This Moreton Bay rent roll comprises 103 managements generating $190,137 in annual management fees. The organically grown portfolio is described as geographically concentrated, with an average weekly rent of $509 and an average management fee of 6.90%. 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
103
Property mix
Not disclosed
Average weekly rent
$509
Location
Moreton Bay – North, QLD
Suburbs mentioned
Not disclosed
Income
Annual management income
$190,137
Other fee income
Not disclosed
Total income
Not disclosed
AAMI (per property)
$1,846
Average management fee
6.9%
Price
Price type
Fixed price
Price
$608,000
Multiple
3.2×
GST basis
Excluding GST
Sale details
Status
Sold
Staff
Not disclosed
Office
Not disclosed
Software
Not disclosed
Reason for sale
Owners are transitioning out of residential property management to focus on other commercial interests.
Listed
Not disclosed
Tender closes
30 Aug 2023
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.