Property Management Fees – Adelaide (SA) + Fee Calculator

In Adelaide property management fees are split into two main areas: letting fees and management fees. The letting fee is payable at the beginning of the lease if the rental agent has sourced a new tenant. In Adelaide and across South Australia the fee equates to two weeks rent, on average.

The management fee is normally a percentage of the weekly rent and represents the charge for the ongoing management of the lease (organising repairs, collection of rent etc.). Across South Australia it ranges from 9-15% with the average fee in Adelaide being approximately 9-11%.

The range of services included in this fee can vary a lot between agencies so be sure to compare closely otherwise you may find you are regularly hit with additional charges.

Still a bit confused about what these different fees mean? Read our guide on property management fees here to see what you need to pay and how it might be structured.

Property Management Fees Calculator – Adelaide (South Australia)

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’. 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.

Look here for package deals with some top-performing property management agencies.

Adelaide 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 Adelaide for the December 2018 quarter was $380, while the rest of the state was $260.

Letting Fee – A fee collected by the property manager in return for sourcing a new tenant for your property. In Adelaide and regional South Australia, this is generally equivalent to 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 South Australia, the fee can range between 9 to 15%, 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 Adelaide property collecting $380 a week, this would be somewhere between $1,700 to $3,000 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.

After a property manager? Have a look here for deals with agencies experienced in property management.