• Property Management South Melbourne

Property Management South Melbourne.
Your success is our success. We make what's important to you, important to us. MRE South Melbourne.

South Melbourne, a dynamic and appealing suburb is renowned for its unique mix of historical allure and contemporary elegance, offering a wide array of rental options that appeal to a variety of lifestyles and preferences. Just to South of Melbourne’s CBD and within easy reach of Port Phillip Bay and its beaches the suburb offers city style and sophistication on one hand and a lazy summer vibe on the other. Wide leafy streets lined with classic Victoria homes are a trademark along with a healthy dose of modern apartment options.

Both walkability and public transport are rated excellent, as is the extensive shopping and dining available, especially along Clarendon Street and in proximity of the indomitable South Melbourne market. Schools include Galilee Regional Catholic Primary School, South Melbourne Primary, South Melbourne Park Primary and within easy reach, Mac Robertson Girls High School, Melbourne Boys High School, and Melbourne Grammar School.

Few locations offer such a finely tuned balance between city bustle and village character.

South Melbourne Property Management Experts

Having made the commitment to an investment property, it’s vital that your decision now pays maximum dividends. The quality of life that you will enjoy for years to come depends on it, so we make it our business to understand that and represent your interests accordingly with our real service and real results promise.

To that end, how do we ensure the best, ‘real’ result? Tenant selection is vital. A long-standing, conscientious tenant is crucial to maintaining your rental income with minimal disruptions or drama. At MRE, tenants are carefully assessed for their suitability and most importantly, reliability. Proudly, our rental arrears have been close to zero for many years.

It helps that we also have the best tenants to choose from and this is where our award-winning marketing team steps up to the plate. Our unique, story driven advertising coupled with excellent photography and video tours showcase the property to a wider net of potential renters. We make the property as available as possible giving every prospect the opportunity to inspect via the open-for-inspections or by booking a viewing online.

In addition to achieving the best rental rates, minimising vacancy, choosing the best tenants and maintaining the condition of the property, we strive to ensure that our service levels to landlord and tenant alike are unparalleled in our industry. One of the reasons we believe MRE to be the best choice is that we load our rental portfolio managers with significantly less properties per person than the industry average – giving our team time to go the extra mile, respond swiftly, provide comprehensive and authentic information, and apply the attention to detail.

Wishing your agency was more proactive? It’s not hard to switch and we handle every detail; no charge. The team at MRE would love to hear from you to discuss your property and how our exceptional service and 30 plus years of experience can benefit you.

Our people are at the heart of MRE's premier service. Meet some of the leaders shaping our unique, real service.


If you're looking for real service & real results, contact us today.

  • Real Service

We’re real people who treat your investment as if it were our own. At MRE, superior service is not merely aspired to, but expected. We pride ourselves on our real communication with you. Call us and we’ll pick up or call you back shortly. With the personality to match, our property managers go above and beyond to deliver the best service, every single time.



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Market Update

With the changing of seasons comes a fresh wave of opportunities in the real estate landscape. This Market Report serves as a compass, guiding you through the intricate trends, insights and possibilities that lie ahead.

  • Real Testimonials

“I have been with MRE now for a number of years as a property owner and recommend their services which are always professional and accommodating. Both the Sales and Property Management teams go the extra mile to ensure both the vendor/landlord and buyer/renter are well supported. Thank you MRE for your continued services.”

Warren Lynch

“I’ve been having their service for years, they never let me worry about small things. Senior profolio manager Nadine is super attentive and efficient with my new leasing contract. I would definitely recommend everyone for their professional services.”

Tiffany Yang

“We are currently with MRE who manage our rental property and they are very quick to respond to any enquiry, we also inspected a new property with Krystal today and she was very kind, punctual and helpful. Completely recommend this agency.”

Juan Agudelo

“Thank you again to Jamie and his colleagues for their exceptional service. I was particularly impressed with how Jamie went the extra mile to explain my options and help me choose the best solution for my needs. Their professionalism and responsiveness made me feel like I was in good hands throughout the entire process.”

Zhao Ling

  • Real Difference

We have implemented a raft of cutting-edge practices within our leasing divisions and are proud to have set an industry standard of excellence along the way. Let us show you the MRE difference today.

  • Switch to MRE

We make switching to MRE easy. There’s no additional fees or charges and we take care of the process for you. We’ll answer all your questions and transfer your property under MRE management swiftly with minimal interruption.

Call MRE Today

Meet our Business Development team

  • Frequently Asked Questions

What are our fees?

At MRE, we tailor our fee structure to you and your property. Our management fees are typically between 4-8% plus GST of the rent collected. We recognise that managing a property that rents for $1000 per week does not require double the effort of managing a property that rents for $500 per week. Get in touch with one of our Liveability Experts today so we can optimise a package that suits your property.

Do I need a Portfolio Manager?

The vast majority of owners prefer to have one for a variety of reasons. A good Portfolio Manager will guide you through the rental regulations, maximise your rent, find and retain the best tenants, and handle the day-to-day operations of the property, such as maintenance, inspections, and dealing with problems that require a legal resolution.

What happens if the tenant doesn’t pay rent?

A tenant may be issued a notice to vacate if they are more than 14 days late on their rent. This is then cancelled if they pay. If they are late five times in a 12-month period, the notice to vacate will still be valid.

How often can the rent be increased?

Rent can now only be increased once every 12 months, rather than every 6 months, as was previously the case. If you want to raise the rent during a fixed-term rental agreement, the amount and method of calculation must be specified in the rental agreement. We will conduct an annual rental review to ensure that your property is performing.

How much is a bond and where is it kept?

If the weekly rental amount is less than $900, the bond is set at one month’s rent. If your weekly rent is more than $900, you can request an extra amount. You can also request a higher bond if the tenant wishes to make changes to your property – but not if they have a pet. The Residential Tenancies Bond Authority (RTBA) in Victoria holds the bond as security until the end of the residential tenancy agreement, or lease. Any money raised goes towards running the Victorian Civil and Administrative Tribunal. The bond can be released to the tenant or landlord, only after both parties sign a bond claim form. The tenant is not permitted to use any of the bond money in lieu of rent.

What happens if something needs to be repaired?

Repairs are the responsibility of the owner unless the damage was caused by the tenants. Urgent repairs, such as dangerous electrical faults, gas leaks or serious water leaks, blocked or broken toilets, or the failure of an essential service, such as hot water, must be made right away. If you do not respond promptly, the tenants will be able to organise and pay for the repairs themselves. You then have seven days to reimburse the renter for the expenses incurred, up to $2500. Non-urgent repairs must be completed within 14 days of a written request. Your tenants must continue to pay rent while repairs are being made and are not permitted to withhold rent until the work is completed. They can, however, apply to VCAT to pay rent into a special fund until any repair dispute is resolved.

Can tenants have pets?

In most cases, yes. If a tenant would like to keep a pet at the property, they must first seek permission from you, as their landlord, by completing a Pet Request Form. You cannot unreasonably refuse this request and must apply to VCAT within 14 days of receipt of request if they wish to refuse consent for a pet. The matter will then be heard by a VCAT member, who will determine if it is reasonable for you to refuse consent or not. To date, practically all VCAT hearings regarding pets have gone in the favour of the tenants.

What are Minimum Standards?

Owners must now ensure their property meets minimum standards across 14 categories. Under these standards, rental properties must now have locks on all external doors and windows, bathrooms must have a washbasin and a shower or bath, and be connected to a reasonable supply of hot and cold water, and windows in rooms likely to be used as bedrooms or living areas must be fitted with working curtains or blinds. All rooms must have ventilation and there must be a fixed heater in good working order in the main living area. If the property does not meet these minimum standards, tenants can end their lease before moving in, or request an urgent repair. Click here to discover the 14 minimum standards that your investment must meet.

What are safety check obligations?

By law, electrical safety checks of all electrical installations and fittings, and all gas appliances such as heaters and stoves, must be checked by a licensed electrician and gas fitter every two years. You also need to keep records of safety checks conducted at the property. If these safety checks have not been conducted within the last two years at the time the tenant occupies the premises, the rental provider must arrange a gas or electrical safety check as soon as possible. Smoke alarms must be checked annually by a licensed electrician.

Can tenants make modifications without my consent?

From 2019, yes the tenants can make certain modifications to a rental property without the consent of the owner. However, they must reinstate the original conditions. (check Consumer affairs for details) at the end of the tenancy.

These include installing items such as:
• Picture hooks or screws for wall mounts, shelves or brackets on surfaces other than brick walls
• LED light globes which do not require new light fittings
• Low flow shower heads if the original shower head is kept
• A wireless doorbell
• Replacement curtains if the original curtains are retained by the tenant
• Adhesive child safety locks on drawers and doors

There are different specifications for properties that are listed under the Heritage Act 2017, and the rental provider must disclose to their tenant if the property is heritage listed prior to entering into a rental agreement.

For all other modifications, the tenant must obtain the owner’s permission before starting the work, and the rental provider must not unreasonably refuse these requests.

Can owners be fined for not complying with the new laws?

Consumer Affairs Victoria can issue infringement notices to owners if they breach the Residential Tenancies Act. This includes fines that are based on penalty units. A penalty unit is $184.92 for the 2022-23 financial year, but this amount is subject to change at the start of each financial year. For example, you can be fined 25 penalty units if you refuse to rent a property to someone because they intend to live there with a child. You can also be fined 60 penalty units if you take or dispose of a tenant’s property because they are behind on their rent. Click here to learn more.

Do I need landlord protection insurance?

Yes, we highly recommend taking out landlord protection insurance for a number of reasons.

Insurance covers some particular risks associated with renting out a property that may not be covered by a typical home and contents or strata title insurance policy.

Common features of a landlord insurance policy include protection against:
• Malicious or intentional damage to the property by the tenant or their guests;
• Theft by the tenant or their guests;
• Loss of rent if the renter defaults on their payments or the property becomes uninhabitable;
• Liability including a claim against you by the renter; and
• Cover for fixtures within the apartment such as carpet and window furnishings that are not usually covered by building insurance.

It is important to understand that not all policies are the same and you should be thorough in your choice of insurer.


Contact our South Melbourne team today.