This organically grown residential rent roll is concentrated in Perth’s inner south-eastern suburbs. The net component lists 215 managements generating $432,875 in annual management fees, while the hybrid component lists 157 managements generating $487,280 annually. The owners are moving away from residential property management to focus on other commercial interests.
Written by us from the broker's listing. Read the full listing on Pendium Advisory's site.
Key facts
Portfolio
Property type
Residential
Properties
215
Property mix
215 residential
Average weekly rent
$501
Location
Perth – South East, WA
Suburbs mentioned
Not disclosed
Income
Annual management income
$432,875
Other fee income
Not disclosed
Total income
Not disclosed
AAMI (per property)
$2,013
Average management fee
7.71%
Price
Price type
Fixed price
Price
$2,836,000
Multiple
3.4×
Hybrid multiple
2.8×
GST basis
Excluding GST
Sale details
Status
Sold
Staff
Not disclosed
Office
Not disclosed
Software
Not disclosed
Reason for sale
Owners transitioning from residential property management to other commercial interests.
Listed
Not disclosed
Tender closes
12 June 2024
Sold
Already sold when we first saw it
Broker reference
Not disclosed
Price and status history
First seen as sold15 Oct 2026
Information summarised from Pendium Advisory's listing. Last checked today. Always confirm details with the broker.