PIA Property Management has outperformed industry expectations with its April data released recently. As one of Australia's largest direct property management companies and a leader in the Australian real estate industry for decades, PIA continues to set the bar high for property management standards.
A Robust Infrastructure
PIA manages a portfolio of over thousands properties and boosts a database of more than 25,000 tenants. This extensive database underlines PIA's significant influence and the market pulse catching.
Record-breaking Lease Activity
PIA shattered previous records in April 2024 again, conducting 773 lease inspections, averaging 26 inspections per day. A total of 129 apartments across various Sydney communities were successfully leased, with nearly 68% of them were tenanted units while deposit taken. These figures demonstrate PIA's systematic & scale advantages in lease management and the team's exceptional performance.
Competitive Rental Rates
PIA's professional team regularly reviews market rents for rental properties and provides landlords with rental proposal based on market price fluctuations. This proactive approach helps landlords better understand rental differences across various subsurbs, aiding them in making informed housing decisions.
Exceptional Customer Feedback
As of April 2024, the PIA Property Management team has received 804 5-star Google reviews. This stellar rating signals high customer satisfaction and trust in PIA's services.
Ultra-Low Vacancy Rates
Outstanding Vacancy Rate Performance
The table below showcases the top ten areas where PIA has outperformed the industry average in terms of vacancy rates:
|
Postcode |
PIA Rate |
SQM Rate |
|---|---|---|
|
2150 |
0.42% |
1.20% |
|
2142 |
0.45% |
0.60% |
|
2112 |
0.47% |
1.60% |
|
2020 |
0.23% |
2.40% |
|
2118 |
0.09% |
1.20% |
|
2145 |
0.07% |
0.90% |
|
2193 |
0.08% |
0.80% |
|
2121 |
0.00% |
1.30% |
|
2140 |
0.00% |
1.60% |
|
2205 |
0.40% |
1.40% |
In the face of a current housing crisis in Australia and a hot rental market with limited availability, PIA has achieved an ultra-low vacancy rate of 0.48%, significantly below the industry average of 1.20%. Specifically, in the postcodes 2145, 2121, 2140, and 2193, PIA has achieved exceedingly low or even zero vacancy rates, a testament to PIA's efficient property management capabilities.
Conclusion
The impressive data, particularly the significantly lower vacancy rates compared to the industry average, active leasing business, extensive property management and tenant database, positive customer feedback, and competitive rents in various suburbs, all affirm PIA's efficiency in property management. This provides confidence and assurance to property owners under management and potential clients.
If you're interested in Australian real estate, want to understand the current state of Australian property management, or are considering entrusting your property to PIA for management, please follow PIA’s social accounts and feel free to contact us. We will arrange for a professional and experienced manager to assist you.
