Deciding between professional property management and self-management is a common consideration for Melbourne homeowners preparing to sell an investment property, or those vacating a primary residence. It involves weighing the time commitment against the potential cost savings.
As of December 2025, in Melbourne’s Eastern Suburbs, the process typically involves a property manager handling tenant communication, rent collection, maintenance requests, and lease agreements. Currently, full property management fees generally range from 7-10% of the weekly rent, plus a leasing fee (around one week’s rent). Self-management requires owners to undertake these tasks themselves, potentially saving on fees but demanding significant time. In 2026, prospective tenants increasingly favour properties managed professionally, perceiving greater responsiveness and adherence to regulations. Preparing a property for sale while self-managing can be particularly challenging, as maintaining tenant relations and coordinating inspections requires careful planning. Typical preparation costs for a property in areas like Balwyn or Doncaster, including styling ($2,000-$8,000) and professional photography ($500-$1,500), are consistent regardless of management style. Fletchers’ experience shows that well-maintained, professionally managed properties often present better to potential buyers.
Ultimately, the choice depends on an owner’s capacity and preference, with professional management offering convenience and potentially enhancing a property’s appeal to buyers in the current market.