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Management fee %? - Cairns

Discussion in 'Property Management' started by Greyghost, 15th Mar, 2016.

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  1. Greyghost

    Greyghost Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    1,262
    Location:
    Melbourne
    Hi Guys,
    Helping a family member rent his place out in Cairns.

    Location: Trinity Beach
    Dwelling: 4br house w double garage and nice outdoor area and pool. House is 4-5 years old I think
    He was quoted $460-$480pw. I guess that means nothing until the lease is signed...

    My question is this:
    What is the going rate for estate rental management fee for this area?

    He was quoted 8.8% today...

    Can anyone recommend an office and agent.....

    Any advice would be appreciated on this
    Cheers
    GG
     
  2. Kinnon Bell

    Kinnon Bell Finance Broker

    Joined:
    14th Jun, 2015
    Posts:
    478
    Location:
    Cairns
    8.8% is pretty standard for the area.

    Kyle Olufson of Rent City 07 4041 1241 knows his stuff.
     
  3. Greyghost

    Greyghost Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    1,262
    Location:
    Melbourne
    Cheers
     
  4. Chrispy

    Chrispy Well-Known Member Premium Member

    Joined:
    21st Jun, 2015
    Posts:
    300
    Location:
    Melbourne
    I use Chris Gay,
    Gay Real Estate Tel: 07 4031 3913
    m: 0418 773 702
    I have used this agency for many years.

    Chris
     
  5. MyPropertyPro

    MyPropertyPro SE Qld Property Management & Investor Services Business Member

    Joined:
    1st Jul, 2015
    Posts:
    230
    Location:
    Australia
    I just checked with a good friend of mine who has worked as a PM in Cairns for 14 years and he confirmed that yes 8 percent plus GST is standard for the area. He is great at his job and very knowledgeable; Ben Lee Long, TCM Rentals 0428122822.
     
  6. JenJen

    JenJen Well-Known Member Business Member

    Joined:
    20th Jun, 2015
    Posts:
    91
    Location:
    Cairns & Townsville, North Queensland
    Hi Greyghost
    Have you decided on an Agent yet? If not, I can potentially get you 7.5%.
    Let me know.
    Cheers
    Jen