VIC Would you enter your IP alone to inspect while tenants aren't home?

4.4 - 5.5% is standard for Melbourne

 

LOL no it isnt. That's probably why you're getting cheap service now.

 

So how much do you think it is? You're from Adelaide but you're an expert on Melbourne's PM rates lol? I've only ever paid 4.4-5.5% and so have all my investor friends. Sydney is similar, Qld is usually 6.6-7.7%. You're probably gonna say 8-9%.

 

Most franchise agencies in Qld metro are pushing 9+% (inc.gst) + nickel & diming everything else they can (additional inspections, statements, tribunal attendance, commission on maintenance works, etc.)

 

Wow that's insane, I pay 6.6% with one agent and 7.7% with another (both on gold coast). I should mention the rates in Melbourne of 4.4-5.5% are for multiple properties.

I guess I'm lucky I haven't purchased in Perth and have to pay 18-22% for property management.

 

All depends on the area of Melbourne. I wouldn't mind charging 4.4% for a $1000pw property. I'd be making a loss on a $300pw property though in Werribee. No one wants to deal with the lower socio-demographics (and fun that brings) along with generally higher maintenance homes for $13pw (as this is already eaten up by your insurance, software, it needs, phone bill...). For quality property managers the going rate ranges between 6.6% and 8.8% in Melbourne.