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  1. #1
    Join Date
    Nov 2011
    Posts
    445

    Default Property management fees in Sydney?

    Hey everyone,
    I'm doing research of property managers so that I can focus on finding more investment property.
    What are the average property management fees for residential properties in Sydney?

  2. #2
    Join Date
    Nov 2011
    Posts
    445

    Default

    hey all for those of you are are wanting to become an investor/landlord of a residential property, I've called around and I've found property managers tend to charge from about 6-8%

    I've found some regional managers however that cahrge up to 9-11% though!!

  3. #3
    Join Date
    Sep 2008
    Posts
    7,575

    Default

    what did we see the other day on this site

    25%? for a holiday home/rental in queenstown
    have you defeated them?
    your demons

  4. #4
    Join Date
    Nov 2011
    Posts
    445

    Default

    really? 25% management fee? What the!

    woudl that even give a positive cash flow for the investor..

  5. #5
    Join Date
    Nov 2011
    Posts
    445

    Default

    Iím still thinking about the 25% management fee. Which property management company or agent would charge such an outrageous fee?

  6. #6
    Join Date
    Feb 2013
    Location
    Sydney
    Posts
    15

    Default

    I have heard of a few people who are paying so much for property management fees. Though I have not heard about the 25%, but when I was doing my own research for a friend who wanted to rent out his property in Sydney, the management fee was about 8-10%, plus a reimbursement of the repairs. There was one who takes the first couple of weeks’ rent. He was going overseas for work, and he thought of just leaving asset idle thinking that he might not be able to earn money from rental income. However, after working out the numbers of projected expenses including self storage rental for items he needs to leave behind, the nett income was higher than expected. I guess, he did his research well on self storage prices, which worked out well for him.

  7. #7
    Join Date
    May 2013
    Location
    Queensland
    Posts
    30

    Default

    Yeah in QLD its 5% + gst for commission and 2.75 for management fees (which you can negotiate on). Take a good look though at all the hidden costs they may charge for on the agreement, like end of month statements, routine inspections, obtaining quotes, admin fees, court fees, insurance claim preparation.

  8. #8

    Default

    Pure Rental Property Management is looking to be in Sydney early next year and will have its Flat fees of $1249pa + GST

    currently only in QLD but working on it.

  9. #9
    Join Date
    May 2013
    Location
    Queensland
    Posts
    30

    Default

    Hi PureRentals. How do you charge this? Is it an upfront payment or do you charge per month?

  10. #10

    Default

    hi Jenni

    Its taken out of the weekly rent and reversed engineered into a %

    Eg $450pw rent = Management fees of 5.338% + GST or $24.02Pw + GST
    $650pw rent = Management fees of 3.695% + GST or 24.02pw + GST

    with the only other fee being one weeks Rent + GST to cover the let fee if the property becomes vacant.

    we work on the assumption that a $300pw property will take more time to manage than a $600pw property and with a percentage fee structure the owner is paying double management fees fro the property with the higher rent.


 

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