Property Management Fees – Brisbane (QLD) + Fee Calculator

In Brisbane and throughout Queensland you will find a wide variance in property management fees. The largest ongoing cost is the management fee which is payable for the day-to-day management of the lease. This is usually charged as a percentage of the weekly rent and may also be referred to as the rent collection fee. The average fee in Brisbane is 9% though fees between 7% and 12% can be found throughout Queensland.

In addition to the management fee, a letting fee also applies. This fee is payable when the Property Manager is required to source a new tenant at the beginning of the lease. In Brisbane the letting fee usually equates to 1-2 weeks rent.

If you need more information on the types of fees and how they are structured in property management, look at our updated property management fees overview.

Property Management Fees Calculator – Brisbane (QLD)

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 is in the field marked ‘Other Fees’. This can include such things as annual statement fees, routine inspection fees, advertising fees etc.

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

Interested in getting a property manager? Have a look at our property management deals page.

Brisbane 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 Brisbane for the December 2018 quarter was $405, while the rest of the state was $370.

Letting Fee – A fee collected by the property manager in return for sourcing a new tenant for your property. In Brisbane and QLD, 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 Queensland, the fee can range between 7 to 12%, depending on the location and style of property. You can use the interactive map above to find an average management fee for your suburb.

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 Brisbane property collecting $405 a week, this would be somewhere between $1,400 to $2,500 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.

For access to current promotional property management packages from top property management agencies, look here.