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, lease agreements, maintenance requests, and rent collection. 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 impacting time available for preparing their own home for sale. In 2026, prospective buyers increasingly favour well-maintained properties, so consistent upkeep is vital. A vacant property still incurs costs like council rates, insurance, and mortgage repayments. Fletchers’ experience shows that a professionally managed property often presents better to potential buyers, demonstrating a history of responsible ownership. Marketing a property for sale while simultaneously managing tenants can be complex, particularly during peak selling seasons like spring. Typical preparation costs for sale, such as styling ($2,000-$8,000) and professional photography ($500-$1,500), require focused attention.
Ultimately, the choice depends on individual circumstances and comfort levels, but understanding the responsibilities and associated costs is key to a smooth transition.