How much are property management fees?

Property management fees in Australia vary by location and the services provided, but typically, they range from around 5% to 10% of the rental income. This fee can cover various services like finding tenants, collecting rent, conducting inspections, handling repairs and maintenance, and managing tenant inquiries.

In major cities like Sydney and Melbourne, fees might be on the higher side, closer to 7% to 10%, due to higher demand and property values. In regional areas or smaller cities, fees might be lower, around 5% to 7%.

Some property managers may also charge additional fees for services such as lease renewal, tribunal representation, or marketing expenses for listing the property. It's important for property owners to review the management agreement carefully to understand all potential charges.

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