Sydney Property Management Fees [2022 Guide] + Cost Calculator

Use our interactive map below to find out average property management fees in your suburb.  

There are two main fees payable to Property Managers in Sydney. These are: a letting fee and a management fee. The letting fee is payable to the agent for sourcing a new tenant at the beginning of the lease. In Sydney and NSW this generally equates 1-2 weeks rent.

The management fee is usually a percentage of the weekly rent, payable for the day-to-day management of the lease, and in NSW can vary from approximately 5-12%. Expect to find fees at the lower end of the range in Sydney and city areas and fees at the upper end of the range for rural areas.

Need more information on all of the different property management fees? We’ve updated our property management fees guide to include important information on fee structures and the types of fees you may encounter.

Average Property Management Fees by Suburb

Use the below interactive map to identify ongoing management fees in your suburb, just follow these two steps:

  1. First, Select “Renting” from the drop down in the top right-hand corner of the map, then
  2. Just enter your suburb’s name.

Note these amounts are exclusive of GST and provide an average only.

Enter suburb to view average agent fees for your area

Avg. Agent Fee (%)
  • 0.00% - 1.50%
  • 1.50% - 1.75%
  • 1.75% - 2.00%
  • 2.00% - 2.25%
  • 2.25% - 2.50%
  • 2.50% - 2.75%
  • 2.75% - 3.00%
  • 3.00%+
Avg. Agent Fee (%)
  • 0% - 5%
  • 5% - 6%
  • 6% - 7%
  • 7% - 8%
  • 8% - 9%
  • 9% - 10%
  • 10% +

Property Management Fees Calculator – Sydney (NSW)

Below you will find our Property Management Fees Calculator. Input the individual costs to uncover the annual property management fees you can expect to incur. The costs listed below are not a comprehensive list.

Before appointing your Property Manager be sure to ask them for a full list of possible additional charges and allow for this in the field marked ‘Other Fees’. This can include such things as annual statement fees, routine inspection fees, advertising fees etc. If you need some further information or estimations for these fees, have a look below the calculator.

$0.00

Annual Management Fees ($)

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Total Annual Fees ($)

Bear in mind, you may also have other costs associated with insurance and possible repairs and maintenance to your property. 

If you need a property manager, have a look at our deals page for top property managers in your area.

Sydney Property Management Fees List

Weekly Rent – Actual or estimated rent collected from the tenants of your property on a weekly basis. The median rent in Sydney for the March 2019 quarter was $520, while the rest of NSW  was $340.

Letting Fee – A fee collected by the property manager in return for sourcing a new tenant for your property. In Sydney and NSW, this is generally equivalent to 1-2 weeks rent.

Management Fee – Ongoing cost of managing your property paid to the property manager, and is usually expressed as a percentage of the rent. In NSW, the fee can range between 5 to 12%, depending on the location and style of property. You can use the interactive map above to find an average management fee.

Other Fees – This covers all other fees that you and/or your property manager may encounter while looking after the property and tenants. This may include annual statement fees, inspection fees, advertising fees and more.

Annual Management Fees – A summary amount that purely shows the management fee over the course of a year for your property. For a median Sydney property collecting $520 a week, this would be somewhere between $1,400 to $2,300 annually.

Total Annual Fees – These are your total fees for an entire year’s worth of property management, including the management fees, letting fees and any other fees you may encounter. It assumes that the letting fee and other fees are incurred annually, but your tenants may stay for a number of years. This would save you from paying multiple letting fees or advertising costs.

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