Property Management Rates in Brisbane

Sim

Administrator

• 8th Feb, 2003

• #1

How much does your Brisbane property manager charge for managing a single property (as a percentage of one weeks rent including GST) ?

Not interested in how cheap you get it because of special bulk discount deals and such - what's their "rack" rate if you just walk in off the street ?

 

geoffw

• 8th Feb, 2003

• #2

7.7%

(Sorry, I posted this before the poll appeared)

 

Last edited: 8th Feb, 2003

L

Les

• 8th Feb, 2003

• #3

Where did this one come from??

I goofed !! You asked for "rack rate" including GST. and I voted as "rack rate" without GST - hope it doesn't upset your parameters

7.5% is "rack rate" which becomes something like 8.2x% after adding GST.


Can i "re-do" the poll? If so, how??

Regards,

 

K

Kevin Hockey

• 13th Feb, 2003

• #4

It has to be remembered however the rate is only one part of your cost, ie almost all agents charge an ongoing monthly petties charge of $5 plus gst, court costs, advertising and all sorts of extras. A higher comm rate can still be a cheaper overall nett amount if their "add ons" are minimal.

Kev

www.nundahrealestate.com.au

 

XBenX

• 14th Feb, 2003

• #5

damn its expensive up there !

any reasons for this ?

do they charge first weeks rent as a let fee ? or is that taken into account in the % fee instead

you can tell I only hold sydney properties hey

 

Sim

Administrator

• 14th Feb, 2003

• #6

Originally posted by XBenX
damn its expensive up there !

any reasons for this ?

Click to expand...

It's the same in most areas where property costs less than $500,000 for a tin shed.

Property managers can charge less for management in Sydney because rents are significantly higher - so they get more dollars anyway.

If you look at it as "on average, how many dollars does your property manager get for managing your property" - I would guess that it would come out reasonably similar - or maybe even higher in Sydney (becuase business costs would be higher in Sydney)

 

XBenX

• 17th Feb, 2003

• #7

good point - that would have been my guess - but i would of thought there must have been further issues

 

asy

• 17th Feb, 2003

• #8

Thanks to everyone who replied to this post, your votes have been very helpful.

asy

 

W

wylie

• 13th Jan, 2013

• #9

How come this thread is from 2003 but the poll closes in February 2013???

Am I in some sort of parallel universe?

 

geoffw

• 14th Jan, 2013

• #10

Wylie- that was me.

We like to close down polls after a period of time, when we notice it. But when they resurrect after a long time dead ill give it a little more time.

This one served its usefulness well and truly many years ago.

 

R

russellpeter

• 15th Nov, 2013

• #11

just come across this post old post interesting to see where they are at the moment.

must be closer to 7% than 8,5?