When it comes to charging fees, there are fees that most people charge, and some that are charged over and above the standard but only by a small group of agents.
Guest post – Darren Hunter of DarrenHunter.com
Important to note:
All fees quoted are inclusive of GST. These fees are for unfurnished residential properties. We have not included ‘all-inclusive’ rates that were quoted by some agencies. The fees listed do not mean one agency charges them all, but instead different agencies are charging these fees. We’ve simply listed the very best fees we’ve seen, fee by fee.
Brisbane
Management Fees – 8.8% to 9.9% of all rents collected.
Letting Fees – 1.1 weeks rent (now that regulation has been lifted, we want to know if anyone is now doing better than this. We haven’t seen it yet but hope to see it soon!).
Internet Marketing Fees – $200.00 (Sadly still most agents charge nothing for internet marketing).
Lease Renewal Fees – 1.1 weeks rent.
Routine Inspection Fees – $38.50 each (very few agents in QLD charge for routine inspections).
Monthly Admin Fees – $8.50.
Annual Statement Fees – $30.00 per statement.
QCAT Fees – $110.00 flat fee plus costs.
Sydney
Management Fees – 8.8% of all rents collected.
Letting Fees – 2.2 weeks rent.
Internet Marketing Fees – $300.
Lease Renewal Fees – 1.1 weeks rent.
Lease Preparation Fees – $55.
Routine Inspection Fees – $40 each.
Monthly Admin Fees – $11.50.
Annual Statement Fees – $55.
NCAT Fees – $110 per hour/$260 flat fee plus costs.
Melbourne
Management Fees – 8.8% of all rents collected.
Letting Fees – 2.2 weeks rent / 4.4% of annual rent.
Internet Marketing Fees – $520 (Melbourne has the highest internet marketing fees overall).
Lease Renewal Fees – 1.1 weeks rent / 2.2% of annual rent.
Routine Inspection Fees – $50 each.
Monthly Admin Fees – $11.
Annual Statement Fees – $55.
VCAT Fees – $250 flat fee plus costs.
Adelaide
Management Fees – 11% of all rents collected in the Adelaide Hills and 9.9% in the metro area.
Letting Fees – 2.2 weeks rent.
Internet Marketing Fees – $295.
Ingoing Inspection Fees – $150.
Lease Renewal Fees – 1.1 weeks rent.
Routine Inspection Fees – $66 each.
Monthly Admin Fees – $16.50 (though we are aware of a SA Regional office successfully charging $22 for this fee).
Annual Statement Fees – $88.
Repairs and Maintenance Fees – 10% of all repairs conducted.
SACAT Fees – $132 per hour/$165 flat fee plus costs.
Perth
Management Fees – 9.9% of all rents collected.
Letting Fees – 3.3 weeks rent (several in the western suburbs).
Internet Marketing Fees – $380.
PCR Fees – Initial – Up to $450.
PCR Fees – Update– $250.
Vacate/Bond Inspection – $260.
Lease Renewal Fees – 1.1 weeks rent.
Routine Inspection Fees – $110 each.
Monthly Admin Fees – $16.50.
Annual Statement Fees – $88.
Court Fees – $110 per hour/$360 flat fee plus costs.
Are you charging even more than these fees? Let Darren know by email on wendy@darrenhunter.com so he can add this to future lists.
Can I request you email me the Rental Market updates please
Hi Sonja,
Absolutely! I’ll add you to our database so you’ll receive these updates going forward.
With thanks,
Lauren – Rent.com.au