August 10, 2026

Lessons for Best Practice in Property Management

Research paper

Residential property management is a core role within the real estate industry. Property managers support rental providers in the day-to-day management of their property, while ensuring that renters have a safe and comfortable home.

The aim of this paper is to explore pathways to professionalism, by identifying the opportunities available to lift property management practice. This paper forms part of a broader collaborative project between stakeholders from the Victorian real estate and community sectors to identify and champion best practice approaches to Victorian property management.

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In 2025, Consumer Policy Research Centre (CPRC), in partnership with Tenants Victoria, the Real Estate Institute of Victoria (REIV) and the University of Melbourne, was awarded a grant by the Victorian Legal Services Board Grants Program to work in partnership with stakeholders from the real estate and community sectors to identify, grow and champion best practice property management over a three-year period.

The first phase of the project involved establishing a multi-stakeholder committee (the Committee), bringing together representatives from CPRC, Tenants Victoria, REIV, the University of Melbourne, Barry Plant, Kolmeo, McGrath Estate Agents, and the Peninsula Community Legal Service.

This research paper forms part of the first phase and aims to inform the Committee on the mechanisms available to advance professionalism and formalise best practice in Victorian property management. CPRC conducted desktop research to outline these options, drawing upon academic, government, industry and not-for-profit publications from Australia, the United Kingdom, Hong Kong, Canada and the United States of America. The Professional Standards Councils’ research library was also a key source of reference.

This paper was produced as part of the 2025 Housing Justice grant | VLSB+C

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