How Much Does it Cost To Hire A Property Manager In Australia?

The typical range for a property manager's charge is 5–12% of the total weekly rent. This is something that varies considerably from one state to the next. What you may anticipate to pay for a property management, as well as the services they will deliver in exchange, are outlined below.

The typical property management cost in Sydney and the rest of New South Wales is between 5 and 12 percent. Higher fees are typical in rural locations, whereas cheaper rates are more common in the Sydney Central Business District and its immediate environs. Rates in Sydney and its suburbs typically range from 5% to 8%.

 In Queensland, property management fees may be anywhere between 7percentage points and 12 percent of the weekly rent. In Brisbane, a typical property management cost is about 9 percent.

It is common practise in Melbourne and the rest of Victoria to pay a property manager 5-10% of the total rent collected. On average, fees in Melbourne's inner suburbs fall somewhere about 6%.

Property management fees in South Australia typically range from 9 percent to 15 percent of gross rent collected from landlords. Most fees hover between 9 and 11 percent in the greater Adelaide region.

The average management charge in Perth is between 8.5 and 11 percent of the monthly rent. Costs tend to rise in WA's farthest regions. Property management companies in Perth may impose additional fees and charges on top of the property management fee and the renting fee, so it's important to inquire what those fees and charges will cover.

In the city proper of Canberra, property management costs average between 6% and 8% of the annual value of the properties being managed. Local ACT often has higher prices.

Management fees for rental properties in Hobart and Tasmania typically range from 5 percent to 10 percent of the gross rent collected from tenants. Properties located closer to Hobart and other major cities will often have a smaller property management cost, whereas those located farther out in the country would have a larger fee. Both the property prices themselves (which tend to be higher in urban locations) and the quantity of property managers in the region contribute to this trend.

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