There has been a promising trend in the home of the Great Barrier Reef, with property prices continuing to rise over the last 12 months by 4.5% in the housing market and 2.4% for units. In the state capital, Brisbane, house prices have risen, whereas unit prices have slightly dropped. This should come as no surprise, as high-rise construction has been prominent. Noosa Heads has proven itself to be a very desirable holiday destination, with the sunny surf town reaching a record highest price of $6.5 million over the year, indicating that property management fees in the town may be falling accordingly.
A property management fee of 1 – 4 weeks rent to start with, and 5 – 10% from then on is to be expected in Queensland. Although in rural and regional areas, like Townsville, a ferry ride from Magnetic Island, it is standard practice for property management fees to be higher, due to a lower number of agents in the area and lower property fees. This causes agents to attempt to make listings more worth their while, in compensation for the total price and fewer listed properties.
The best way to set your fee expectations is to compare real estate agents with AgentsCompare. It’s an online service that’s 100% free and has no obligations, allowing you to request free quotes from agents in your area and compare their fees, service and experience. Register your property now to hit the ground running in today’s competitive market.
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