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PM In Geelong area. Rates? Recommendations?

Discussion in 'Property Management' started by JetstreamVic, 5th Jan, 2016.

  1. JetstreamVic

    JetstreamVic Active Member

    Joined:
    29th Dec, 2015
    Posts:
    30
    Location:
    Melbourne
    Hi all,

    About to purchase a place near Geelong, anyone have any good recommendations of who they use as a PM and what the going rate is?

    Currently it is already being managed at 8.8% inc GST, which seems on the high-side. Currently I am getting 5.5% Inc GST on a property in Dallas, Victoria.

    Thanks
     
  2. D.T.

    D.T. Adelaide Property Manager Business Member

    Joined:
    13th Jun, 2015
    Posts:
    5,571
    Location:
    Adelaide, SA
  3. Hodor

    Hodor Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    737
    Location:
    Homeless
    DT makes an important point. Service is much more important. Mine offered 8 first up but dropped to 6.6% easily enough.

    Unfortunately due to staff changes service has been lacking, but it's getting better after stating what I expect.
     
  4. JacM

    JacM VIC Buyer's Agent Business Member

    Joined:
    12th Jul, 2015
    Posts:
    1,106
    Location:
    Melbourne, Australia
    Who are you using that is charging 8.8% ?

    One option might be that if you are happy with the service, indicate to them you are choking on the rate and are aware you could do better and negotiate the rate downwards to prevent you going elsewhere.
     
  5. KMD

    KMD Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    63
    Location:
    Melbourne
    I use Barry Plant (Robert Downie) in Geelong. They charge the standard rate of 7.7% (inclusive of GST) and I've been very happy with them. If you have more properties then the rate goes down.
     
  6. wobbycarly

    wobbycarly Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    208
    Location:
    Geelong
    We are happy with McDonald and Co. Only 1 property in Geelong so no big discount. I think we pay 7.7%, as well, with very few other monthly fees that can add up.