen Property Management. If you are looking for a reliable, ethical and caring property management agency to look after your investment in Sydney, you have come to the right place. Our goal is to provide a hassle-free, personalised property management service, tailored to each landlord’s unique requirements.

At NextGen Property Management, we pride ourselves on providing top-tier property management services in most suburbs and areas of Sydney. Refer to our Service Area maps to see the areas we service. Our experienced team, led by the Managing Director and Licensee-in-Charge Chris Dimitropoulos, ensures property investments are managed with the utmost care and professionalism. NextGen is the highest google-rated property manager in Sydney and testament to that are our genuine google reviews which can be found at this location!

Contact the team at NextGen today either via email on chris@nextgenpm.com.au, or by calling on (02) 91999651 and pressing 1 or by clicking here to complete our contact form. The NextGen team would love to hear from you and you can call or get in touch any time, even weekends. You will not be disappointed.

Meet Chris Dimitropoulos and His Team

This is the NextGen Property Management Team!Led by the highly experienced Chris Dimitropoulos, the NextGen team is renowned for its expertise and success in managing properties in Sydney since 2018. Chris and his team have an extensive portfolio of properties under management and possess in-depth local knowledge, ensuring that both landlords and tenants receive exceptional service. For more details about our team click here.

Why Choose Us?

  • Top-Rated Service: NextGen Property Management is consistently rated as the top property management agency in Sydney, thanks to our commitment to excellence and customer satisfaction.
  • Experienced Team: With years of experience, Chris Dimitropoulos and his team have a proven track record of success in managing properties and providing top-notch service.
  • Local Knowledge: Our deep understanding of the Sydney CBD rental market allows us to offer insightful advice and effective management strategies.

Sydney Rental Market overview

The Sydney rental market is a dynamic and evolving landscape, reflecting the city’s status as a global metropolis and a hub for cultural, economic, and educational activities. Over recent years, the market has seen varying trends influenced by factors such as economic conditions, population growth, and changes in housing policies. Despite fluctuations, Sydney’s rental market remains robust, with high demand for rental properties, particularly in sought-after suburbs close to the CBD, beaches, and major amenities. Rental prices have experienced periods of both steady growth and rapid increases, largely driven by limited housing supply and strong demand from both local residents and international migrants in the post-covid era.

As a property manager and Sydney landlord, it’s crucial to understand the intricacies of different areas of the Sydney rental market to effectively navigate its challenges and opportunities. The market’s competitive nature and markets within markets, means that landlords must stay informed about current rental trends and tenant expectations to maximise their property’s rental yield. Factors such as proximity to public transport, schools, and lifestyle amenities significantly impact rental values. Additionally, the recent shift towards remote work has increased demand for properties with home office spaces and outdoor areas. By staying attuned to these market dynamics, property managers can provide strategic advice to landlords, ensuring their properties remain attractive to potential tenants while achieving optimal rental returns.

Sydney Rent Prices:

As of 2024, Sydney is the most expensive city to rent a house in, with median weekly rents at approximately $750 per week (with an annual change of 13.6%), whereas median rents for units in Sydney are $700 per week (with a annual change of 12.9% over the previous 12 months!), quoted by Mozo. In our experience, 

  • a typical 3 bedroom house in good condition in Sydney would range in price from $650 per week in outer rings (such as Campbelltown, Liverpool and Blacktown) all the way to $1000-$1500 a week in inner suburbs and lower North Shore, and
  • a typical 2 bedroom unit in good condition in inner ring suburbs and Sydney CBD would range in price from $600 per week all the way to $1500 a week depending on location and age.

Sydney Rental Vacancy Rate:

Sydney’s rental vacancy rate has been hovering around 1.5% to 2.0%, indicating a tight rental market with high demand.

Sydney Rental Yield:

In our portfolio, the gross rental yield for houses in Sydney is approximately 2.5% to 3.0%, whereas for units, the gross rental yield is slightly higher, ranging from 3.5% to 4.5% (and in pockets even higher than that).

Sydney Rental Market Demand Trends:

There has been a noticeable increase in demand for properties with home office space and outdoor areas, driven by the shift towards remote working arrangements. Proximity to public transport, schools, and lifestyle amenities continues to be a major factor influencing rental demand.

Sydney Population and Migration:

Sydney’s population growth, driven by both natural increase and international migration, contributes significantly to the strong rental demand. The city attracts a large number of international students and professionals, further bolstering the rental market. These statistics highlight the competitive nature of the Sydney rental market, underscoring the importance for landlords and property managers to stay informed and strategically position their properties to attract and retain tenants.

Sydney Walk Score

If you would like to see the walk score of your suburb/property, please refer to this location Walk Score Calculator  where you will be able to input your suburb. The higher the score, the better the rental opportunities for a property as tenant prefer close proximity to all major amenities and transport.

Sydney Rental Market Statistics and Sources

  • NSW Department of Communities and Justice Rental Bond Data: Provides comprehensive data on rental bond lodgements and refunds, which can be a useful indicator of rental market trends. NSW Rental Bond Data.
  • Domain Rental Report: Offers in-depth analysis and data on rental trends across Sydney. Domain Rental Report.
  • CoreLogic Market Trends: Provides detailed market analysis and property data, helping to understand the broader trends affecting the Sydney rental market. CoreLogic Market Trends.
  • SQM Research: Delivers detailed statistics on rental prices and vacancy rates, highlighting the competitive nature of the Sydney rental market. SQM Research.
  • Realestate.com.au Data Insights: Advertising engine that provides suburb rental market updates Rental Market Insights.

Greater Sydney by the Numbers (2021 ABS Census)

People 5,231,147

  • Male 49.4%
  • Female 50.6%
  • Median age 37

Families 1,380,176

  • Average number of children per family null
  • for families with children 1.8
  • for all households (a) 0.8

All private dwellings 2,076,284

Average number of people per household 2.7

Median weekly household income $2,077

Median monthly mortgage repayments $2,427

Median weekly rent $470

Average number of motor vehicles per dwelling 1.7

Why NextGen Property Management

NextGen Property Management stands out as a specialised Real Estate Agency, focusing exclusively on property management. Our exceptional team of skilled real estate professionals is committed to providing unmatched service, positioning us as the premier choice for property management in Sydney. Our unique edge? We’re landlords too, giving us first-hand insight and understanding of your needs!

Chris Dimitropoulos, founder of NextGen Property Management, posing for a professional headshot.We believe on quality over quantity! Today, NextGen has over 200 residential properties under management and we are always looking to expand with landlords and investors that appreciate quality of service. Our property managers Chris, owns a number of properties throughout Sydney and this is what he had to say when asked why Sydney landlords should consider NextGen as their property manager.

As a landlord myself, I understand the intricacies and challenges of property management firsthand. At NextGen, we’re not just doing a job; we’re fulfilling a mission driven by passion. We’ve built a team and established an agency that is process-driven, embraces cutting-edge technology, and maintains a culture where everyone is dedicated to excellence and personal care. We consciously manage our portfolio sizes to ensure personalised attention for each property, backed by robust support. This approach allows us to provide unparalleled service. For landlords seeking a property manager in Sydney, NextGen offers a unique blend of personal experience, professional commitment, and a genuine care for your property’s success.

If you have any questions about the Sydney rental market, or would like a second opinion about your rental property, please let us know today. We would love to hear from Sydney landlords who want to discuss their needs. 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 great team of property managers 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 ways we can help you!

 

 

References

Mozo: https://mozo.com.au/home-loans/articles/what-is-the-average-rent-in-australia

Greater Sydney 2021 Census All persons QuickStats: https://abs.gov.au/census/find-census-data/quickstats/2021/1GSYD

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