The ever-stunning city of Perth, resting in the banks of the Swan River, has held onto a relatively strong year; although house prices have fallen slightly, unit prices have stayed even, despite the increased construction. Riverside South Perth, hosting the diverse Perth Zoo, has enjoyed growth of around 7% over the year, suggesting that property management fees may fall in the area. Next to Perth Airport, eastern suburb, Ascot, has grown in numbers, with over 1,500 houses and units calling it home.
What you need to know about property management fees in Perth
A property manager in Western Australia, and particularly Perth, will take anywhere between 1 – 4 weeks rent as an initial fee, and charge 5 – 10% as a continual fee, on average. In rural and regional areas, this fee may be higher, as lower property values, lower population density, and fewer competing real estate agents, mean a property manager may increase the fee. In metropolitan Perth and areas of high property value, the opposite is true, as agents tend to charge less due to a higher demand for rental properties, which means agents require a smaller property management fee to make a listing worthwhile.
What to consider when finding the right property manager for your property
- Never make a decision to go with a property manager on the basis of the property management fee; other services are often just as important.
- Properties in the opulent suburb of Subiaco, shadowed by the famous sports stadium, the Waca, may find an agent with an appropriate marketing strategy invaluable in finding the perfect tenants.
- Outer and regional suburbs can expect higher property management fees, as lower property prices and fewer agents in competition can cause fees to rise.
Want to find out what property managers are charging in Perth?
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