Property Management Fees – Perth (WA) + Fee Calculator

There are two main fees payable to Property Managers in Perth. These are: a letting fee and a management fee. The letting fee applies to sourcing a new tenant at the beginning of the lease. In Perth and Western Australia, the cost generally equates to 2-3 weeks rent.

The management fee is more substantial and is usually a percentage of the weekly rent, payable for the day-to-day management of the lease. The average in Perth is normally between 8.5% and 11% though you can expect to pay more if leasing a property in regional or rural areas.

The services included in the management fee can vary widely from agency to agency so to avoid unexpected charges it is best to ask for a full list of inclusions/exclusions before deciding on a Property Manager.

Confused about the difference between management fees? We’ve updated our property management fees guide to include important information on types of property management fees and fee structures.

Property Management Fees Calculator – Perth (WA)

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.

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Perth 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 Perth for the December 2018 quarter was $365, while the rest of the state was $340.

Letting Fee – A fee collected by the property manager in return for sourcing a new tenant for your property. In regional WA & Perth, this is generally equivalent to 2-3 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 WA, the fee can range between 8.5 to 11%, 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 Perth property collecting $365 a week, this would be somewhere between $1,500 to $2,100 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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