Call for free independent agent advice
Enter your suburb to see exclusive deals from top property managers in your area.
Home › Property Management › Property Management Fees › Adelaide, SA
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.
Key Takeaways In Adelaide, letting fees are usually two weeks’ rent. Management fees range from 9% – 15%, with most agents charging 9–11%. Extra fees can apply for advertising, inspections, lease renewals, and more. Property management fees are tax deductible, according to the ATO, which helps reduce your end-of-year costs. Expect to pay $3,500–$4,500 per year for a median Adelaide rental, always ask for a full fee schedule before signing with an agent.
Key Takeaways
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.
These fees are always paid by the landlord, not the tenant. They’re considered a cost of owning an investment property.
The good news is that they’re usually tax deductible. The Australian Taxation Office (ATO) states that landlords can claim property management and letting fees as part of their rental property expenses.
So, while these fees reduce your rental income during the year, you can claim them back when you lodge your tax return.
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 $580 a week, this would be somewhere between $3,000 to $4,500 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.
After a property manager? Have a look here for deals with agencies experienced in property management.
Not all agencies include the same services in their standard management fee. Some charge extra for:
This is why you should always ask your property manager for a complete fee schedule in writing. An agency offering a “cheap” 7% fee might add on so many extras that you end up paying more than an 11% agency with an all-inclusive package.
Yes, many agencies are open to negotiation, especially if you own multiple properties.
You won’t pay a management fee during vacancy, but you’ll still pay advertising and letting fees to find a new tenant.
Rent collection, tenant communication, organising repairs, inspections, and financial reporting.
Usually one week’s rent, though some agencies include it in the management fee.
SACAT (South Australian Civil and Administrative Tribunal) handles tenancy disputes. Agents may charge for representing you at hearings.
Reach out to one of our knowledgeable team members below.
