This portfolio comprises approximately 504 properties in Melbourne’s northern suburbs, primarily around Epping in the City of Whittlesea, with 497 residential and 7 commercial managements. Stated annual management and rent collection income is $552,972.51, with a further $82,252.18 in fees and charges. The offering also includes a small agency sales operation and mentions an 80sqm leased office.
Written by us from the broker's listing. Read the full listing on Real Estate Dynamics' site.
Key facts
Portfolio
Property type
Residential
Properties
Approx. 504
Property mix
497 residential, 7 commercial
Average weekly rent
Not disclosed
Location
Melbourne – North East, VIC
Suburbs mentioned
Epping
Income
Annual management income
$552,973
Other fee income
$82,252
Total income
$635,225
AAMI (per property)
$1,113
Average management fee
Not disclosed
Price
Price type
Fixed price
Price
$1,868,472
Multiple
3.3×
GST basis
Not stated
Sale details
Status
Sold
Staff
Not disclosed
Office
80sqm leased office; lease expiry 31 May 2024 with one three-year renewal option
Software
Not disclosed
Reason for sale
Not disclosed
Listed
Not disclosed
Sold
Already sold when we first saw it
Broker reference
1303620
Price and status history
First seen as sold15 Oct 2026
Information summarised from Real Estate Dynamics' listing (ref 1303620). Last checked today. Always confirm details with the broker.