Mudgee Property Management Monthly Newsletter
May 2025
Greetings from Stacey’s Desk
The month of May has been an exceptionally busy one for our property management teams across all offices. We thought it was the perfect time to give you a glimpse behind the scenes at some of the work happening across our rental departments.
Over the past month, we’ve successfully leased nearly 60 properties, with the Mudgee portfolio leading the way in activity. Meanwhile, the Lithgow portfolio is performing strongly with a record-low vacancy rate of under 3%—a fantastic result as we head into the winter months.
Across all offices, we’re proud to report consistently low arrears, with over 95% of our tenants paying rent on time. These figures reflect the dedication and hard work of our team, and the systems we have in place to ensure smooth day-to-day operations.
Many of our landlords already know the value of tracking key performance statistics. Monitoring these metrics each month allows us to maintain a high standard of service and ensure we’re always working in our clients’ best interests. When managing large portfolios, consistency is key. Our commitment to following office procedures and focusing on the finer details ensures we’re always delivering the best possible outcomes.
Thank you for your continued trust and support.
Property Me Owner Profile
As a landlord, staying informed and organised is key to successful property management. With the PropertyMe Owner Portal, you have everything you need to manage your investment properties, all in one convenient and secure location.
Easily track rental income and expenses, access financial statements, and monitor upcoming or completed maintenance tasks. You can also view inspection reports and stay up to date with real-time information from your property manager.
Whether you own a single property or a growing portfolio, the Owner Portal helps you stay in control, streamline communication, and make informed decisions — anytime, from anywhere.
If you have any questions or concerns, please get in touch with your Property Manager.
Residential Tenancy Law Changes – Final Update: Selling a Rented Property
This is our final update in the series on the recent changes to residential tenancy laws, which came into effect on 19th May 2025. We’re happy to report that everything has gone smoothly so far—thanks to our preparation and the hard work of our teams across all three offices.
This month, we’re focusing on what landlords need to know if they’re planning to sell a rental property. The new rules depend on your tenant’s lease type and whether you want to sell with the tenant staying or with the property vacant.
🔹 Selling with a Tenant on a Periodic Lease
If your property is sold with vacant possession (meaning you want the tenant to move out before settlement), and the tenant is on a periodic lease, you can still give them 30 days’ notice from the date of the contract exchange.
✅ No change here—this rule remains the same.
Your property manager will help with this process.
🔹 Selling with a Tenant on a Fixed-Term Lease
If your tenant has a fixed-term lease, you cannot ask them to leave before the end of the lease.
The property must be sold subject to the existing tenancy, and the tenant can remain in the home until their lease ends.
If you still want vacant possession, you can give a termination notice to take effect after the lease ends:
- 90 days’ notice for leases over 6 months
- 60 days’ notice for leases 6 months or less
You must also provide proof of the sale, such as:
- A copy of the contract of sale, or
- A selling agency agreement.
🔹 Selling with a Tenant on a Periodic Lease (No Fixed Term)
In this case, you can give 90 days’ notice to the tenant.
The contract must state vacant possession, and the tenant must receive proof of the sale, just like the above scenario.
🔔 Before Listing a Property for Sale
You must give your tenant 14 days’ written notice before the property is listed for sale.
📌 This is separate from any termination notice and is required even if the tenant will stay during the sale process.
🔄 Tenant’s Right to Leave Early
If you issue a sale-related termination notice, the tenant can now choose to move out with just 14 days’ notice—without a break lease fee.
This gives them flexibility if they don’t want to stay through the sale.
🚫 Exclusion Period
If you use a sale termination to end a lease, your property will enter a 6-month exclusion period.
❗During this time, you cannot lease the property again.
This rule is designed to prevent misuse of sale termination notices.
If you’re thinking of selling your investment property, talk to your property manager first. We’re here to guide you through the new process and make sure everything runs smoothly—for you and your tenant.
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McGrath Mudgee & Surround's Property Management Team
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Maximise your investment potential. For over 30 years we have been refining the McGrath Leasing System to ensure we provide our clients with a distinct advantage.
Whether you are a first-time investor, multiple owner, or renting out your family home, our team is committed to delivering the best possible result.
Our Offices Reach Network Experience
Mudgee
79 Church Street, Mudgee NSW 2850
T: (02) 6372 2584
Rylstone
90 Louee St, Rylstone NSW 2849
T: (02) 6379 1955
Lithgow
71 Main St, Lithgow NSW 2790
T: (02) 6352 5125
Rural
79 Church Street, Mudgee NSW 2850
T: (02) 6372 2584
