If you're new to the industry, or if this is your first time, it might be challenging to determine how much you should anticipate paying or the estimated cost of property management. Property managers typically charge a commission of the weekly rent and GST for their services. Several factors may affect the amount you are set, and determining how to assess these fees can be difficult.
According to John Sage, one of these criteria is the location of your property. While property managers in Sydney charge an average of 5.5%, property managers in Melbourne charge an average of 6%, while fees in Perth easily reach the 8-10% range. Fees can also vary within a state, and it is not uncommon for large metropolitan areas to have cheaper management fees than outlying areas.
