With a third of Australia’s land mass, Western Australia provides the perfect opportunity to find the home you want, and it seems that Western Australians are finding their perfect homes, because property prices are shooting up across the state by 6.3% for both units and houses over the 12 month period. In the sun-kissed state capital, Perth, resting on the banks of the Swan River, the housing market has seen a small slump, while units have been restrained with a flat result over the year. Historical trends indicate that property management fees will probably stay at about the same level as they are now.
In Western Australia, property management fees have been between 1 – 4 weeks rent as in initial cost, with a charge of 5 – 10% of the monthly fee continuing on afterwards. This number is likely to be higher in regional and rural towns, including inland Rosa Glen, near the Margaret River, where lower property prices and fewer competing agents will cause property management fees to rise accordingly, allowing agents a fair pay for their services. Metropolitan areas will typically see lower fees for the same reason.
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